Ann: Company & Phase 3 Expansion Update & App 3Z, page-50

The Company is pleased to advise that it has now received a commercial Purchase Order (PO) for 20,000t of the premium product produced by the Phase Two wet beneficiation plant to be supplied over the coming months. The PO issued by Infinity Ores (IFO) is for the supply of 20,000 tonnes of 63% Fe filter cake (wet plant product). The negotiated sales price for the initial PO is A$65 (equivalent) ex gate with payment in advance based on 1,000 tonne lots.

https://newswire.iguana2.com/af5f4d73c1a54a33/ior.asx/6A817423/IOR_New_Customer_20_000t_PO_Received