Sales The realised price for Karara magnetite concentrate is...

Sales The realised price for Karara magnetite concentrate is represented by the published benchmark assessment of the spot price of a standard specification of iron ore fines with 65% iron (Platts IODEX 65% Fe), less a discount on 3rd party sales and adjusted for its higher iron grade relative to the benchmark (September 2017 Quarter – average of approximately 65.7% Fe), less standard penalties for impurities. The average realised CFR2 price for the September 2017 Quarter was approximately AUD $105.12 per DMT3 on provisional basis (June 2017 Quarter: approximately AUD $95.30 per DMT)