The Companies 100% owned Otjozondu Manganese Project (“Otjo...

The Companies 100% owned Otjozondu Manganese Project (“Otjo Project”) in Namibia made 6 shipments of manganese ore totaling 8094t to China in the April to June quarter. The ore is shipped in containers and typical shipment parcel size is around 1,200-1500t. The Company has committed to supply 5 shipments in July and, since latent demand for Namibian ore is in excess of our ability to supply, it is anticipated that sales will lead growth in production in the next quarter

Based on the above assumptions the company could export at least 20,000t of Manganese this quarter.