Minor Metals Prices

Ilmenite Prices

Commodity	Origin	Price	Change	Unit	Date
Ilmenite Conc Australian TiO2 55-58% min, Fe 27% min	CIF China	377.56	-3.87	$US/MT	20 Sep 2023
Ilmenite Conc Kenyan TiO2 48% min, Fe2O3 20% max	CIF China	401.65	-11.27	$US/MT	20 Sep 2023
Ilmenite Conc Mozambican TiO2 52% min, Fe2O3 25% max	CIF China	411.48	-11.93	$US/MT	20 Sep 2023
Ilmenite Conc TiO2 46% min; Fe2O3 8% max; Ex-VAT	EXW China	304.75	1.03	$US/MT	20 Sep 2023
Ilmenite Conc TiO2 50% min; Fe 30% min;	Port China	381.59	-2.79	$US/MT	20 Sep 2023
Ilmenite Conc TiO2 50% min; Fe2O3 14% max;	Port China	393.76	-2.94	$US/MT	20 Sep 2023
Ilmenite Conc TiO2 52% min, Fe2O3 25% max	FOB Vietnam	389.85	-3.28	$US/MT	20 Sep 2023
Reduced Ilmenite TiO2 56% min	EXW China	710.16	-1.8	$US/MT	20 Sep 2023

The company seeks to double its capacity at the ICVL-owned joint venture Mozambique coal mine from existing 2 mt to 4 mt.