ContractOfftake Agreement • July 30th, 2021
Contract Type FiledJuly 30th, 2021Highlights Tormin - Offtake agreement signed with GMA Group for 100,000 tonnes of garnet concentrate per annum commencing 1 January 2021 for three years with automatic renewals after that subject to a minimum six month termination period(1) Tormin – Record 1.4 million tonnes of material mined for the quarter Tormin – 10,000 metre second phase resource drilling program completed(2) Skaland – Commencement of decline development at Traelen Graphite Mine resulting in 482 development metres for the June quarter(3) COVID-19 – No material impact to Norwegian and South African operations. Supply chain logistics and markets largely unaffected