Proposed Mining Application by Whale Head Minerals for a portion of remainder of Farm 1, Port Nolloth

Whale Head Minerals (Pty) Ltd has identified a mineral sand deposit some 30 km North of Port Nolloth, Northern Cape Province, South Africa, with the aim of developing this resource to produce a saleable heavy mineral concentrate product from the wet concentrator plant (WCP), which would include garnet, ilmenite, monazite, zircon and rutile. All of the
proposed mining area falls below the high water mark.

NB The positioning of the amended layout only differs slightly from the previous application i.e. only moved seaward and no WCP platform is applicable.

This application differs from the previous application made in that none of the proposed mining area falls above the high water mark.

The resource was originally prospected by Alexkor in the 1980’s and 1990’s while exploring for diamonds. Whale Head Minerals (Pty) Ltd conducted a Feasibility Study based
on the findings by Alexkor, which considered the viability of the overall project, allowing for a mining operation, with a WCP. The proposed project site is characterized by coastal
environmental sensitivity, as well as the relative remoteness of the site. Fresh water is not readily available, in addition the nearest electrical power source is some kilometres from
the site.
At the site proposed for mining, mineral sands are located off shore in the bay area just seaward of the beach between the tidal zone and breaker zone. It is estimated that
approximately 622 700 t of ore will be mined from the beach over a 5-year period, producing high grade heavy minerals concentrates. This period may be extended due to the
possibility of unrealized potential in the resource through the replenishment of the resource. The resource would be exploited through the use of pumping techniques whereby the ore
would be pumped from the offshore mining area to a collection point onshore from where it will be taken to an offsite wet concentrator plant (WCP) for final concentration.