Lodestone's Phased Approach

PILOT PLANT -

ECONOMICS - 1.5m USD equity with 0.37m USD EBITA per year.
SALES - 4,000 tpy petrochemical catalyst feedstock & 7,000 tpy HMS media for coal washing.


MIDI PLANT -

ECONOMICS - 35m USD investment with 24.4m USD EBITA per year after ramp up.

SALES - 1.0 MPTY of high grade concentrate and a further 104 KTPY of niche products.

OPPORTUNITY - 2.4m tons of free dig available reducing mining costs significantly in the first 2 years.


MAXI PLANT -

Invest a further 150m USD and ramp up to 2.0 MPTY of high grade iron ore concentrates with a reserve of over 32 million tons of high grade concentrate (>66% Fe).