Overview

Alufer holds licences for two bauxite projects in Guinea; the Bel Air and Labé Projects.

Bel Air:

• A JORC compliant resource of over 146Mt of Direct Shipping Ore has been identified at Bel Air. Having taken the project all the way from discovery through construction, first ore on ship was achieved in Q3 2018 on time, within budget and with zero LTIs.

Labé:

• Exploration at the Labé Project is ongoing, looking to complete a Pre Feasibility Study. Over 2.5Bt of JORC compliant resources have already defined but only c. 25% of the licence area has been explored so this offers further growth potential.