First Bauxite Corporation Completes Mining of Bulk Sample Pit at Bonasika - Seite 2

Geological Block Model Reconciliation DFB (%)
	Al2O3	SiO2	TiO2	Fe2O3	LOI
Estimated Geological Block Model Assay Results	61.58	2.86	3.10	0.52	31.47
Actual 3,000mt Bagged Production Assay Results	62.60	2.13	2.78	0.48	32.01

Geological Block Model Reconciliation RGB (%)
	Al2O3	SiO2	TiO2	Fe2O3	LOI
Estimated Geological Block Model Assay Results	58.04	6.68	2.70	0.49	28.04
Actual 100mt Bagged Production Assay Results	N/A	6.87	2.72	0.49	N/A

Notes:

1. The difference between estimated and actual SiO₂ results for DFB is a result of not blending in the transition ore between the DFB/RGB (higher SiO₂) assumed in the block modelling.
2. Al₂O₃ and LOI results were not conducted on RGB as this product will not be used to produce ceramic proppants as part of the industrial scale proppant production trial. However, it will be used as sacrificial product at the commencement of the trial to clean out any contaminants in the CP Facility.
3. The actual assay results for both DFB and RGB were also consistent with regular ROM in process assay results conducted during the bulk sample test pit programme.

Ceramic Proppant Production Trial