INSPECTION REPORT N°/20010153

(Electronic Report)
Date: November 02nd, 2020

1.- General view of MV FRIENDLY SEAS berthed at Punta Chungo Port.

Messrs,

In compliance with the instructions received of CCIC ANHUI, we certify that we have supervised
the loading operations reported here at Punta Chungo Port, Chile, From October 25 th to October
31st of 2020, on the following parcel:

Ref CHILE Nr. : 20010153 Client Contract Ref. Nr. JCIE20-AI-081CHI

Vessel: “FRIENDLY SEAS” From : Punta Chungo Port, Chile

Shipper: Minera Los Pelambres To : Nanjing, China
Cargo: Copper Concentrate in bulk
Quantity: APROX. 10,000.000 wmt. CCIC Certification Nr. 340020100023

1. DESCRIPTION OF THE MATERIAL (Pre-shipment Inspection)

Minera Los Pelambre´s copper concentrate in bulk to be loaded on the MV “FRIENDLY SEAS” was
stockpiled on a concrete floor inside the warehouse facilities at the port. Minera Los Pelambre´s

1
In accepting this survey it is agreed that extent of the obligation of this company with respect there to is limited to furnishing a surveyor believed to the competent and in the making of this
inspection the surveyor is acting impartially and to the best of his ability and no liability shall attach to the company or the surveyor for the accuracy there off. Our responsibility can never exceed
the amount of our fees.
representative inform that access and photograph is denied into Stockpile, therefore the material
was observed during loading operation. The material inspected was in good conditions, totally free
of foreign materials, without lumps or agglomerations and apparently with a normal level of
moisture contend, appropriate for shipping.

2. WEIGHT & MOISTURE SUMMARY

MOISTURE
LOT Nº HOLD WMT DMT
% H2O
1 4 500.000 7.00 465.000
2 4 500.000 7.73 461.350
3 4 500.000 8.02 459.900
4 4 500.000 8.04 459.800
5 4 500.000 8.11 459.450
6 4 500.000 8.23 458.850
7 4 500.000 8.18 459.100
8 4 500.000 8.20 459.000
9 4 500.000 8.14 459.300
10 4 500.000 8.11 459.450
11 4 500.000 8.14 459.300
12 4 500.000 8.05 459.750
13 4 500.000 8.01 459.950
14 4 500.000 8.00 460.000
15 4 500.000 8.04 459.800
16 4 500.000 8.18 459.100
17 4 500.000 8.10 459.500
18 4 500.000 8.21 458.950
19 4 500.000 8.26 458.700
20 4 500.000 8.50 457.500
21 4 500.000 8.48 457.600
22 4 500.000 8.45 457.750
23 4 299.490 8.24 274.812
TOTAL LOADED   11,249.490 8.10283 10,383.912
*Determined by Weightometer.

3. VESSEL DETAILS
Name : “FRIENDLY SEAS“
Flag : Liveria
Port of Reg. : Monrovia
Owner : Paloma Marine SA
Agent at Port : ULTRAMAR
GRT : 32,415 MT

4. OPERATION DETAILS (Statement of fact)

Date From – To
Notice of readiness tendered 24-10-2020 16:30 hrs.
Vessel arrives at Los Vilos PS 24-10-2020 16:30 hrs.
Berthing completed 25-10-2020 09:45 hrs.
Hold inspection by CCIC ANHUI Surveyor LH 4 25-10-2020 11:35 -11:45 hrs.
Commenced loading operations, LH4 25-10-2020 15:25 hrs.
Completed operation operations, LH4 Nanjing cargo 25-10-2020 22:30 hrs.
Stopped operation due lack of cargo 27-10-2020 19:26 hrs.
Vessel umoorring 27-10-2020 20:54 hrs.
Second berthed 31-10-2020 12:40 hrs.
Completed operation 31-10-2020 19:03 hrs.
Sailed 31-10-2020 22:30 hrs.

Official figure by Weightometer in LH4 : 11,299.49 wmt

5. WEATHER CONDITIONS

The atmospheric conditions during the shipment of this particular package were good. No
exhibition of the material to the strong wind rain, swells were observed during cargo.
Temperature at the moment of the inspection was 17°C.

6. REPORT ON INSPECTION/SUPERVISION

STOWAGE PLAN & HOLDS CONDITION

The material was programmed to be loaded in the hold Nr. 4. All were in good condition and clean.
The hold Nr.4 was load for Nanjing, China.

LOADING OPERATION

The cargo was loaded using a conveyor belt feeder located inside the covered warehouse. Then
the material was transported through the conveyor belt at average rate of 1,700 MT per hour. No
agglomeration of the product was observed during loading operations.

WEIGHING
As usual at this port, weighing was attended by using a Ramsey Weightometer with a fully
electronic integrator.

Due to safety procedures, terminal don’t authorize our Surveyor to inspect loading conveyor belt
and whole transfer stations. However, according Punta Chungo´s port responsible personnel,
inform that according their procedures approved by Minera Los Pelambres whole installation was
cleaned before to commence loading operation.

Calibration of Weightometer details:

Series N° 14489739
Trademark RAMSEY
Model Micro - Tech 9301
Maximum capacity 1900 t/h
Minimum capacity 0,01 t/h
Calibration date 14/07/2020
Next Calibration date ------
Certification date 23/07/2020
Issued by Precisión servicio S.A.
Calibration Nr. 37062

SAMPLING

Minera Los Pelambres subcontracts sampling operations and controls at this port to a local
company named AHK (Alfred H. Knight).

The collection of samples was achieved by using an automatic sampler, cutting directly from the
flow of concentrates at the transfer station located in belt Nr. CV 120, previous to weightometer
station in two stages.

According indicated by mining´ surveyor Alfred Knight , the primary sampler cutter collects a
sample (increment) every 50 wmt, which weights between 100 and 110 kilos, By each 500 wmt 10
increments are taken, this increments flow into a secondary sampler collecting samples
(increment) of 600 gr, each 6 seconds.

Automatic Sampler details

Owner Minera Los Pelambres

Trademark TECPROMIN
Model XHH/H2H500
Serial S/N
Location CORREA CV 120
Validation Annually
Validation Responsible Minera Los Pelambres
 Maintenance Responsible Minera Los Pelambres

The final sample per lot (11/15 Kg) is received inside a strong polyethylene bag, tape-sealed inside
an additional bag and with the identification card placed between the two bags. The outside bag
is also tape-sealed and then sent to the AHK Sample Preparation lab located at Punta Chungo
terminal, At Punta Chungo Port.

MOISTURE DETERMINATIONS

At the AHK sample preparation lab, enough numbered stainless steel trays (33x21x3.5 cm.) are
tare weighed to receive each lot's sample. Samples are firstly homogenized inside its bags, then
spread over one 16” x 20” stainless steel tray where, using a spoon JIS 5, for each loading lot, two
fractions of 1 Kg. approx. each are collected, weighed an then placed in two stainless steel trays
for drying (approx. 2 cm. layer for each sample).

The trays are then placed in the drying oven, which is set at a temperature of 105°C,+/- 5°C unit
reaching constant weight. Drying time took about 5 hours; after this, each tray was weighed for
complete moisture determination calculation.

Equipment used for this operation was:

Lab Scale details:

Trademark TOMS
Model GF-4000
Serial TM-STC60001
Calibration certificate M-20-0356
Issued by CALMANREP
Certification date 15/09/2020

Drying Oven details:

Trademark GRIEVE
Model NA
Internal Serial 343260 / IN-LAB-MU016
Calibration certificate T-20-0125
Issued by CALMANREP
Certification date 30/01/2020

QUALITY SAMPLES PREPARATION

Once drying process was finished, the two trays for each lot were pulverized separately using
automatic pulverizer equipment during 30 seconds to assure the whole sample is under 100 ASTM
mesh. Then each portion were mixed conform the corresponding quality samples, then whole
samples homogenized in a canvas sheet and placed in a aluminized bags, heat sealed and placed in
paper envelopes provided by AHK. Samples were sealed by United Surveys Chile Surveyor.

SAMPLES DISPATCH & DISTRIBUTION

Samples will be given by requirements of the client, according the following distribution:

 Two set of samples plus two composites direct to CCIC ANHUI

 Two set of samples plus two composites to Chilean customs
 Two set of samples plus two composites to AHK laboratories
 Two set of samples plus two composites to Minera Los Pelambres.

Samples were dispatched as instructions; details are attached on this report.

PHOTOGRAPH SET ANNEX (A)

See Photograph Annex (A) with different images of this supervision.

ATTENDING PARTIES

Name Position On behalf of

Daniel Figueroa Vergara United Surveys Chile CCIC ANHUI

7. ATTACHMENTS

 Moisture certificate
 Shipment weight certificate
 Calibration certificates
 Statements of facts
 Mate’s receipt
 Stowage Plan

This report is issued without any prejudice and in the interest of whom it may concern.
PHOTOGRAPH SET ANNEX (A)
2.- General view of hold condition, LH4. 3.- General view of hold condition, LH4.

4.- Another view of hold condition, LH4. 5.- View of bilge cover sealed by vessel.

6.- View of loading operations, LH4. 7.- View of loading operations, LH4.
8.- View of samples bagged . 9.- View of samples bagged .

10.- View of samples bagged . 11.- View of initial Weightometer.

12.- View of initial Weightometer. 13.- View of samples preparation at AHK facilities.
14.- View of increments for moisture 15.- View of weighing for moisture determination.
determination.

16.- General view of samples for moisture 17.- General view of samples during drying process.
determination.

18.- View of lab oven. 19.- General view of samples after drying process.
20.- General view of samples pulverized. 21.- View of pulverizing process.

22.- View of pulverizing process. 23.- View of aluminized samples bagging.

24.- View of samples bagging. 25.- View of samples sealed by shipper surveyor.
26.- View of samples sealed by shipper surveyor 27.- View of samples sealed by CCIC Surveyor.

28.- View of samples sealed for dispatch. 29.- View of samples sealed for dispatch.