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INDICATIVE MOISTURE REPORT

NAME OF COMMODITY Marampa Iron Ore Concentrate

SHIPPER/CLIENT Marampa Mines Limited. Sierra Leone
PLACE OF INSPECTION TRT Port, Sierra Leone
DATE OF INSPECTION 23rd November 2023
VESSEL M.V. SSI BRILLIANT
COASTER VESSEL M.V. Lucky Jack (13)
DECLARED QUANTITY 2199.000wmt (Quantity as per Shore scale)
AVERAGE MOISTURE % 8.52
SUB-SUB LOT SIZE 1000wmt
SUB LOT SIZE Each Coaster Vessel
REPORT NUMBER 1336MINE TRADE/SGS SL/2023
DATE OF ISSUE 24.11.2023

Following the instructions of our PRINCIPAL, SGS (SL) Limited conducted shipment inspection for Moisture
determination and Assay of loaded cargo into Coaster Vessel Lucky Jack (13) which was loaded at TRT Port, Sierra
Leone, for Shipment Purpose.

Sampling: +/-10kg sample were collected after every 250wmt loading from Conveyor Belt using Mechanical
Sampling system. +/- 40kg sample were collected per Sub-Sub lot. Collected samples were passed into Plastic Bag
and forwarded to Sample preparation lab inside TRT Port Safely and Securely with Sub-Sub lot and Sub lot marking.

Sample preparation: Each Sub-Sub lot samples were mixed quickly and reduced to +/-3kgX 2 set of samples
using Riffle divider. One set is for Moisture, Size and Quality analysis and another set for Reserve. Analysis samples
were split into +/-1.5kg X 2 samples using Riffle divider.

Moisture Analysis: Sub-Sub lot samples were dried at 105*C using Hot Air Circulated Oven till constant weight.
Wet and Dry samples were weighed using Mine Top loading balance. Each Sub-Sub Lot analysis was carried out
with Duplicate.

24/11/2023
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Loaded
Vessel Name Coaster/Vessel Name Sub lot Number Sub-Sublot Number Quantity Moisture %
(wmt)
SL/Fe. Con/23/37-69A 1000 8.55
M.V Lucky Jack-13 SL/Fe. Con/23/37-69
MV. SSI BRILLIANT SL/Fe. Con/23/37-69B 1199 8.50
Total Loaded Quantity& Average Moisture % 2199 8.52

Weather Condition while sampling: No rain

Authorised by: Dembo Jabbie

24/11/2023
.................................................................
Signature and Date

This document is issued by the Company subject to its General Conditions of Service (www.sgs.com/terms_and_conditions.htm). Attention is
drawn to the limitations of liability, indemnification and jurisdictional issues established therein. Any holder of this document is advised that
information contained hereon reflects the Company’s findings at the time of its intervention only and within the limits of client’s instructions, if any.
The Company’s sole responsibility is to its Client and this document does not exonerate parties to a transaction from exercising all their rights and
obligations under the transaction documents. Any unauthorized alteration, forgery or falsification of the content or appearance of this document is
unlawful and offenders may be prosecuted to the fullest extent of the law.

SGS SL Limited 26, Main Motor Road, Brookfields, PO Box 83, Freetown, Sierra Leone www.sgs.com

Member of the SGS Group (Société Générale de Surveillance)