Product Description

We have here is approximately *2,**0 acres of iron ore mine land. We are not expecting one investor to take up the entire land but at least a minimum of 1,**0 acres. We have 2 nearby ports for logistic purpose. Interested investors have to do their own exploration in the land that we will provide.

1. For 1,**0 acres, estimated deposit is around *0 million metric tonnes to **0 million metric tonnes and its going to be surface mining.

2. Estimated grade is around *7 to *2.

3. Expecting a JV venture, where we will come out with the land and the investor to come out with the financial investment to operate the mine. The proposed JV share ratio will be *1% for the investor and *9% for the state government.

4. If the investor is not keen for JV, they can operate the iron ore mine by themselves **0% but some sort of profit sharing have to be agreed which is subject to negotiation.

5. The Geologist or COA ( Certificate of Analysis ) report is not available for the land as its still a virgin land with iron ore deposits. I sincerely advice you to bring your own geologist and do your own exploration to get a genuine result.

6. For 1,**0 acres, the initial exploration work where rental of machinery needed and that will cost you approximately RM**0k to RM**0K. Secondly, approximately RM*0 million to RM*5 million over a period of 3 to 6 months during mining operation depending on the size of the operation. You will get a break even after a maximum of 7 to *0 months with a minimum production of *0k metrics ton per month.

7. This is just a summary but document evidence will be presented in the meeting session if the investor is really keen to proceed. The documents are confidential in nature hence we will arrange a meeting session to table it.