Anthiby Well

Asset Summary

Asset	Anthiby Well
Interest	0.25% GRR
Commodity	Iron Ore
Location	Australia
Stage	Exploration
Counterparty	Hancock Prospecting
Additional Notes	"The proposed method of processing is a 5 to 10 mtpa all fines Beneficiation plant. Material with a grade above the cut-off of 40% Fe will be fed to the beneficiation plant with an expected recovery of around 75%" (Statement of Proposed Mining Operations, August-2013, Atlas Iron).

Asset Highlights

• The Anthiby Well project is an exploration stage iron ore project located in Western Australia approximately 100km west of Paraburdoo in the Ashburton region.
• The Anthiby Well royalty tenements host a channel iron deposit inferred resource estimate of 38.0Mt @ 53.6% Fe (Jorc 2012) above a 50% Fe cut-off, as at March 31, 2018.