Page 1 of 2

10/07/2018

Minerals SGS de Mexico S.A. de C.V

Malledijk 18 Paseo de la Reforma 560 - Lomas de Chapultepec
3208 LA Spijkenisse
Tel: +31 (0) 181 694271
C.P. 11000Mexico D.F.
Fax: +31 (0) 181 694601 Mexico
Email: nl.mineralslab@sgs.com Att.: Cinthia Santiago

ANALYTICAL REPORT: SPM18-01001

Client SGS de Mexico S.A. de C.V
ISO 2597-2 Method 1
Product Manganese Ore
Client Ref. M2003199/18 MIN 021-LAB
MIN_SP_704_5
Received 25-06-18
Vessel MIN 026-LAB
Sampled 20-06-18 MIN 013-LAB
Sealed Yes Location Manzanillo - Mexico
MIN 027-LAB
Packaging Aluminized SGS envelope MIN SP 708
Type : Party

1 : Determination of total manganese content - Titrimetric method (Acid digestion)

2 : Various elements and oxides in various materials by borax fusion and ICP
3 : Manganese oxide (MnO) in Manganese ore(s) by titration
4 : Various elements and oxides in ir Manganese ore by ICP
5 : Carbon and sulphur in metals, ores and alloys by infrared absorption after combustion
6 : Loss On Ignition (LOI) of various materials at various temperatures
7 : pH measurements in various materials
This is to certify that we have analysed the submitted samples relating to the above and report the following to be the result
Lot Pile#1 - DMU Lot Pile#2 - DMU Lot Pile#3 - DMU Lot Pile#4 - DMU Lot Pile#5 - DMU Lot Pile#1 -
Yard Yard Yard Yard Yard Turcos Yard
Component Unit
0001 Mn % 42.48 40.68 43.95 44.77 40.46 41.14
0001 MnO % 55.18 52.83 57.07 58.14 52.54 53.52
0001 Mo % 0.00 0.00 0.00 0.00 0.00 0.00
0002 SiO2 % 12.24 14.28 13.00 9.91 14.90 5.41
0002 P % 0.08 0.01 0.03 0.05 0.01 0.01
0002 Cr % 0.00 0.81 2.07 1.82 2.23 0.25
0002 AI2O3 % 0.19 2.85 2.43 1.99 3.89 0.94
0002 MgO % 0.05 0.27 0.06 0.09 0.13 0.03
0002 TiO2 % 0.18 0.18 0.16 0.11 0.27 0.12
0002 CaO % 12.82 6.14 7.31 1.00 6.15 0.59
0003 Fe % 3.10 3.35 4.79 2.32 4.52 2.93
0004 Cu % 0.01 0.04 0.03 0.16 0.03 <0.01
0004 Pb % 0.04 0.04 0.01 0.01 0.01 0.01
0004 Zn % 0.18 0.06 0.10 0.05 0.10 0.02
0004 Sb % 0.04 0.61 0.05 0.06 0.25 0.05
0004 Cd % <0.01 <0.01 <0.01 <0.01 <0.01 <0.01
0004 Bi % <0.01 0.03 <0.01 <0.01 <0.01 <0.01
0004 As % <0.01 <0.01 <0.01 <0.01 <0.01 <0.01
0004 Ni % 0.00 0.10 0.49 0.22 0.38 0.11
0005 S % 0.01 0.10 0.85 0.10 0.91 0.01
0006 LOI105°C % 2.33 3.30 3.06 2.87 3.61 2.29
0006 H2O % 0.69 1.01 0.98 1.82 1.54 0.53
0007 pH as rcvd 4.63 4.8 7.6 8.4 7.0 4.4

Analysis relates to sample(s) in dry state.

Weight report not available and/or lot weight's not stated on label(s).

SGS Nederland B.V.

All orders are executed only in accordance with our general conditions or the Verecog General Cargo Survey and Inspections Conditions in your possession. Upon quest copy of the
0000003933
applicable conditions will again be sent. SGS Nederland is registered at the Chamber of Commerce of Rotterdam under number 24226722 and has its registered office in Spijkenisse.
 Page 2 of 2
10/07/2018

Minerals SGS de Mexico S.A. de C.V

Malledijk 18 Paseo de la Reforma 560 - Lomas de Chapultepec
3208 LA Spijkenisse C.P. 11000Mexico D.F.
Tel: +31 (0) 181 694271
Mexico
Fax: +31 (0) 181 694601
Email: nl.mineralslab@sgs.com Att.: Cinthia Santiago

ANALYTICAL REPORT: SPM18-01001

Client SGS de Mexico S.A. de C.V
Product Manganese Ore
Client Ref. M2003199/18
Sampled : 20-06-18
Received 25-02-18 Location : Manzanillo - Mexico
Vessel

Sealed Yes
Packaging Aluminized SGS envelope
Type Party

SGS Nederland B.V.

All orders are executed only in accordance with our general conditions or the Verecog General Cargo Survey and Inspections Conditions in your possession. Upon quest copy of the
0000003933
applicable conditions will again be sent. SGS Nederland is registered at the Chamber of Commerce of Rotterdam under number 24226722 and has its registered office in Spijkenisse.