Resources and Reserves Estimation

15 July 2013

In 2013, Australian Company Coffey Mining Pty Ltd accomplished resource estimation of the Kuskovsko-Shiryaevsk and South-Aleksandrovsk areas of the Tugansk deposit in compliance with the JORC Code (2012) for OJSC “TOMPE “Ilmenite”. As for today, the Company is still performing further mining studies.

Coffey Mining Pty Ltd is a Perth-based, independent international consulting company specialising in the areas of geotechnical engineering, hydrogeology, hydrology, tailings disposal, environmental science and social and physical infrastructure. Coffey Mining has more than 50 years experience as specialist mining consultants, operates in more than 80 countries around the globe, and has permanent offices throughout Oceania, the Americas, Africa, Asia and Europe.

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