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Purchase Contract

Invoice To
Southern Africa Ferro Alloys Ltd.
Plot 397A/D, Makeni Area Road, Off Kafue Road, P.O Box 50854, Lusaka, Zambia

Dispatch To
Southern Africa Ferro Alloys Ltd.
Plot 397A/D, Makeni Area Road, Off Kafue Road, P.O Box 50854, Lusaka, Zambia

Supplier
Eldorado Mining Limited
Plot 1055A, Accra Road Light, Industrial Area, Kitwe

Contract Number:
SAFAL/P/MN ORE/09.83/2020

Supplier's Ref/Order No:
SAFAL/P/MN ORE/09.83/2020

Dispatch Through:
Buyer hired trucks

Dated:
24 Sep 2020

Mode/Terms of Payment:
100% after dispatch and testing at SAFAL lab

Destination:
SAFAL, Kanona

Delivery Period:
September- October 2020

Other Reference(s):

Terms of Delivery

Ex Mine loaded on trucks with documents - MRT INCLUSIVE

Sr. No Description of Work Due Date Quantity Rate Unit Amount
1 Manganese Ore

Specifications: Mn- 36-40%
Size: 10-80 MM (95% Min)
24 Sep 2020 1500 37 MT 55,500.00
VAT 16% 16 % 8,880.00
Total 1500 USD 64,380.00

E & O.E

Amount Chargable (in words)
US Dollar Sixty-four Thousand Three Hundred Eighty

Remarks:
Washed materials - 19MM+ @ $40/T | washed lumpy material @ $45/T. Unwashed 19MM - $35/T

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Authorised Signature