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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
Gamcore Zambia Limited
Plot No. 6392, 02nd Floor, Saturania House, P.O. Box 32232, Lusaka, Zambia

Contract Number:
SAFAL/P/MN ORE/05.19/2021

Supplier's Ref/Order No:
SAFAL/P/MN ORE/05.19/2021

Dispatch Through:
Supplier hired trucks

Dated:
13 May 2021

Mode/Terms of Payment:
Upon delivery at SAFAL plant and testing of the material

Destination:
SAFAL Plant, Kanona

Delivery Period:
within 1 month

Other Reference(s):
Each truck to have mining license copy, Police clearance & council receipt

Terms of Delivery

Delivered Kanona

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

Specifications: Mn : 48% Min, Fe :3.0% max, Phos :0.11% max. Sio2 : 5.0% Max
Size: 20-150 MM (90% Min)
13 May 2021 1000 95 MT 95,000.00
VAT 16% 16 % 15,200.00
Total 1000 USD 110,200.00

E & O.E

Amount Chargable (in words)
US Dollar One Hundred Ten Thousand Two Hundred

Remarks:
Mineral Royalty exclusive

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Authorised Signature