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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
AKHAND RESOURCES LIMITED
2153,MUSENGA SITE AND SERVICE,MANSA,LUAPULA PROVINCE

Contract Number:
SAFAL/P/MANGANESE ORE/06/2025/41

Supplier's Ref/Order No:
SAFAL/P/MANGANESE ORE/06/2025/41

Dispatch Through:
Seller's Hired trucks

Dated:
30 Jun 2025

Mode/Terms of Payment:
100% Payment after receiving the quantity and upon testing at our lab.

Destination:
SAFAL Plant, Kanona

Delivery Period:
Immediate

Other Reference(s):

Terms of Delivery

Delivered at our Kanona Plant

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

Specifications: Mn 40% min, Fe 5% max, SiO2: 14% max, Al2O3: 8% max, Phos: 0.12% max
Size: 10-100mm(90%)
30 Jun 2025 1000 2070 MT 2,070,000.00
VAT 16% 16 % 331,200.00
Total 1000 ZMW 2,401,200.00

E & O.E

Amount Chargable (in words)
Zambian Kwacha Two Million Four Hundred One Thousand Two Hundred

Remarks:
1. The above price in inclusive of loading charges, council fee, weighment charges, PCC, toll fee and exclusive of VAT. 2. MRT shall be paid by buyer. 3. Seller should ensure to supply ore with Mn 40% min only. Price for Mn 40-42 shall be ZMW 2070, Mn 42-44 : ZMW 2173 & Mn +44 : ZMW 2277PMT. 4. Prorata price applicable till Mn 38% and rejection if Mn<38%

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Authorised Signature