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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/03/2026/47

Supplier's Ref/Order No:
SAFAL/P/MANGANESE ORE/03/2026/47

Dispatch Through:
Seller's Hired trucks

Dated:
03 Mar 2026

Mode/Terms of Payment:
50% Payment after receiving weighslip from supplier and balance after cargo received at plant and 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 +48%, Fe 5% max, SiO2: 10% max, Phos: 0.15% max
Size: 10-100mm
03 Mar 2026 1000 122 MT 122,000.00
VAT 16% 16 % 19,520.00
Total 1000 USD 141,520.00

E & O.E

Amount Chargable (in words)
US Dollar One Hundred Forty-one Thousand Five Hundred Twenty

Remarks:
Supplier should supply material strictly as per PO specs. If wtd. average of Mn < 48% then prorata price will be applied till 46%. If wtd average of Mn is reported less than 46%, double prorata price shall be applied till 44%. Buyer shall pay 50% value upon submission of weighslip by seller. Balance payment shall be paid after testing at buyer's lab only. MRT and VAT shall be borne by buyer

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Authorised Signature