Copper Concentrate

Product: Copper Concentrate â?? XF Grade
Origin: South America (to be disclosed during the introductory meeting)
Port of Loading:
Delivery Term: EXW
Monthly Availability: 2,500â??3,500 MT
Copper Content: Minimum guaranteed Cu content of 10%, with typical flotation process results frequently exceeding 25%.

Indicative Pricing Structure

Copper value is based on the applicable LME 85% settlement price, payable copper content, and the mutually agreed payable factor.
Gold content is remunerated based on the applicable LBMA daily price whenever the assay exceeds 1.5 g/t.
Gold values of 1.5 g/t or below are not payable.
Treatment Charges (TC), Refining Charges (RC), impurity penalties, deductions, and all other commercial adjustments will be mutually agreed and incorporated into the final Sales and Purchase Agreement.
Indicative Payment Terms

The seller's initial proposal is as follows:

20% payable upon execution of the Sales and Purchase Agreement (SPA);
80% payable against presentation of the agreed shipping documents under an irrevocable, transferable, and confirmed Documentary Letter of Credit (DLC).
Should the seller be unable to monetize the Documentary Letter of Credit for initial logistics costs, a corresponding advance against the initial 20% may be requested.