Phosphoric Acid, Phosphates & Fertilizers Experts

MINERAL RESOURCE INCREASE AT BAOBAB PHOSPHATE PROJECT

HIGHLIGHTS

• 11% increase in Indicated Mineral Resource tonnage to an estimated 34.9 million tonnes at 20.7% P2O5 at a cut-off grade of 15% P2O5
• 37% increase in Inferred Mineral Resource tonnage to an estimated 156 million tonnes at 18% P2O5 at a 15% P2O5 cut-off

Avenira Limited (‘Avenira’ or ‘the Company’) is pleased to advise that now-revised Mineral Resource estimates significantly increase the potential longevity of the Baobab Phosphate Project. Including mining depletion to end August, the new Indicated Resource tonnage is 11% higher than
the previous estimate and the new Inferred Resource tonnage is 37% higher than the previous estimate (both as announced on 2 March 2017).

Avenira’s Managing Director, Louis Calvarin, said: “Our exploration team has continued to deliver outstanding results in growing the Resource base. Baobab now hosts a world-class resource and this represents a very strong basis for the Company’s strategic growth and long term success.”

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