Mindoro has multiple opportunities for near and medium term cash flow potential in the Philippines through four joint venture agreements with TVI Resource Development (Phils.), Inc. ("TVIRD").

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Highlights:

Agata Project: Iron - nickel laterite project is being advanced in two stages under joint ventures with TVIRD:

1. DSO Joint Venture:
   • Feasibility study is near completion for a Direct Shipping Ore (DSO) project, leading, subject to economic viability and final permitting, to commencing a DSO operation in 2014.
   • Mindoro carried to production
2. Processing Joint Venture:
   • Pilot testing is underway, followed by a definitive feasibility study in 2014.
   • Mindoro carried through to completion of the study

Pan de Azucar Project: Sulphur-copper-gold Exploration Target under joint venture with TVIRD.

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Recent Updates:

• 13-Sep-16:
• 09-Sep-16:
• 29-Aug-16: