Future Business

FUTURE BUSINESS

Chromemax International and the Chromemax group of companies will continue its drive to become a fully vertically integrated mining commodities company. While our trading arm will always be at the forefront of the business, we envisage that by the 3rd quarter of 2018 we will be exporting in excess of 100 000 tons a month of various ores, with 70 to 80% of this coming from our own production units.

In addition to the business units mentioned in this document Chromemax International has 32 active applications for chrome mining rights in South Africa, and are pursuing various opportunities in Zimbabwe, Botswana and Zambia. There is also pending rights applications for an additional 2 manganese mining rights, as well as rights applications for Lithium, Graphite, Nickel and Gold.

While we do not expect all of these rights to be approved, our past track record for success in this area fills us with confidence that we will get a sizeable portion of these rights. We have a very dynamic team of people in the group of companies and the development of new business opportunities is a very prominent feature in the corporate culture.

The growth of the company will be determined by the people in the company and the Chromemax Group is deeply invested in its people and so will ensure growth and success for the future.