Glossary Of Terms

Chlorinatable Feedstock
Material such as ilmenite or titania slag, which is suitable for pigment production using the "chloride" production route

Chloride Route
Method of upgrading titanium products using Chlorine

CIF
Cost, Insurance and Freight. Selling on a CIF basis means that the seller assumes the transportation costs

CPI
Centre for Promotion of Investment, Mozambique

DFS
Definitive Feasibility Study

EPCM
Engineering, Procurement and Construction Management

FeO
Ferrous Iron Oxide

FOB
Free on board (ship)

g/t
grams per tonne

Gneiss
Banded pressure altered rock

Greenstone
Common worldwide host for gold

HMC
Heavy Mineral Concentrate. Concentrated heavy mineral mix extracted from deposits containing ilmenite, zircon, rutile and other heavy minerals

IFZ
Industrial Free Zone

Ilmenite
Titanium-iron naturally occurring mineral

Inferred Resource
Definition of mineral deposit at low level of confidence

Indicated Resource
Definition of mineral deposit at moderate level of confidence

IRR
Internal Rate of Return

JV
Joint Venture

Laterite
Soil hardened by precipitation of iron

Leucoxene
Weathered ilmenite with a TiO2 content varying between 60% and 70%

m
metres

Metasediments
Altered sedimentary rocks

MIREME
Ministry of Mineral Resources and Energy, Mozambique

MLA
Mineral Licence Agreement

M.O.U.
Memo of Understanding

NPV
Net Present Value

P2O5
Phosphoric Oxide

PFS
Pre-Feasibility Study

Resistivity-IP
Electrical geophysical methods

Rutile
A natural mineral, theoretically containing 100% TiO2. Actual TiO2 content varies from 92% - 96%

Slag
Smelter beneficiated titanium product (85% TiO2)

Slimes
The fine silt fraction of the ore

Sulphatable Feedstock
Material such as ilmenite or titania slag which is suitable for pigment production using the "sulphate" production route

Sulphate Route
Method of upgrading titanium product using Sulphuric acid

Synthetic Rutile
Beneficiated titanium product (>90% TiO2)

THM
Total Heavy Minerals. All heavy minerals in mineral sands with specific gravity >2.9

TiO2
Titanium dioxide, occurring in a number of minerals including ilmenite, rutile and leucoxene. The main commercial application of TiO2 is as a whitening pigment.

Titanium
Titanium is mainly used to produce titanium dioxide pigment which is non-toxic, inert and imparts a brilliance and opacity. It is widely used in paints, plastics and paper. It is also used to produce titanium metal which has a high strength to weight ratio, is non-reactive and resistant to oxidation. It is used increasingly in aircraft and space craft. Because it is non-reactive, it is used extensively in surgery.

tpa
tonnes per annum

U
Uranium

Zircon
Zircon is a form of zirconium which because of heat and corrosion resistance properties, is used in chemical processing equipment, sanitary ware, refractories and electronic appliances and also in jewellery as zirconia.