BRAZIL –

ANDORINHAS (TROY 100% REINARDA MINERAÇÃO LTDA)


Operations at the Andorinhas mine in Brazil ceased in May 2016 and the associated plant and equipment was sold to Magellan Minerals Limited. The final payment was received in February 2017.

As required under Brazilian law, closure and clean-up of the Andorinhas sites continued during the year and rehabilitation was essentially completed to the satisfaction of the Environmental and Mines Departments. It is expected that final close down of all activities will be completed around the end of November 2017 with mainly monitoring of rehabilitation remaining as required under the closure plan.