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NSL Consolidated Announces Phase Two Wet Plant - Process Optimisation Results Exceed Expectations

HIGHLIGHTS

- Process flow optimisation results exceed expectations, with full plant process beneficiating low grade iron ore waste from as low as 14% Fe feed up to as high as 65.3% Fe.

- Optimisation results indicate potential upside to metallurgical test work and results conducted for wet beneficiation plant previously advised to the market, resulting in an exciting commercial outlook with respect to improved sales price.

- Commencement to feed Run of Mine (ROM) material grading between 25-35% Fe into the plant in the coming week.

- Iron ore sales from wet beneficiation plant expected to commence in February.

NSL Consolidated Limited (Company, ASX:NSL, NSLO), is pleased to update the market regarding the progress of its Phase Two Wet Beneficiation Plant.


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