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NSL Consolidated Announces Steel Plant JV Tangible Steps Forward

HIGHLIGHTS

- Steel plant Joint Venture takes further tangible steps forward with high level Chinese delegation committed to visit India during October.

- Chinese delegation includes China Communications Construction Company, Dalian Huarui Heavy Industry Group, China Metallurgical Group Corporation and Wei Hua.

- Delegation to visit proposed steel and pellet plant locations, NSL’s operations and other critical Andhra Pradesh infrastructure opportunities.

- Government of Andhra Pradesh committed to host delegation in support of NSL’s business strategy.

- Pellet plant prefeasibility anticipated to be completed by year end.

NSL Consolidated Limited (Company, ASX:NSL, NSLO), is pleased to announce further significant progress on the Binding Joint Venture Agreement (JVA) for the establishment of a greenfield steel making plant in Andhra Pradesh (AP).


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