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NSL Consolidated Announces Sales Direct to Steel Mill Continue on Regular Basis

HIGHLIGHTS

- Recurrent business cycle established with Minera, with additional payments and dispatches occurring during the week.

- Approximately 1000 tonnes have now been delivered.

NSL Consolidated Limited (Company, ASX:NSL), wishes to update the market regarding sales of its 60/61% Fe filter cake (wet plant product).

As announced on 24th July the Company advised that sales and dispatch of product direct to Minera Steel and Power Pvt Ltd (“Minera”) had commenced. These deliveries were pursuant to an initial 5,000 tonne order of 60/61% Fe filter cake, on commercial terms similar to other orders. The exact terms remain commercial in confidence and it should be noted the 5,000 tonne order size is representative of the Indian industry norm.


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