Project logistics and transport management plan
including protecting the tasmanian devil

Project logistics – overview

• Venture’s Riley Project is located 120km from Burnie;
• Australia’s leading provider of bulk material handling services, Qube, has been contracted to provide road haulage and ship loading services;
• The journey from mine to port comprises 21km on a bitumen (all weather) road from the mine gate east to the Murchison Highway, and then north along the Murchison to the Port of Burnie;
• The iron ore will be hauled by truck and trailer combinations with up to 37 tonne payloads;
• The round average trip from mine gate to port is approximately 4 hours.

Transport Management Plan

The Company received approval from both the Federal Department of Agriculture, Water and Environment (DAWE) under the Environment Protection and Biodiversity Conservation Act, and the Tasmanian Environment Protection Authority (EPA) to move to a 24-hour trucking operation once operations recommence. This enables to company to:

• Match its transport operations to 24-hour mining and processing operations;
• Ensure that the mine is more resilient in the face of the fluctuations in iron ore prices that will inevitably occur over the life of the mine;
• Spaces truck movements from approximately 10 movements an hour to 5 movements an hour.