The Wallmannsthal Fluorspar Mine is destined to become SepFluor’s second mining development project after Nokeng Fluorspar Mine. It has a SAMREC-compliant Resource estimate of 7.9Mt containing 45.78 CaF2 grade. It has completed a detailed Pre-Feasibility Study and has been awarded a mining right. It is anticipated to be financed through operating cash flows from the Nokeng Fluorspar Mine.

| Wallmannsthal Orebodies | ||||
|---|---|---|---|---|
| Category | Tonnes ('000) |
Contained CaF2 ('000t) |
CaF2 (%) | |
| Measured | 4 260 | 1 862 | 43.7 | |
| Indicated | 2 985 | 1 394 | 46.7 | |
| Inferred | 690 | 362 | 52.5 | |
| Total Mineral Resource | 7 935 | 3 618 | 45.8 | |
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