On 13 October 2020, following detailed engineering and project works completed by Tigers Realm Coal (TIG) (Company) during the course of 2020, TIG signed a GBP 5.5 million contract for the supply of a modular 150 tph Coal Handling and Preparation Plant (CHPP) with UK based Derek Parnaby Cyclones International Limited (DPCI) (the Contract). DPCI has several decades of experience in international projects, including extensive experience in Russia where it has supplied several CHPP modules for coal producers in the Kuzbass region. TIG will install this CHPP in fulfilment of the next stage of its development strategy as this was communicated to shareholders in 2017. The modular CHPP concept was chosen with the help of leading international coal preparation experts, taking into account the location and climate conditions of TIG's operations with the various processing elements designed to optimize yield and product quality on the run-of-mine coal material. The selected technology is readily scalable by adding further modules when more production is required. TIG has separately engaged a leading Russian engineering firm for the civil works necessary to support the CHPP. The purchase of the process ready modules (meaning equipment will come in ready-to-assemble container-sized elements) will allow for rapid assembly and commissioning of the CHPP, with the Company targeting first washed coal production as early as 2021. Once operational, the CHPP will enable TIG to bring its product mix up to 80% metallurgical and 20% thermal coal (from current split of 70% thermal and 30% metallurgical coal). TIG plans to market the plant's output of semi-hard coking coal (SHCC) in the North East Asian coking coal markets where the Company is seeing positive price support.