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Westland sands

Trans-Tasman Resources (TTR) Marine Heavy and Precious Metals Project - Prospecting Permit

On the 28th of July 2016 New Zealand Petroleum and Minerals have granted us a prospecting permit for 4,436kmoffshore along the West Coast of New Zealand's South Island.

The Permit extends from Ross in the south, to north of Karamea. It is located from one kilometre offshore out to the 12 nautical mile territorial limit. Previous exploration has identified a number of seafloor deposits of heavy mineral sands and precious metals in this area.

Our exploration activities will focus on developing offshore mineable resources of iron-rich mineral sands known to host ilmenite, zircon, garnet and gold.

These deposits lie in water between 20 and 80 metres deep and could be extracted using the seafloor mining technology we are currently developing for our offshore South Taranaki Bight iron sands project along the West Coast of New Zealand's North Island.

Seabed mining of this kind is well established internationally. Sophisticated environmentally sensitive processes and technologies have been developed for operations off South Africa and Namibia. Our South Taranaki Bight project has built on these mature processes and technologies to develop a New Zealand-focused operation with low environmental impact.

We will be using seafloor drilling technology, exploration, geological, engineering and permitting expertise developed for that project to assess the potential of the Westland Sands resources.

We will liaise closely with relevant authorities and all stakeholders, including the West Coast Regional Council, ensuring our activities comply with all requirements of the Resource Management Act 1991.

We are committed to ensuring that all current and future proposals by Trans-Tasman Resources to explore and extract mineral resources use world best-practice approaches, are environmentally sustainable and designed to deliver substantial economic benefits to local communities.