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7th June 2022

Stock Digest - Malaysia Smelting Corporation Bhd - Tin Mining Expansion

The proposed acquisition of ABSB will enable RHT to (i) construct additional tailings ponds or storage and waste rock storage on ABSB’s land, (ii) expand existing mining pit in Hulu Perak further eastward so that RHT will be able to mine additional tin resources within its own land and (iii) mine the tin resources within ABSB’s land. The proposed acquisition is expected to be completed by 3Q22.

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