Signs market frame agreement regarding magnetite

Delta Minerals has signed a frame agreement with the Golden Kingdom Holding Ltd. to purchase the magnetite.

Golden Kingdom Holding is a Singapore based trading company in commodities. Delta Minerals has delivered material samples approved by the buyer during the second half of the year and the first delivery is under planning. Delta Minerals have in Golden Kingdom Holding a partner able to purchase and transport a large share of our products. The company is active in commodities in China, Russia and Africa.

The agreement can also be extended to sand (such as reclamation and building materials), here too Golden Kingdom approved the samples Delta Minerals supplied. Negotiations on enhanced cooperation, which also includes supply of sand is in progress.

"It is a welcome information that Golden Kingdom Holding Ltd. would like to buy magnetite from Delta Minerals as well as other products. This shows that there is a good market for our products.” says Thomas Lundgren, CEO Delta Minerals.

For further information, please contact
Hakan Gustafsson, Chairman of the Board, hakan.gustafsson@deltaminerals.se , Mobile + 46 70 00 35 268.
Thomas Lundgren, CEO, thomas.lundgren@deltaminerals.se , mobile + 46 703-97 25 24.

Facts about the company
Delta Minerals AB is a Swedish public company listed on AktieTorget with the right to carry out environmental projects in the Philippines with the support of regional/local authorities. The company's goal is to begin operations in estuaries of Northwestern Philippines for the extraction of minerals and sand.