MINERAL RESOURCES

COMPANY OVERVIEW

High Titanium Resources and Technology Limited (“HTL”), formerly Queensland Industrial Minerals Ltd (“QIM”), is a public company established on 31st October 2002 for developing a mineralized area known as ‘Wateranga’ under Exploration Permit Minerals (“EPM”) 13278.

The Wateranga project covers an area of approximately 8,038 hectares and is located approximately 80km southwest of Bundaberg, in south east Queensland. The focus of the current economic interest is an eluvial resource derived from weathered gabbro, which contains valuable minerals. The main focus of the project is ilmenite, but other potentially valuable minerals include feldspar , apatite, mica and zircon.

Mining Lease ML80116 of central target area has been granted in 2018, and the project is moving to production stage.

HTL develops steadily since the company established. Creating long-term shareholder value is always HTL’s priority. We commit to work in ways that are consistent with our values of integrity, performance and teamwork. HTL board members believe that as Wateranga Project will gradually move into production stage from 2021-2022 financial year, HTL will become emerging force in the industrial minerals industry, with supplying Australian and International market ample amount of high quality industrial minerals in the following 30 to 40 years. Meanwhile to accomplish HTL’s ultimate mission that is to output long-term values to shareholders, employees and local communities.

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ACTIVITY REPORT

HTL Project Update: Preparing for 2026 Commissioning (18/12/2025)

High Titanium Resources & Technology Limited (HTL) is hitting key milestones in site development and regulatory approvals to ensure a successful commissioning phase in 2026.

Regulatory Approvals: The Progressive Rehabilitation and Closure Plan (PRCP) schedule is accepted and progressing on track. The Estimated Rehabilitation Cost (ERC) application has been submitted and is awaiting assessment.

Infrastructure & Logistics: A Road Safety Audit (RSA) is currently underway, with a Road Impact Assessment (RIA) to follow to support our northern transport route. Preliminary work for the new Port Storage Facility Development Application (DA) has also been initiated.

Landholder Relations: Compensation has been partially paid.

All major tasks are advancing as planned. We remain committed to a seamless transition into operations next year.

HTL has officially lodged PRCP (Progressive Rehabilitation and
Closure Plan) application. (14/07/2025)

PRCP Progress Update (05/05/2025)

Our Progressive Rehabilitation and Closure Plan (PRCP) is advancing steadily. Key technical studies, including geochemistry, landform design, and groundwater assessments, have been completed or are underway.

We have commenced the drafting and consultation stages with relevant Queensland regulatory bodies and are preparing for formal submission. The plan remains on track for completion by the end of 2025, aligned with our broader development timeline and environmental commitments.

HTL Attends Titanium Industry Conference in Xiamen (28/01/2025)

We are excited to announce that HTL participated in the Titanium Industry Conference held in Xiamen before the end of last year. Our team had the opportunity to showcase our latest products and innovations, receiving an overwhelmingly positive response from downstream enterprises. Our product specifications were highly appreciated, demonstrating our continued commitment to providing high-quality titanium products for the industry.

We are proud of our achievements and look forward to further collaborations and partnerships within the titanium industry. Stay tuned for more updates as we continue to lead the way in high-titanium resource technology.

MARKET UPDATES

Feb 2026 Global Ilmenite Market Update (25/02/2026)

In February 2026, the global ilmenite market remained robust. Driven by surging demand from the aerospace and high-end manufacturing sectors, high-grade feedstocks are outperforming traditional grades, leading to a “structural supply-demand tightness.”

[Key Market Dynamics]

Price Performance: In the Asia-Pacific market, 46% grade ilmenite concentrate is trading between RMB 2,250 – 2,450 per tonne. Meanwhile, mainstream imported ores (primarily from African and Australian origins) maintain a CIF price of USD 380 – 430 per tonne.

High-End Demand: Persistent growth in aerospace-grade titanium—with an annual growth rate of approximately 10%—is accelerating the strategic stockpiling of premium ore.

Process Transition: The global TiO2 industry’s accelerated shift toward the “Chloride Process” is resulting in sustained tightness and higher premiums for low-impurity, high-grade ilmenite.

Cost Floor: Rising global mining operational costs and increased ESG-related investments are providing a solid support level for current market prices.

[Future Outlook]
A moderate restocking cycle is expected to emerge in Q2 2026, following the seasonal recovery of the global infrastructure and automotive sectors.

Titanium Concentrate Market Brief – China Market (23/01/2025)

This week, the titanium concentrate market in China has shown an upward trend:

1. 46% TiO₂, 100-mesh (147µm) ore: Mainstream price ~$275-$282 USD/ton
2. 47% TiO₂, 200-mesh (75µm) ore: Mainstream price ~$308-$318 USD/ton
3. 38%-42% TiO₂ titanium middlings: Mainstream price ~$198-$205 USD/ton

(Exchange rate estimated at 7.1 CNY/USD, subject to fluctuations)

Compared to the same period last week, the average price increased by ~$2.11 USD/ton, reflecting a 1.06% rise.

Market Highlights

✅ Steady Uptrend – Prices continue to rise, indicating strong demand and a stable supply outlook.
✅ Optimistic Market Sentiment – The increase in titanium concentrate prices reflects positive momentum in the sector.
✅ Favorable Conditions – Market fundamentals remain solid, supporting continued growth opportunities.

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