Royalty Management’s Ferrox commences production from Tivani Project

Royalty Management Holding Corporation announced that Ferrox Holdings Ltd., an investment holding of the Company, has confirmed the commencement of production of titanium ferrite from its Tivani operating site. Ferrox owns the rights to the high quality Tivani mining deposit located in the Limpopo Province of South Africa. Prior to commencing production, Ferrox performed extensive preparations, studies and development with more than $70 million invested into the asset’s infrastructure and processing equipment along with mine development. Through the Tivani project, Ferrox is initially focused on the production of ilmenite concentrate, titanium metal, titanium dioxide, and ferro titanium along with magnetite concentrate and pig iron, and the company has a NI 43-101 compliant resource showing 471 million tonnes of titaniferous magnetite.