Magnum Mining and Exploration Limited provide a progress update with Magnum confirming it is on track to become a leading producer of green iron products in the USA. Magnum is well positioned to take advantage of rapidly increasing demand for high value green HBI (hot briquetted iron) and PI (pig iron) both attracting premium prices. The Company has also completed the initial mine plan and pit design for the Buena Vista Project. The work was completed by SRK Consulting, a highly respected engineering and consulting company. The mine plan covers the initial two (2) years of production at the mine and the plan will be further optimized the `dry concentrate' plant design. The Company has purchased over 104 acres of land which lies adjacent to the main railway line and interstate highway at the Buena Vista Project. This land will be developed to become the logistic hub for the stockpiling and distribution of the Company's products of iron ore, HBI and pig iron. This logistic hub will also include the stockpiling of bio-char used in the production of green iron HBI. The test work for the primary and secondary crushing and screening of mined ore has been completed as planned. This work was conducted by Hanlon Engineering Associates (a subsidiary of GR Engineering Services) with initial results confirming the iron ore at the Buena Vista Project is easily crushed and sized ready for further processing at Magnum's magnetic beneficiation plant. The Company has decided to use a `dry concentrate' process to produce the iron ore that is required as feed to the rotary kiln at the Buena Vista Project. The planned dry magnetic beneficiation plant is cost effective, an efficient setup and provides the added savings in water consumption in what is an increasingly arid region. This will further strengthen the Company's vision of being a `green iron' producer. Magnum is in the process of producing its first green sponge iron/direct-reduced iron (DRI) sample products using 100% biochar. Trial rotary kiln production of green sponge iron /DRI produced from Buena Vista iron ore is underway in China. This pilot rotary kiln test facility is one of only a few in the world that is able to take the iron ore, blend it with bio-char and produce green sponge iron /DRI products. The results from this work will allow the Company to design the optimal kiln size and feed grade of iron ore and bio-char and determine the initial Capex and Opex for a commercial sized rotary kiln. Most importantly the Company will have product to show potential customers and management is planning to commence supply discussions with customers domestically in the USA as well as in Asia.