Tombador Iron Limited announced an updated JORC Mineral Resource Estimate has been completed following the 2020/2021 infill drilling program. The Mineral Resource is comprised of: 8.92Mt of high-grade DSO hematite, which the Company is currently mining, and 39.24Mt of itabirites and talus, part of which the Company is studying the suitability for beneficiating to high-grade lump product. A breakdown of the grade, tonnes and classification can be found in the tables 1 to 6 below, which reflect an increase of 12% in the estimated high-grade DSO resources relative to the prior reported resources (of 2nd October 2020). The stated resources do not include 370kt of high- grade ore produced to 31 October 2021. The successful drilling campaign focused on proving up the existing resource and its classification within the initial mining area. The orebody remains open to both the north-east and south-east which the Company expects to explore in subsequent drill programs. The Mineral Resource Estimate was performed by the external consultant group GE21. All resources reported are within the bounds of the Tombador tenement (872.431/2003). The estimate includes an update to all resource types including Hematite, High Phosphorus Hematite, Dolomitic Itabirites, Talus and Siliceous Itabirite which includes Beneficiable resources. Tombador is currently studying the amenability of beneficiating talus and itabirites which contain decimetric (10cm) bands of high-grade hematite to produce a high-grade hematite product. This material was logged following the infill drilling and is the basis for the estimate of the Beneficiable Mineral Resource. Tombador has assigned mineral rights to the itabirites that do not contain decimetric bands of high-grade hematite (60% Fe within the band) for future beneficiation as iron ore concentrate to Colomi Iron. Colomi Iron has agreed to pay Tombador a royalty for iron concentrate produced from the itabirites. Potential beneficiable itabirite material to produce high grade hematite was logged following the infill drilling and is the basis for the estimate of the Beneficiable Mineral Resource. The Beneficiable resource is a subset of the Siliceous Itabirite (ICS) resource.