Company: ALM
Filing Date: 2025-07-11
Form Type: F-10/A
Source: 0001641172-25-018741
Chunk: 147

Company: Almonty Industries Inc.
Filing Date: 2025-07-11
Form: F-10/A
Chunk 147
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 at -400 mm,
will undergo primary crushing through a jaw crusher.

Scalping through
precision vibrating screens will control the crushed size distribution. Crushed ore will be monitored and conveyed underneath magnets
and metal detectors, to remove metallic fragments. The crushing plant is designed to process ore at rates of up to 270 dmt/h, producing
a product with a nominal P80 of 100 mm. Dust suppression and collection systems will be installed to minimize environmental impact and
maintain occupational health standards. Ultimately, crushed ore will be transported via conveyor systems to a covered coarse ore stockpile,
with a capacity of 10,000 dmt, for sustained feed to downstream operations.

| 98 |

| IV) | Grinding |

Ore from the coarse
stockpile will be reclaimed using variable-speed reclaim feeders and fed into the grinding circuit. There is a two-stage grinding configuration,
consisting of SAG mills and ball mills. SAG mill oversize material will be crushed in a cone (pebble) crusher and recirculated. Precision
controls will include belt scales and automated water addition. The particle size target will be a P80 of 65 microns to meet the scheelite
flotation criteria. Classification systems utilizing cyclones and ultrafine screens are aimed at preventing overgrinding.

| V) | Flotation |

The sulphide flotation
circuit consists of a rougher flotation stage followed by two cleaner flotation stages, designed for removal of sulphide. Initially,
ground pulp will be conditioned in a dedicated tank for about seven minutes, where Aero 3473 collector and MIBC frother will be introduced
to enhance sulphide mineral attachment to bubbles. Subsequently, the pulp will be pumped to a bank of three 30 m³ flotation cells,
configured sequentially to improve sulphide recovery. Rougher concentrate from these cells will then be pumped to the first cleaner flotation
cells (four OK1.5 cells), where additional purification occurs. The concentrate from the first cleaner will then progress to the second
cleaner flotation stage, utilizing four smaller OK0.5 flotation cells. Cleaner concentrate, after this two-stage cleaning process, will
be directed to the final tailings pump box. Inline samplers will allow continuous sampling for analytical quality control.

The scheelite rougher
flotation circuit will receive conditioned pulp following the sulphide flotation stage. The circuit consists of two sequential conditioning
tanks, each designed to provide mixing and contact time of approximately 11 minutes. The first conditioning tank adjusts pulp pH