Company: ALM
Filing Date: 2025-07-11
Form Type: F-10/A
Source: 0001641172-25-018741
Chunk: 151

Company: Almonty Industries Inc.
Filing Date: 2025-07-11
Form: F-10/A
Chunk 151
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/administration
office complex has now already been set up in the centre of the Sangdong village. This is an old post office which has been totally refurbished
by AKTC.

| 100 |

An on-site explosives
magazine is not required, and removes the need for additional guards and security. All mines in South Korea use a daily supply from explosives
companies, and this has proven to be reliable. This system has worked very well during the last three years of underground development
work at the Sangdong Mine.

The project will
be powered by one 22.9 KV overhead line, which was installed in 2020, and which supplies two main substations. One will be installed
in the immediate vicinity of the plant and the other at the Sangdong terrace. The substations will mainly be composed of step-down transformers
of 10 MVA (22.9/6.6 kV). One substation will supply power to the mine and non-processing plant facilities while the second will be dedicated
to providing power to the processing plant.

The Project will
require approximately 40,000 m per year of potable water, which will be supplied from the local town water supply. The site
is already connected to the Sangdong town water supply.

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| II) | Environmental Baseline 
 Studies                |

In 2011, Woulfe initiated
environmental baseline studies for the project including water sources and quality, climate, flora and fauna, air quality, noise, heritage,
land use and water quality.

As well as providing
information for the Feasibility Study, the studies provided the comprehensive environmental information required in preparing the Environmental
Impact Assessment (EIA) Report.

The proposed operations
(i.e. preferred alternatives) were selected based on technical and economic viability, as well as minimization of potential environmental
and social impacts.

| 1. | Surface Water |

Several permanent
streams run thought the site. These streams drain to Okdong Creek, which flows through the town of Sangdong. The water is generally of
good quality, based on the analytical results for “Living Environment” items (pH, biochemical oxygen demand, suspended solids
and dissolved oxygen). Water quality is classified as first grade at all sampling points except at one site where results for pH and
suspended solids exceed the standards.

However, analytical
results for total coliforms (an indicator of potential human and animal waste present in water) were high 10–22,000 total coliform