Company: ALM
Filing Date: 2025-07-11
Form Type: F-10/A
Source: 0001641172-25-018741
Chunk: 152

Company: Almonty Industries Inc.
Filing Date: 2025-07-11
Form: F-10/A
Chunk 152
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s/100
ml. In accordance with these results, water quality is classified as fourth grade for the “Living Environment” standards.
It is assumed that slash-and-burn-fields around the stream contribute substantially to total coliforms concentrations.

Strategies to prevent
degradation of the surface waters of the Project site include:

| ● | sediment settling dams to reduce                                                                      
 the volume of sediment, derived from mined and disturbed land, from entering the natural              
 river systems of the area;                                                                            |
| ● | storm water will be diverted around                                                                   
 mining operations as much as practicable, and where contact occurs with disturbed areas,              
 water will be collected, monitored and treated as appropriate;                                        |
| ● | all spills of chemicals or fuels                                                                      
 will be cleaned up immediately and contaminated areas remediated in accordance with the relevant      
 guidelines and standards; and                                                                         |
| ● | any potentially acid-forming material                                                                 
 will be blended or encapsulated in the waste rock storage facility to prevent possible contamination. |

| 2. | Groundwater |

Groundwater is expressed
as springs where there is contact between the limestone and either skarn or shale. For example, there are three springs, near the old
mine buildings where there is a limestone outcrop with a strike of approximately 300° and a dip of 80° north. Elsewhere to the
west of the site, springs occur where there is contact between limestone and shale. Flows from the springs are in the order of 2 to 20l/s.

Ground water varied
in quality. Total coliforms were above the established quality criteria. Nitrates were also found in concentrations above the South Korean
drinking water standards. Exhaustive testing for arsenic in water during 2014 was performed and concentrations were found to be well
within those for South Korean drinking water standards. Elevated nitrate concentrations are likely to be a result of the application
of nitrogenous fertilisers both for forestry and agriculture, while the heavily mineralized region around Sangdong will lead to elevated
concentrations of arsenic in ground waters.

Potential groundwater
quality impacts from Sangdong Mine activities may include contamination of groundwater by process water spillage and chemical spills
on site. Based upon a review of the water quality of the existing tailings dams, leachate from tails is expected to be of good quality.
It should be noted that Sangdong does not own or have any liability for the old tailings dams.

Mitigation strategies
to minimize impacts on groundwater