South West Pinnacle Exploration Limited (SWPE) has got a Letter of Intent from M/s Vedanta FACOR (Ferro Alloy Corporation Ltd.), a subsidiary of Vedanta Ltd. for Exploration activities at Kalarangitta Chromite Mines, Jajpur and Katasahi Manganese Mines, Barbil in the state Odisha. The aggregate value of contract is ~INR 84,887,000 + GST as applicable. The project is a short duration project and is to be completed in 5 months.

Significant terms and conditions of order(s)/contract(s) awarded in brief: Site mobilisation to be done in 3-4 weeks, All material be supplied on FOR Mines basis, Accommodation, lodging and boarding is all included in scope of work Freight and insurance is also to account. Whether order(s) /contract(s) have been awarded by domestic/international entity: Domestic Entity. Nature of order(s) /contract(s): Exploration activities in Chromite and Manganese mines in the state of Odisha including core drilling, sample preparation and Geotech, Hydrogeological and metallurgical tests.