Executive Summary

Friends of Karansi holds 100% of Primary Mining Licence PML02207SMN (0.39 ha) in Merelani Block B, Tanzania – the only place in the world where gem-quality Tanzanite is commercially mined. The licence sits on the hanging wall of the main Tanzanite-hosting JW unit and also contains near-surface graphite potential. An independent geological assessment indicates conceptual resources of approximately 2.02 million tonnes of Tanzanite-bearing ore and 219,000 tonnes of graphite ore. The project is at the early development stage and seeks a technical and financial partner to fund confirmation drilling and advance the asset toward production under a suitable partnership structure. Owners seek a Joint Venture, Technical Support Agreement (TSA) or equity partnership. Partner to fund confirmation drilling and early development in exchange for an agreed interest, respecting Tanzanian PML rules. Flexible terms open for discussion. Friends of Karansi is a Tanzanian-owned company focused on the development of mineral assets in the Merelani district. The licence holder works with independent geological consultants and is supported by local advisors experienced in Tanzanian mining regulations, Primary Mining Licence structures, and partnership arrangements with international investors. The team is seeking a partner who can contribute technical expertise (drilling, mine engineering) and capital to unlock the potential of the licence. The project is currently pre-revenue and at the conceptual stage. No commercial production has taken place on the licence to date. The investment is required to fund the next phase of technical work (confirmation drilling and mine planning) that will determine the economic potential of the asset. Tanzanite is a rare gemstone found commercially in only one location worldwide – the Merelani Hills of northern Tanzania. Global supply is limited and tightly controlled within the Merelani Controlled Area. Demand is driven by the international jewellery market, particularly for high-quality blue-violet stones. In addition, the licence contains graphite mineralisation, a critical mineral used in battery anodes and industrial applications. The combination of a unique gemstone and a battery mineral in a single licence offers exposure to both the luxury gemstone market and the growing critical minerals sector.