Edenville has signed an agreement with Brahma Energies commencing immediately to secure production and sales of a minimum of 4,000 tonnes of washed coal per month at the Company’s Rukwa Coal Project in Tanzania, potentially rising to a minimum 6,000 tonnes after 2 months, based on the assumptions set out below.Under the Agreement, Brahma will take on full day to day operational management and control of the Rukwa mine, including all operational costs, with ultimate oversight continuing to be provided by Edenville. Given local demand, sales are currently expected to take place to customers in Tanzania and adjoining neighbouring countries. As a result, the net target sales price for Rukwa coal delivered at the gate of the mine is currently estimated to be between USD 35-50 per washed tonne. The revenue share arrangements under the Agreement give Edenville USD 10 per tonne of washed coal sold at the minimum price of USD 35 per tonne, plus 60% of any sales revenue above USD 35 per tonne of washed coal. Brahma shall be responsible for the collection of any taxes and royalties from coal sales after month 2.Accordingly, the Brahma operational team is motivated to ensure maximum output, sales volume and sales price are achieved, leading to an efficient running of the mine as a result. Edenville management will work closely with the operator on any proposed sales contracts.Edenville will continue to manage and fund operational costs from its existing cash resources during the first two months of the Agreement, following which the Company expects Rukwa to become cashflow positive on an ongoing basis. Edenville, at its sole discretion, can also deploy additional capital to expedite production ramp up; any such capital deployed is to be repaid to Edenville before any profit share is paid. Brahma’s commitment to production of 4,000 tonnes per month is contingent on plant being in working order and any commitment above 4,000 tonnes per month is contingent on further plant improvements.Brahma are a local mine operator and commercial and logistics specialist having up to 70 transport vehicles on the roads of Tanzania. Their team is experienced in all aspects of operations, mine management and coal commercial sales. They bring with them an offtake which will enable Edenville to sell all of its production of washed coal to parties introduced by Brahma. The agreement with Brahma is for 12 months initially and can be extended by mutual agreement.