Tshimpala Project Update: Civils Contract Executed

Figure 1: Force’s Operations Manager Mark Green with Shire Construction Limited’s Peter Mafense in Lilongwe.

Figure 1: Force’s Operations Manager Mark Green with Shire Construction Limited’s Peter Mafense in Lilongwe.

Force Commodities (Force or the Company) (ASX Code: 4CE) is pleased to announce that it has appointed Shire Construction Limited (Shire) as the Company’s Civils Contractor to complete civil engineering and construction works for site offices and camp establishment, infrastructure up-grades and improvements to access bridges and roads, exploration trenching work and drill pad preparations, at the high-grade lead and silver Tshimpala Project, located in the Dowa District of the Republic of Malawi (Tshimpala Project).

The agreement with Malawian based engineering and construction company, Shire, was executed by Force’s Operations Manager, Mark Green and Shire’s Managing Director Peter Malfense, at their Lilongwe Office and Depot.

Under the terms of the agreement, the civil engineering and construction services will now commence and will be provided in a number of consecutive phases and comprise:

1. Phase One Civils Works

Phase One Civil Works to include upgrades, improvements and repair of the road access to the project site to enable the heavy machinery to gain immediate access.

Phase One Civil Works will also include preparation of the drill pads for the initial 2,500m reverse circulation 150-hole drill program and completion of minor roadworks to allow access to the drill pads and to interlink all pads with one route for ease of access for the drill rig.

Work will also include major exploration trenching work and pre-stripping with a long reach excavator on both the Small Canyon and Grand Canyon Project areas to expose the high-grade lead and silver mineralisation along an approx. initial 850m for large scale sampling and subsequent development works.

2. Phase Two Civils Works

Phase Two Civil Works will include the office and project site development at the Tshimpala Project. It will include full site establishment including the civil works and fencing, construction and installation of offices and associated buildings, boreholes for water and water tanks, pumps, generator, with local housing, workshop and clinic, mess hall and diesel storage for the heavy machinery and plant and equipment.

In addition, and in parallel with the project site setup, a new road survey from the main road through to the Tshimpala Project site, and detailed proposal is to be undertaken and cost benefit analyses of the new road costing verses upgrading of the existing roadway is to be finalised.

As previously announced by the Company (refer ASX Announcement dated 23 August 2019), Shire will upon completion of the project site civils engineering and construction work, complete the site preparation for the mobile crushers and screen installation and also construction of the ROM stockpile area, ahead of the delivery of the mobile plant and equipment to site.

Commenting on the execution of the civils engineering and construction agreement with Shire, Force Commodities Managing Director Jason Brewer said:

“Force is very pleased to be working with Shire Construction and in having now signed the civils and construction agreement, that will allow us to continue to build on our momentum in country.”

“We are obviously looking at moving forward at pace with our exploration and development activities in Malawi and with the upgrading of access roads and bridges we will be able to have our initial 2,500m, 150-hole RC drilling program progress smoothly later this month.”

“The establishment of our offices and project site operations at the Tshimpala Project area along with the trenching work and associated pre-stripping really demonstrates our intent to get work done and tangible progress made.”

END

Contact:

Jason Brewer                 David Tasker            

Managing Director       Chapter One Advisors

Force Commodities Limited Tel: +61 433 112 9036

Tel: +61 (0) 8 6426 1421           Em: dtasker@chapteroneadvisors.com.au

Forward looking statements

Information included in this release constitutes forward-looking statements. Often, but not always, forward looking statements can generally be identified by the use of forward looking words such as “may”, “will”, “expect”, “intend”, “plan”, “estimate”, “anticipate”, “continue”, and “guidance”, or other similar words and may include, without limitation, statements regarding plans, strategies and objectives of management, anticipated production or construction commencement dates and expected costs or production outputs.

Forward looking statements inherently involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance and achievements to differ materially from any future results, performance or achievements. Relevant factors may include, but are not limited to, changes in commodity prices, foreign exchange fluctuations and general economic conditions, increased costs and demand for production inputs, the speculative nature of exploration and project development, including the risks of obtaining necessary licences and permits and diminishing quantities or grades of reserves, political and social risks, changes to the regulatory framework within which the company operates or may in the future operate, environmental conditions including extreme weather conditions, recruitment and retention of personnel, industrial relations issues and litigation.

Forward looking statements are based on the Company and its management’s good faith assumptions relating to the financial, market, regulatory and other relevant environments that will exist and affect the Company’s business and operations in the future. The Company does not give any assurance that the assumptions on which forward looking statements are based will prove to be correct, or that the Company’s business or operations will not be affected in any material manner by these or other factors not foreseen or foreseeable by the Company or management or beyond the Company’s control.

Although the Company attempts and has attempted to identify factors that would cause actual actions, events or results to differ materially from those disclosed in forward looking statements, there may be other factors that could cause actual results, performance, achievements or events not to be as anticipated, estimated or intended, and many events are beyond the reasonable control of the Company. Accordingly, readers are cautioned not to place undue reliance on forward looking statements. Forward looking statements in these materials speak only at the date of issue. Subject to any continuing obligations under applicable law or any relevant stock exchange listing rules, in providing this information the company does not undertake any obligation to publicly update or revise any of the forward looking statements or to advise of any change in events, conditions or circumstances on which any such statement is based.

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