AFGHANISTAN · ZINC-BEARING ROM

Afghan Zinc Ore

King Mining presents four analytical records covering zinc-bearing material associated with different sample, laboratory and cargo contexts. The portfolio begins with material identified in the laboratory record as originating from Bamian, followed by an independently sampled bulk cargo, an accredited laboratory analysis and a four-sample comparative assay sheet.

Reported zinc values reach 52.5%, while the location-identified Bamian sample reports 31.56% Zn. Because the sampling methods, analytical techniques and material descriptions differ, each report is presented independently for buyer review, metallurgical evaluation and lot-specific confirmation.

Zinc-01

Selected Sample

%

Zn

30 Dec 2024

Zinc-02

Selected Sample

%

Zn

09 Oct 2023

Zinc-03

Selected Sample

%

Zn

28 Nov 2023

Zinc-04

Selected Sample

%

Zn

13 Dec 2023

FOUR ANALYTICAL RECORDS

Documented Zinc Profiles

The supplied documents cover different forms of zinc-bearing material—from a location-identified Bamian sample and a dynamically sampled bulk cargo to composition testing and comparative sample results.

The reported percentages should not be averaged or treated as a single deposit grade. Commercial evaluation must be based on the specific lot offered, representative sampling and an agreed inspection protocol.

01

A Bamian material sample supported by a broad multi-element XRF screening.

02

An SGS cargo analysis reporting zinc and lead on a dry basis.

03

An accredited laboratory report combining elemental zinc measurement with FT-IR structure determination.

04

A comparative laboratory sheet showing four distinct zinc-bearing sample profiles.

01

LABORATORY ANALYSIS 01 · BAMIAN MATERIAL

Date: 30 December 2024

Report: PKS2445544

Sample: PKS2445544.001

Source Document

Extracted Result

Key Characteristics

Chemical composition
Element Symbol Unit Reported value
Sodium Na % 2.121%
Magnesium Mg % 0.2044%
Aluminium Al % 0.8844%
Silicon Si % 3.797%
Phosphorus P % 0.01379%
Sulfur S % 0.9226%
Chlorine Cl % 0.01127%
Potassium K % 0.2045%
Calcium Ca % 2.802%
Titanium Ti % 0.1402%
Vanadium V % 0.00383%
Chromium Cr % 0.00604%
Manganese Mn % 0.4707%
Iron Fe % 6.367%
Cobalt Co % <0.00030%
Nickel Ni % <0.02594%
Copper Cu % <0.00005%
Zinc Zn % 31.56%
Gallium Ga % 0.03017%
Germanium Ge % <0.00005%
Arsenic As % 0.0054%
Selenium Se % <0.00005%
Bromine Br % <0.00005%
Rubidium Rb % <0.00008%
Strontium Sr % 0.01753%
Yttrium Y % <0.00005%
Zirconium Zr % 0.00701%
Niobium Nb % <0.00010%
Molybdenum Mo % 0.00292%
Silver Ag % 0.00866%
Cadmium Cd % 0.02481%
Tin Sn % <0.00030%
Antimony Sb % <0.00030%
Tellurium Te % <0.0097%
Iodine I % <0.00030%
Cesium Cs % <0.00040%
Barium Ba % 7.569%
Lanthanum La % <0.00020%
Cerium Ce % <0.00020%
Praseodymium Pr % 0.0129%
Neodymium Nd % 0.0262%
Hafnium Hf % <0.00010%
Tantalum Ta % 0.0282%
Tungsten W % 0.0505%
Loss on ignition LOI % 42.2067%

Key Characteristics

  • The reported zinc content is equivalent to approximately 315.6 kg Zn per metric tonne of material on the same analytical basis, before metallurgical recovery and commercial payability.
  • The report provides a broad elemental screen rather than a zinc-only result.
  • Iron is reported at 6.367%, barium at 7.569%, silicon at 3.797%, calcium at 2.802% and sulfur at 0.9226%.
  • Loss on ignition is reported at 42.2067%. LOI is not the same as moisture and requires mineralogical interpretation.
  • Arsenic is reported at 0.0054% and cadmium at 0.02481%.

Potential Technical Review

  • Confirm the zinc-bearing mineral phases and determine whether the material is oxide, sulphide, carbonate or mixed ore.
  • Investigate the mineralogical source of the substantial loss on ignition.
  • Verify zinc liberation, particle-size distribution and expected processing response.
  • Conduct representative resampling, moisture testing and confirmatory analysis through an agreed independent laboratory.
  • Develop preliminary recovery and concentrate-grade projections based on metallurgical testwork.

02

LABORATORY ANALYSIS 02 · SGS PAKISTAN

Date: 09 October 2023

Report: F590201_2046628_001

Sample: 2046628_001

Source Document

Extracted Result

Key Characteristics

Chemical composition
Element Symbol Unit Reported value
Lead Pb % 6.40%
Zinc Zn % 41.26%

Key Characteristics

  • Approximately 412.6 kg Zn and 64.0 kg Pb per dry metric tonne at the reported grades.
  • The combined reported zinc and lead content is 47.66%.
  • Zinc is the dominant reported metal, with lead representing a potentially recoverable co-product.
  • SGS states that dynamic samples were collected at regular intervals and combined according to the agreed sampling plan.
  • The description of 100,000 MT was supplied by the client and should not be presented as an independently verified King Mining stock quantity.
  • The visible report page identifies the inspection location as Karachi but does not state the geological or national origin of the cargo.

Potential Technical Review

  • Identify the zinc- and lead-bearing mineral phases and their liberation behaviour.
  • Compare zinc-focused flotation with a lead pre-float followed by zinc recovery.
  • Test recovery, concentrate grade, mass pull and reagent consumption.
  • Review the remaining report pages for additional parameters, limitations and sampling details.
  • Confirm cargo provenance, ownership, current availability and chain of custody before commercial representation.

03

LABORATORY ANALYSIS 03 · OXIGEN ANALİZ

Date: 28 November 2023

Report: 2023-A-00646

Sample: AB-0953-T

Source Document

Extracted Result

Key Characteristics

Zinc and structure determination
Element or compound Symbol Unit Reported value
Zinc Zn % 52.5%
Zinc sulfate ZnSO₄ % 60%
Calcium carbonate CaCO₃ % 35%
Lithium carbonate Li₂CO₃ % 2%

Key Characteristics

  • This is the highest reported elemental zinc result among the four analytical records presented on this page.
  • The FT-IR result identifies zinc sulfate as the principal reported compound, accompanied by calcium carbonate and lithium carbonate.
  • The listed structure components total 97%; the visible result does not characterize the remaining balance.
  • The chemical profile is distinct from a conventional mine-run ROM assay and should not automatically be compared with raw zinc ore results.
  • The visible certificate does not identify Afghanistan, Bamian or another geological source.

Potential Technical Review

  • Clarify the relationship between the 52.5% elemental zinc result and the FT-IR structure percentages.
  • Confirm whether the tested material was natural ore, beneficiated material, an intermediate product or a prepared chemical mixture.
  • Obtain the complete second page and any associated sample-provenance documentation.
  • Conduct independent multi-element testing for sulfur, lead, iron, cadmium, arsenic, mercury and other commercial penalty elements.
  • Evaluate processing behaviour only after the material form and analytical basis have been confirmed.

04

LAB ANALYSIS 04 · FOUR-SAMPLE COMPARATIVE SHEET

Date: 13 December 2023

Report: zno% 21091402

Sample: 2568-1

Source Document

Extracted Result

Key Characteristics

Comparative chemical results
Element Symbol Unit Sample 01 Sample 02 Sample 03 Sample 04
Magnesium Mg % 0.0542% 0.157% 0.475% 0.413%
Nickel Ni ppm <10.00 <10.00 152.0 79.5
Cadmium Cd ppm 503.00 3355.0 136.00 181.6
Cobalt Co ppm 66.0 308.7 53.00 31.4
Manganese Mn % 0.05% 0.476% 0.357% 0.368%
Copper Cu ppm 78.8 77.5 85.2 43.4
Iron Fe % 5.51% 5.10% 5.05% 6.27%
Silver Ag ppm 803.0 306.0 <10.00 <10.00
Zinc oxide ZnO % 0.04% 0.31% 30.76% 39.24%
Zinc Zn % 13.01% 45.89% 32.56% 40.62%
Lead oxide PbO % 0.18% 0.10% 0.22% 0.25%

Key Characteristics

  • Four separate result rows are presented rather than one composite sample.
  • Reported zinc values range from 13.01% to 45.89%.
  • Samples 02 and 04 report the strongest elemental zinc values at 45.89% and 40.62%, respectively.
  • Samples 03 and 04 also report substantial zinc oxide values of 30.76% and 39.24%.
  • Cadmium varies materially between the samples and reaches 3,355 ppm in Sample 02.
  • Silver is reported at 803 ppm in Sample 01 and 306 ppm in Sample 02, but these results require independent confirmation before being treated as payable by-products.
  • The reported Zn and ZnO columns do not show a consistent stoichiometric relationship across all four rows. They should therefore be reproduced exactly as reported and not combined into a calculated total.

Potential Technical Review

  • Obtain the original laboratory identity, analytical method, sample numbers and chain-of-custody information.
  • Clarify the analytical definitions and basis of the separate Zn and ZnO columns.
  • Reassay each sample independently through an internationally recognized laboratory.
  • Confirm cadmium and silver results because of their potential commercial penalty or by-product implications.
  • Add sulfur, arsenic, mercury, moisture and full gangue analysis.
  • Conduct mineralogy and metallurgical testing before selecting an oxide, sulphide or mixed-ore processing route.

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