Ecometals Ferro do Amapa Ltda is engaged in exploration iron ore in Brazil and the east limb of the Matapi prospect is held through a joint venture company, Ecometals Ferro do Amapá Ltda. (“EIOB”), in partnership with Alto Tocantins Mineracao Ltd (ATML). The issued share capital of EIOB is 60% held by the Company and 40% by ATML.