| Cover | 1 |
| Corporate Directory | 2 |
| Project Location Map | 5 |
| Board of Directors | 6 |
| 2012/2013 Highlights | 8 |
| Chairman's Letter to Shareholders | 10 |
| Managing Director and CEO's Report | 12 |
| Overview of Operations | 14 |
| The Mbalam-Nabeba Iron Ore Project | 14 |
| Signing of the Mbalam Convention and Collective Agreement, Republic of Cameroon | 16 |
| Granting of the Nabeba Mining Permit, Republic of Congo | 18 |
| Project Development | 19 |
| Ore Reserves, Mineral Resources and Exploration Targets | 21 |
| Health, Safety, Environment and Community (HSEC) | 30 |
| People and Diversity | 37 |
| Corporate | 39 |
| Competent Persons Statement | 40 |
| Details of Tenements | 41 |
| Financial Report | 43 |
| Directors’ Report | 45 |
| Auditor's Independence Declaration | 72 |
| Corporate Governance Statement | 73 |
| Directors’ Declaration | 80 |
| Consolidated Statement of Profit or Loss and Other Comprehensive Income | 81 |
| Consolidated Statement of Financial Position | 82 |
| Consolidated Statement of Changes in Equity | 83 |
| Consolidated Statement of Cash Flows | 84 |
| Notes to the Financial Statements | 85 |
| Independent Auditor's Report | 127 |
| Additional Information | 129 |