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JORC EQUIVALENT RESERVE ESTIMATE …

A Member of the Behre Dolbear Group Inc. 2009, Behre Dolbear International Ltd. All Rights Reserved. NMDC LTD jorc EQUIVALENT RESERVE ESTIMATE STATEMENT (BEHRE DOLBEAR PROJECT NUMBER J10-012) 21 January 2010 PREPARED BY: BEHRE DOLBEAR INTERNATIONAL LIMITED, Hydra House, 26 North Street, Ashford, Kent, TN24 8JR, United Kingdom jorc EQUIVALENT RESERVE ESTIMATE Statement January 2010 Project No. J10-012 i BEHRE DOLBEAR CONTENTS Page no. INTRODUCTION 1 SCOPE OF WORK 1 TENEMENTS GRANTED TO NMDC 1 IRON ORE TENEMENTS IN BAILADILA REGION OF CHHATTISGARH 1 IRON ORE TENEMENTS IN BELLAR-HOSPET SECTOR OF KARNATAKA 2 DIAMONDS TENEMENT AT PANNA IN MADHYA PRADESH 2 MAGNESITE ORE TENEMENT AT PANTHAL IN JAMMU & KASHMIR 2 LIMESTONE TENEMENT AT ARKI IN HIMACHALPRADESH 2 IRON ORE TENEMENTS OF NMDC 2 IRON ORE TENEMENTS GRANTED IN CHHATTISGARH (Table 1- a to f) 2 IRON ORE TENEMENTS GRANTED IN KARNATAKA (Table 2- a to b) 5 DIAMONDS TENEMENT AT PANN

JORC Equivalent Reserve Estimate Statement January 2010 Project No. J10-012 ii BEHRE DOLBEAR LIST OF TABLES Page no. TABLE-1: IRON ORE TENEMENTS IN CHHATTISGARH 1

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