good quarterly out

- Commencement of a Diamond Drilling Program at the Rawang Gadang Iron Ore Project.
- A one (1) for two (2) non-renounceable entitlements issue (“Entitlements Issue”) to shareholders that raised
approximately $318,000 (before expenses) through the issue of 31,800,001 new options to subscribe for fully paid ordinary shares.
- Geophysical Ground Magnetic Programs undertaken at Rawang Gadang and Kunyit iron ore projects.
- Completion of an Environmental Impact Report and an
application for Mining License at Rawang Gadang Iron Ore Project.
- Heads of Agreement signed with Grange Resources Ltd on the Inderapura Coal tenements. Under the potential JV Grange will spend A$1M on exploration over an 18 month period to earn a
50% interest.
- The signing of a “MOU” for a new Copper-Gold Project in Sumatra, Indonesia.