drilling update tomorrow, page-3

In the presentation.....

22 November 2007 • FDL announces Iron Ore Exploration Target on E47/882 of
between 333 and 380 million tonnes – FDL decides to change name to FMS

July 2008 • FMS purchases E47/1560 from Cazaly Resources for $1.5 m cash and
shares – later found to have an iron ore Exploration Target of between 120 and
175 million tonnes (combined 882/1560 target of 453 to 555 million tonnes)

DISCLAIMER
FLINDERS
MINES
This presentation contains
forward looking statements
that are subject to risk factors
associated with the exploration
and mining industry.
It is believed that the
expectations reflected in these
statements are reasonable,
but they may be effected by a
variety of variables which could
cause actual results or trends to
differ materially.