consolidation of io sector, page-16

Hi(ohyeah76)

Was going to be starting end of 2009 early 2010 shipping 2ml tonnes per year of Haematite Detritals and Pisolite.This is at or very near surface with higher grade below.Stage two 10 to 15ml tonnes then 25 ml tonnes per year.This was to depend on tonnage shipped as to it being 40 or 60 years mine life.
At this stage if lower grade which they say can be brought up to 60%Fe pellets with the higher grade combined have about 960 million tonnes.
There is still a lot of marillana still to be drilled.
They have drilled some holes around the block and have identified some largish areas of strike.

They said they have at least 9 MOU's on their desk from interested parties.

Regards
Westcott.