Independent Broker Evaluation Report, page-4

Also, fuel costs are down by 22%, port charges have been reduced by 5%, shipping costs down by 10 to 15%, add to this a highly prospective gold / copper discovery.....we are situated in a triangular area between Bodington.....Katanning....Tampa.....One of the best locations in the area.....we also have a farm in arrangement with Chalice which is looking pretty good.....we also, have proven so far another 600,000 tonnes of I.O across the road at Mt.Lindsey with only 10% of area drilled....Things so far are looking positive.