Ann: Development & Site Works Update C4 High Grade DSO Iron Ore, page-16

A few interesting points from the past:

- GWR once had an offtake agreement with the 3rd largest holder HUNAN VALIN STEEL CO LTD for 5mtpa for 15 years

- From shareholder update 10/03/2009
"The Wiluna West Iron Ore Project currently hosts some 126Mt of Inferred Direct Shipping Ore (DSO) hematite ore at 59% Fe contained within two iron ore ridges, Unit B and Unit C and collectively within nine ore bodies. An independent geological potential review (ASX release “Wiluna West Iron Ore Project Target”, dated 24 September 2008) has determined that, combined with the above JORC compliant Inferred Resource, a conceptual project iron ore target of between 320 and 470Mt ranging from 56% to 59% Fe exists"