Ann: Company Update, page-105

Will be interesting to see how much of this estimated concentrate  they can convert to Infered and Probable ,....certainly significant tonnage potential.

"..............Hawsons is the largest magnetite iron mineral resource in NSW and one of the largest resources of this type in Eastern Australia. A total Project exploration target1 of 6 to 11 billion tonnes at 14-17% DTR, containing 1,000 to 1,700  Million tonnes of concentrate, is very well supported by initial drilling which returned very similar grades and recoveries from all other magnetic anomalies in the EL’s. This has provided considerable confidence in estimating the exploration target1 (Figure 2). These additional targets suggest the Project could have a mine life of in excess of 50 years, producing high grade, low impurity iron concentrates"