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just ran the highlighter over the latest update...

Aluminium Project Update

The Aluminium Salt Slag Project, operated by wholly-owned subsidiary Alreco Pty Ltd (Alreco), continues to deliver as promised with both gross revenues and plant throughput exceeding expectations. Alreco has delivered gross revenues of $1,636,125 to 31 March over a 73 day period since production commenced, processing 6,668 tonnes of Aluminium Salt Slag and Aluminium Dross.

On 15 January 2010, Alreco acquired a business that processes Aluminium Salt Slag and Aluminium Dross. Alreco commenced upgrading the processing technology on-site immediately after settlement, and has continued to operate the existing circuit whilst upgrading the technology concurrently. The existing plant will be upgraded to the specifications of a new technology that will greatly increase the efficiency and profitability of the process.

To date, there have been no interruptions to production at the processing facility that can be attributed to the technology upgrade, and throughput tonnage has been increased since Alrecos acquisition.

Aluminium Salt Slag is a waste stream that results from the recycling of aluminium, a by-product from recyclers that has traditionally been placed in landfill. Due to
regulatory changes by the EPA, this material can no longer be disposed in landfill and this has presented a major problem for the industry. Without a viable solution
the secondary aluminium industry cannot continue to operate using the existing highly-efficient yet waste-generating processes.

Alreco has processing contracts in place with Alcoa Rolled Products Pty Ltd (Alcoa), a division of Alcoa Inc (NYSE:AA), and Sims Aliminium Pty Ltd (Sims), a
division of Sims Metal Management (ASX:SGM). With these contracts, Alreco processes all of the Aluminium Salt Slag that is produced in Australia.

Alreco is advancing a number of opportunities for overseas expansion of the business expected to commence in 2011.