Ann: Irvine - Isthmus diamond drilling assay resu, page-8

re: Ann: Irvine - Isthmus diamond drilling as... The Phase 3 drilling program.....consisting of an additional 21 holes, was at least some news from todays report.

This is the area between Hardstaff Peninsula and Isthmus....(where the company had previously made discovers). 6 holes already completed, out of this 21 hole program, prior to the end of August.

That big a program - 21 holes...... had certainly NOT been mentioned by the company prior to today.

Company say drilling for environment and monitoring purposes...but just means I think, lets drill the area and hope for more iron ore discoveries.

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Quarterly report usually arrives a day or two prior to the end of the month.....so maybe again tomorrow, we will from the company. Progress on a deal is the key for investors

.....I think based on what we have seen elsewhere, this project will happen.....(already the proven 40mt of FE, exceeds that of Mt Gibsons combined deposits at Tallering Peak and Extension Hill ie Mt Gibson)

..... However from the point of view of any would be Asian partner, they may wish to know more about grind seperation grain size, final capital costings, use of Cockatoo Island redundant infracture and upgraded deposit sizes at Irvine Island.