2013 work programme schedule

Taken from the annual report which has been released tonight.

Proposed Activities - LD 2013

- complete the pilot evaporation trial - establish harvest yield, grade and mineralogy - March 2013
- Undertake the metallurgical testwork to confirm the proposed flowsheet - mass balance parameters for the LD operation - commence Late March 2013
- Process with plant design, and preliminary estimates (+-30%) for capital and operating parameters for 200,000 and 400,000 tonnes per annum SOP plant scenarios - June 2013
- Construct access road from Parngurr to LD and install base camp - commencing late March 2013
- Conduct infill and exploration drilling to upgrade the status and dimension of the LD potash resource (JORC measure resource) - June/July 2013
- Complete onsite works required for establishment of brine supply parameters for the LD resource at the scoping study level - Hydrogeologoical survey - June to September 2013
- Construct onsite pilot evaporation ponds to establish pond seepage rates, pond construction techniques and cost parameters. Commence June/July 2013, continue through 2013
- Proceed with the baseline studies required for the Project Environmental Assessment. Liaise with respective statutory authorities in respect of environmental clearance requirements - commence March 2013, run through 2013
- Scoping study for the LD potash project - complete by September 2013
Definitive Feasibility Study - commence October 2013