6 billion secure to pdy for port and rail, page-198

"Somewhere in all this I saw that these talks were in the making for the last 18 months. I don't remember any mention of that to shareholders during that time, and as part of their duty of continuous disclosure, maybe should have kept investors informed?"

Zero surely you jest from the quarterlys

Quarterly Activities Report
Quarter ended December 31, 2013

Padbury Mining Limited (Padbury) is pleased to present its quarterly activities report ended 31
December 2013.

PROJECT UPDATE


OAKAJEE
Padbury has continued its discussions with potential investors, construction contractors, engineering
and environmental consultants as well as key stakeholders including the Midwest community, in its
endeavours to establish the Oakajee port and rail network. It has also engaged extensively with
government as it provides the authority for the construction of any railway within the State.

During the quarter management visited Korea to hold discussions with potential EPC contractors
and investors including pension funds and government owned investment entities. Keen interest
was shown by major pension funds and government investment agencies with over $400 billion in
assets under management. These corporations indicated a preference for investing in projects
involving Korean EPC contractors. In addition, Padbury promoted the project to a number of private
investment institutions in Korea.

Management is currently working on visit programs for those EPCs which have indicated an interest
in progressing the Oakajee project.

Quarterly Activities Report
Quarter ended September 30, 2013

Padbury Mining Limited (Padbury) is pleased to present its quarterly activities report for the quarter
ended 30 September 2013.

OAKAJEE

During the last quarter Padbury has focused on the port at Oakajee and associated rail network and
a considerable number of Non Disclosure Agreements have been signed with companies interested
in taking a closer look at Padbury’s IP and to get a better understanding of its vision moving forward.

In that context it has continued to develop relationships with a number of key companies in the
areas of:
Investment
Rail operations
Port operations
Government – Federal and State
Environmental service providers
Potential construction companies
End users
Engineering design and construction service providers
Community stakeholders

The project is a major undertaking and Padbury is getting traction with a number of key entities
which have indicated a keen interest in becoming involved with the project, especially now that
OP&R has put its project on hold.

A number of discussions have also been held with parties interested from an investment perspective
from China, the Middle East, USA and Europe as well as local entities. This augers well for a
positive outcome for all companies with stranded iron ore assets in the Mid West region.

Quarterly Activities Report
Quarter ended March 31, 2013
PADBURY CONTINUES ITS COMMITMENT TO OAKAJEE
As advised in the last quarterly report, Padbury continues its to a port and rail development at
Oakajee and had been working with a number of mining companies in the region to bring this
project to fruition for the benefit of those companies, the Midwest region and its communities
through the use of the intellectual property it acquired from Yilgarn Infrastructure Ltd, the developer
of the original Chinese backed bid for the development.

Padbury are following up with the potential investors who have signed the non-disclosure
agreements.