dri only part of the value, page-14

re: bhp interest in wim150 People should read the reports, seems the Zircon is separating normally. This from the June Quarterly indicating the fine grained massive Dog is being collared!!!

Cheers

Seik

EXPLORATION LICENCE 4521 – HORSHAM JOINT VENTURE
Australian Zircon, which is focused on zircon minerals, advised that a sample of non-magnetic concentrates produced by Roche MT from WIM 150 heavy mineral concentrate was processed to produce zircon and rutile / leucoxene products. The material was amenable to standard mineral sands separating techniques with recoveries of 76% of zircon in the non-magnetic feed and 70% of the TiO2 to the rutile /leucoxene products.
Australian Zircon plans to undertake air-core drilling and the excavation of an additional bulk sample of heavy mineral concentrate for further metallurgical testwork later in the year.
Austpac will independently be progressing tests on the fine ilmenite from WIM 150. Austpac has previously reported that the ERMS SR process can produce a good synthetic rutile product, but it was too fine to be commercially acceptable, and that we have been evaluating methods of pelletizing this material without adding a deleterious binding agent.
In June 2006 we completed construction of a novel fluid bed agglomerator to agglomerate fine high titanium minerals. Initial trials, which produced ideally sized “Hi-Ti” pellets, were very encouraging. Additional tests are planned during the next quarter, but when developed this new agglomeration process will provide a solution for the fine grained titanium minerals at WIM 150 and open up commercial possibilities for co-operation with other mineral sand and titanium feedstock producers.