upgrades ore reserve at koolanooka

Sydney - Tuesday - May 29: (RWE Aust Business News) - Midwest
Corp (ASX:MIS) has a substantial upgrade in ore reserves and resources as
a result of recent infill drilling at the Koolanooka and Blue Hills DSO
project deposits in the mid west region of Western Australia.
The latest work has resulted in a substantial upgrade in the ore
reserve inventory to 8.4 million tonnes at an average grade of 58 per
cent iron and in the mineral resource inventory to 9.8mt.
This represents an increasee of 39 per cent on previously stated
ore reserves.
The upgrade provides a substantial basis for Midwest's proposed
expansion of hematite iron ore sales from 1mtpa to 2mtpa.
This is scheduled to occur after commencement of the transition
to open pit mining production for the Koolanooka-Blue Hills DSO project
area and completion of the new shiploader at Berth 5 in Geraldton.