dio summary... buy

DIO
Dioro Exploration NL

Diluted Shares On Issue: 680,000,000
Current Share Price: 10c
Current Market Cap: $68m

Reasons its a good buy:
* Excellent Frog's Leg Gold JV (49% owned by DIO)
* Yesterday was reccomended as a BUY from Fat Prophets
* Expected JORC upgrade late June
* Gold prices rose for the fourth straight day Tuesday
* Excellent volume and current breakout today at 10.5c
* Top 3 shareholders own 20% - LinQ, Harmony and La Mancha

Penfold Project:
AU:
* The Penfold Project contains 267,000 oz Au of JORC compliant resources in thirteen prospects
* Existing resources are yet to be reviewed or optimised at current gold prices
* All resources are within a short trucking distance to several mills in the area including Harmony’s Jubilee
* The Penfold Project contains some of the most highly prospective and richly gold endowed shears in Australia.
* Dioro plan to spend between $1.5M and $2.0M in the next 12 months on exploration at the Penfold Project.

NI
* Dioro is acquiring from Harmony a large land holding in the Kalgoorlie-Kambalda District with exceptional Ni prospectivity – historically the tenure has been held exclusively by gold focused explorers.
* The project area covers extensions of 3 major ultramafic belts, all of which contain demonstable nickel sulphide production and/or exploration potential
* Dioro is planning to review the nickel potential as very little nickel exploration has been undertaken on the project in recent times.


Frogs Leg Deposit (Mungari East Project):
* The Frog’s Leg deposit contains a resource of 865,000 ounces
grading 5.9g/t gold (excludes open pit gold production of 130,000oz)
and is open at depth below 400m and along strike to the north and
south. The current drilling program underway has the potential to
add up to 500,000 ounces to this resource inventory.
* A Dioro Frog’s Leg underground pre-feasibility study was released
to the market in June 2006 confirming a robust underground resource.
The underground study produces 2.77 million tonnes grading 5.43
g/t Au over 7.5 years for an operating surplus of up to $158.5 million
at a A$800/oz gold price.
* The partners are set to announce a resource upgrade in June and while a bankable feasibility study is not due until next quarter, they have already started to assemble mining equipment and personnel ahead of a start to production in 2008.

Pokai Project - Gold - Dioro has a 90% interest in two prospecting licences located adjacent to the Mungari East project, 27km
west of Kalgoorlie

Lake Greta Joint Venture - Gold - Dioro has a 24.5% interest (Barrick 50%, MRA 25.5%) in two tenements located west of the Frog’s Leg
deposit and 3km south along strike from the million ounce Raleigh deposit (Barrick/Tribune/Rand).

Kunderong Project - Gold and Uranium - During 2005, Dioro pegged four exploration licences (Kunderong project) in the Ashburton region of Western Australia. The tenements have subsequently been granted and are considered prospective for both gold and uranium.

Ottrey Project - Gold and Copper - During 2005, Dioro signed a deal to earn a 80% interest by spending $650,000 over a three year period
on E39/592, located 30km S of the Sunrise gold mine and 220km NNE of Kalgoorlie in the southern portion of the Laverton tectonic zone.

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Disclosure - I bought in today for 10.5c

http://www.dioro.com.au/

VERY interesting articles:
4th June - http://www.dioro.com.au/files/report/002_The_West_Australian_4_June_2007.pdf
21st May - http://www.dioro.com.au/files/report/001_The_Age_21_May_2007.pdf