here is the announcement

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FLINDERS MINES - HAMERSLEY PROJECT
EXTRAORDINARY GENERAL MEETING - 16 APRIL 2008
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FLINDERS
MINES
FLINDERS MINES
IRON ORE UPDATE
Kevin Wills - Managing Director
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FLINDERS MINES - HAMERSLEY PROJECT
EXTRAORDINARY GENERAL MEETING - 16 APRIL 2008
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DISCLAIMER
This presentation contains forward
looking statements that are subject
to risk factors associated with the
exploration and mining industry.
It is believed that the expectations
reflected in these statements
are reasonable, but they may be
effected by a variety of variables
which could cause actual results
or trends to differ materially.
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FLINDERS MINES - HAMERSLEY PROJECT
EXTRAORDINARY GENERAL MEETING - 16 APRIL 2008
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CAPITAL STRUCTURE/RECENT TRADING
Shares on issue 1,084 million at 15.4.2008
Listed options on issue 382 million at 15.4.2008
exercisable at 10 cents before 29/9/2008 ($38.2 million)
Recent Trading (past 3 months)
Shares 7.4-14 cents
Market capitalisation $80-152 million
Top 5 shareholders million
Citicorp Nominees Pty Ltd 27.0
Merrill Lynch (Aust) Nominees P/L 23.4
Algebraic Pty Ltd 17.6
RMK Super Pty Ltd 16.2
National Nominees Limited 14.4
(9.1%) 98.6
Share price performance and volume
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FLINDERS MINES - HAMERSLEY PROJECT
EXTRAORDINARY GENERAL MEETING - 16 APRIL 2008
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CASH AND USE OF FUNDS
Sources $ Million
Current cash 2.8
Placement 11.0
SPP 0.8
Total cash post offer 14.6
Uses $ Million
Drilling and scoping of Hamersley Project 8.0
Ongoing diamond exploration 6.0
Working capital 0.6
Total 14.6
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FLINDERS MINES - HAMERSLEY PROJECT
EXTRAORDINARY GENERAL MEETING - 16 APRIL 2008

PILBARA INFRASTRUCTURE
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FLINDERS MINES - HAMERSLEY PROJECT
EXTRAORDINARY GENERAL MEETING - 16 APRIL 2008
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KEY HIGHLIGHTS
JANUARY 2008
• Hamersley project a JV between FDL and Prenti Exploration Pty Ltd (May
2003). FDL bought 50% for $50,000 cash. FDL now earning 100%
equity and Prenti retaining a 5% net profit royalty
• FDL agrees with FMG (March 2005) to swap commodity rights on
Hamersley project tenements with FMG taking iron ore rights (1% FOB
royalty) and FDL taking diamond rights (no royalty) – E47/882 not
included
• Plus 325 Mt iron ore target defined close to FMG’s 1.7 Bt Solomon
Project Area and Rio Tinto’s 0.9 Bt Caliwingina North deposit
• FDL decides to Change Name to Flinders Mines Limited and commence
iron ore exploration – diamond exploration to continue as a secondary
activity
• Decision to drill out iron ore target to JORC inferred resource status by Q4,
2008 – at budgeted cost of $8 million
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FLINDERS MINES - HAMERSLEY PROJECT
EXTRAORDINARY GENERAL MEETING - 16 APRIL 2008
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FLINDER’S DIAMOND EXPLORATION
Flinders Diamonds has embarked upon new diamond exploration on
the highly prospective Gawler Craton where the Craton is thickest
and more prospective for diamonds.
The Gawler Craton program will use experience from Flinders
Ranges with airborne magnetics, to locate kimberlites under shallow
sedimentary cover.
Within the Gawler Craton well over 60 additional targets with
kimberlite type magnetic signatures have been identified.
In the Flinders Ranges a recent helimag survey has identified 18
new kimberlites during the year – three being diamondiferous. This
brings the total kimberlites found to well over 110 in the last few
years, of which 25% are diamond bearing.
New helimag surveys over the northern Flinders Ranges have
identified magnetic anomalies indicative of kimberlite type bodies.
On Flinders Island the integration of REPTEM survey data, with very
abundant diamond indicator results within Tertiary sedimentary cover
is being used to generate new drill targets for buried kimberlites.
The Budget for 2008 is AUD $3million, with another AUD $3million
proposed for 2009 which includes using a DMS (Dense Media
Flinders Diamonds project areas Separation) plant to test kimberlites.
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FLINDERS MINES - HAMERSLEY PROJECT
EXTRAORDINARY GENERAL MEETING - 16 APRIL 2008
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FDL Tenements - iron ore & diamonds 100% FDL-Prenti FMG Prospects
FDL Tenements - FMG 100% iron ore, FDL iron ore royalty, FDL 100% diamonds
FMG Tenements - FMG 100% iron ore, FDL 100% diamonds, no royalties
RIO Calinwingina North Resource
FDL = Flinder Diamonds Limited FMG = Fortescue Metals Group Limited RIO = Rio Tinto Limited
RIO Tenement Area
FMG Proposed "Kennedy Railway Spur"
RIO existing Tom Price to Dampier Railway
IRON ORE RESOURCES NEAR FLINDERS DIAMONDS
HAMERSLEY PROJECT E47/882
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FLINDERS MINES - HAMERSLEY PROJECT
EXTRAORDINARY GENERAL MEETING - 16 APRIL 2008
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OCTOBER VISIT TO SOLOMON
Exploration managers from FDL and FMG, John Ceplecha and Stuart Robinson examining drill cuttings
from a hole in E47/1306 - 17 October 2007.
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FLINDERS MINES - HAMERSLEY PROJECT
EXTRAORDINARY GENERAL MEETING - 16 APRIL 2008
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E47/1306 - FORTESCUE SOLOMON PROJECT
THICKNESS OF CHANNEL IRON DEPOSITS
E47/882 FDL 100%
E47/1306 FMG 100% iron ore rights Royalty to FDL
X-section Line 57
FMG camp
Courtesy of Fortescue Metals Group
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FLINDERS MINES - HAMERSLEY PROJECT
EXTRAORDINARY GENERAL MEETING - 16 APRIL 2008
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E47/1306 - FORTESCUE’S SOLOMON PROJECT
VALLEY CONTAINING CID DEPOSITS
Looking northwest along the valley with CID iron ore in the southeast corner of E47/1306.
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FLINDERS MINES - HAMERSLEY PROJECT
EXTRAORDINARY GENERAL MEETING - 16 APRIL 2008
Average grade of mineralised envelope 56%Fe, 7.3%Si02, 3.8%Al203, 0.08%P205, 8.1%L0I
SM0052
SM0053
SM0055
SM0051
SM0056
SM0059
SM0057
SM0058
SM0060
SM0061
N
E47/1306 - FORTESCUE’S SOLOMON PROJECT
CID CROSS SECTION
After Fortescue Metals Group
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FLINDERS MINES - HAMERSLEY PROJECT
EXTRAORDINARY GENERAL MEETING - 16 APRIL 2008

Exploration licence
Potential DID
Potential CID
FMG Inferred Resource
Phase 1 CID drill traverse
CID = Channel Iron Deposit DID = Detrital Iron Deposit
222000000'
222555555'
333000000'
ESTIMATE OF IRON ORE TONNAGE
BY DR RICHARD RUSSELL
Area Million tonnes
CID Canga
A 63 16
B 27 9
C 115 8.5
D 72 14.5
E 63 2
Total 340 50 390 million tonnes
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FLINDERS MINES - HAMERSLEY PROJECT
EXTRAORDINARY GENERAL MEETING - 16 APRIL 2008
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GOOGLE EARTH VIEW LOOKING NORTH OF
AREAS A-E
Area A Area B Area C
Area D
Area E
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FLINDERS MINES - HAMERSLEY PROJECT
EXTRAORDINARY GENERAL MEETING - 16 APRIL 2008
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CONSULTANT’S CURRENT REVIEW
DR RICHARD RUSSELL
• New air photo mapping complete
• Mapping gives more detail on CID and DID systems
• DID systems are generally smaller and thinner than
previously thought
• CID areas slightly larger and more complex than
previously thought
• Exposed CID in river bank in Area A
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FLINDERS MINES - HAMERSLEY PROJECT
EXTRAORDINARY GENERAL MEETING - 16 APRIL 2008
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PROPOSED COMPANY STRUCTURE
Flinders Mines Limited
Flinders Iron Pty Ltd Flinders Diamonds Pty Ltd
Hamersley Iron Project Flinders Ranges Project
Gawler Craton Project
Change the name of the holding company to
Flinders Mines Limited
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FLINDERS MINES - HAMERSLEY PROJECT
EXTRAORDINARY GENERAL MEETING - 16 APRIL 2008
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HAMERSLY IRON ORE PROGRAM 2008
2008 Q1 Q2 Q3 Q4
Mines Dept Work Program
Resource target definition
Aboriginal Heritage Surveys
Infrastructure setup
Drilling - Phase 1 Resource outline
Drilling - Phase 2 Infill along lines
Drilling - Phase 3 Infill between lines
Resource estimate
Future project definition
250 RC holes
20,000 metres
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FLINDERS MINES - HAMERSLEY PROJECT
EXTRAORDINARY GENERAL MEETING - 16 APRIL 2008
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SCOPING BUDGET
2008 Q1 $ Q2 $ Q3 $ Q4 $
Heritage surveys & technical studies 350,000
Infrastructure - Track access
Infrastructure - Camp
350,000
350,000
Personnel 100,000 400,000 400,000 400,000
Drilling - Phase 1
Drilling - Phase 2
Drilling - Phase 3
1,300,000
800,000
500,000 300,000
Assays/logistics 50,000 300,000 300,000 200,000
Sub total 500,000 2,700,000 2,000,000 900,000
Sub total $6,100,000
Contingency for extra drilling $1,900,000
Total $8,000,000
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FLINDERS MINES - HAMERSLEY PROJECT
EXTRAORDINARY GENERAL MEETING - 16 APRIL 2008
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2008 IRON ORE PROGRAM MILESTONES
• Q1/Q2 2008 – Heritage/work program approvals
– Construct and equip field camp and access
• Q2 2008 – Carry out Phase 1 drilling/assaying/
reporting
• Q3 2008 – Carry out Phases 2 & 3 drilling/assaying/
reporting
• Q4 2008 – Report inferred resource/consider future
direction
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FLINDERS MINES - HAMERSLEY PROJECT
EXTRAORDINARY GENERAL MEETING - 16 APRIL 2008
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PROPOSED AND SURVEYED CAMPSITE
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FLINDERS MINES - HAMERSLEY PROJECT
EXTRAORDINARY GENERAL MEETING - 16 APRIL 2008
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LOOKING NORTH ACROSS CID VALLEY - AREA E
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FLINDERS MINES - HAMERSLEY PROJECT
EXTRAORDINARY GENERAL MEETING - 16 APRIL 2008
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NORTHERN NEIGHBOURS - ROBE IRON, PREPARING
DRILL PAD ADJACENT TO AREA B
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FLINDERS MINES - HAMERSLEY PROJECT
EXTRAORDINARY GENERAL MEETING - 16 APRIL 2008
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BOX CANYONS IN HEADWATER OF AREA C AND E
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FLINDERS MINES - HAMERSLEY PROJECT
EXTRAORDINARY GENERAL MEETING - 16 APRIL 2008
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DETRITAL IRON DEPOSITS (DID)
IN HEADWATERS OF VALLEY - AREA D