ann next week, page-2

Hi supershot,

I agree!

Upon CFR releasing its valuation report we should draw comparisons against FMS results at Hamersley (as opposed to NSL) considering we are targeting similar grades and tonnages which are typical of the Karnataka Region.

HAMERSLEY TENEMENT E47/882 (FDL earning 100%)
• Flinders Diamonds Limited (ASX: FDL) has carried out an independent review of the iron ore potential
on its Hamersley tenement E47/882 (FDL earning 100%).
• This review has outlined an exploration target of between 325 and 390 million tonnes of iron ore
averaging 56% iron.

We can use the above as a guide for our SP targets.

Remember DYOR!

JB