Please note the following of what was said in the financial reports or activities report in september about signing and how it was extended in Dec Qtr. I dont think they have enough in them these directors to do it:
SEPTEMBER 2010 QUARTERLY ACTIVITIES REPORT
Page 5 of 17
WONARAH WORK OVERVIEW
Work completed and in progress during the September Quarter is indicated in Table 1.
Table 1: Work Done and in Progress
Item Completed In
Progress
Expected
Completion
1. Resource Drilling
1.1 Arruwurra Stages 1 & 2 X
Arruwurra Resource Validation X
1.2 Main Zone Infill and Extension X
1.3 Lateral drilling ? Stage 1 X
2. Assaying
2.1 Routine X
2.2 Chemical characterisation X
3. Metallurgy
3.1 Drilling X
3.2 Main Zone Testwork X 2nd Quarter 2011**
4. Direct Shipping Ore Study X
5. Resource Estimation
5.1 QAQC Studies X
5.2 Resource modelling and estimation X
6. Environmental Studies
6.1 EIS preparation, public exhibition, review
and recommendation by NT Government
X
7. Freight Studies
7.1 Port expansion studies (Darwin Port
Corporation ? Port Master Plan)
X
8. Permitting and Land Access
8.1 Mining Agreement X 4th Quarter 2010
8.2 Grant of Mineral Lease X
8.3 Mine Management Plan X 4th Quarter 2010
9. Definitive DSO Feasibility Study X
** QEMSCAN data received. Next
DECEMBER 2010 QUARTERLY ACTIVITIES REPORT
Page 6 of 20
WONARAH WORK OVERVIEW
Work completed and in progress during the December Quarter is indicated in Table 1.
Table 1: Work Done and in Progress Item Completed In Progress Expected Completion 1. Resource Drilling 1.1 Arruwurra Stages 1 & 2 X Arruwurra Resource Validation X 1.2 Main Zone Infill and Extension X 1.3 Lateral drilling ? Stage 1 X 2. Assaying 2.1 Routine X 2.2 Chemical characterisation X 3. Metallurgy 3.1 Drilling X 3.2 Main Zone Testwork X 2nd Quarter 2011** 4. Direct Shipping Ore Study X 5. Resource Estimation 5.1 QAQC Studies X 5.2 Resource modelling and estimation X 6. Environmental Studies 6.1 EIS preparation, public exhibition, review and recommendation by NT Government X 7. Freight Studies 7.1 Port expansion studies (Darwin Port Corporation ? Port Master Plan) X 8. Permitting and Land Access 8.1 Mining Agreement X 1st Quarter 2011 8.2 Grant of Mineral Lease X 8.3 Mine Management Plan X 9. Definitive DSO Feasibility Study X 10. Financing X 2nd Quarter 2011 11. JDC Testwork X 2nd Quarter 2011 and on
** QEMSCAN data received. Next phase of testwork deferred pending completion of financing.
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