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NEWS PROVIDED BY:
M2

ENP Newswire - 19 September 2011

Release date- 16092011 - Company is pleased to advise that Vale S.A. (VALE) has secured the 'rights' to Avanco's iron ore project for a further twelve months.

Compliant with the Iron Ore Agreement1, Vale has secured their rights into the second year of the Option by having advanced Avanco US$600,0002.

Having already completed the maiden drill programme the current extension facilitates Vale's further exploration which includes detailed field recognisance.

Vale has prepared a maiden resource. The Company has acknowledged that the outcome exceeds the minimum required for Vale to exercise their right to acquire the project.3


Let's hope the Maiden Resource prepared by Vale will be in the 1/4 ly due on MONDAY "show me the $40 mill"