1.50 2.00 2.50

High grade hematite results including 8.2m @ 69.7% Fe and 10.2m @ 67.8% Fe. This mineralisation is world class grade.

• Stage 1
Generate Early Cash Flow Stage 1 is designed to define a JORC standard reserve of at least 3 to 5 million tonnes of high grade iron ore and commence production at a rate of 500,000 to 1 million tonnes per annum to generate a cash flow to assist financing for Stage 2 operation.
• Stage 2
Confirm the Project’s potential iron ore resource.Stage 2 will involve the development of a major iron ore project of at least 160 Mt to 220 Mt, to establish an initial iron ore resource to support infrastructure requiring approximately 10 to 12 million tonnes per annum.

Dt's are gone...Potential.....