Ann: Appointment of Chief Executive Officer, page-22

My understanding is that the alternative process being explored was developed in Germany which is being investigated/trialled by several Pilbara iron ore producers to wash the alumina rich clays from their iron ore. It may work on our IO and may be a better process than the traditional scrubbing of the ore, ergo cheaper. I also believe our new CEO is in Switzerland talking to new potential investors. Lots seem to be happening at the moment behind the scenes. I agree with Salty, and am very happy with the way things are progressing.