Ann: MARKET UPDATE BATEMAN ENGINEERING REPORT (SC, page-2

re: Ann: MARKET UPDATE BATEMAN ENGINEERING RE... Plot thickens:

? Potentially important new project for the Northern Territory particularly and Australia;

? Possible major investment for the local and national economy;

? Desktop study offers a strategically beneficial and independent review of the offshore manganese potential of the tenements;

? Focus on barging mined manganese to Maria Island;

? Anticipation of a construction labour force would be 360 people while the processing operating labour force would comprise more than 600 personnel.