Ann: Market Update Progress on Wonarah Project an, page-10

re: Ann: Market Update Progress on Wonarah Pr... A couple of key points with today's EPA ann.

a) The IHP process must be pretty clean if there is no need for an addition Environmental Study. Also bodes well for the future in terms of being low environmental risk, means lower running costs, lower compliance costs and no highly sophisticated (costly) safety equipment.

b) No additional expense to be incurred for an additional impact study.

Minemakers’ Managing Director, Cliff Lawrenson commented “We are very pleased with this approval from the NT EPA as it is an important positive step in the development of the Wonarah IHP Project and removes the need for the preparation and processing of an additional Environmental Impact Statement and its associated time and cost. The Mining Management Plan assessment process by no means diminishes Minemakers’ responsibility to adhere to all the terms of approval and recommendations arising out of this process and we will develop our Mining Management Plan with diligence and respect. We salute the NT EPA for their practical and decisive approach in this matter”