Ann: NBR DSO Iron Ore Project Update, page-20

Let's see... I will attempt to list what Shree has been up to:

- offloaded the Arunta joint venture for $50,000 plus shares which will total 8-10% of SOI of Metalsgrove;

- drilled at Lachland Ford towards (in my worldview of mining) scoping study completion - more drilling to follow. The recent results are good.

- teed up what will be a greenfields lithium exploration and potentially also gold tenaments at Dundas, champing at the bit for the native heritage surveys to start in June in order to have permission to sample soil and drill some.

We are all impatient (with good reason) at the delays at Nelson Bay. The inevitable can only be delayed so long. Every time the EPA stops the statutory 90 day clock on a decision by a request for information, the clock starts again once Shree submits response. I don't believe it resets. Currently, the ball is back in the EPA's court (or at least not Shree's) as Sanjay has submitted all requested paperwork at this time as best as I can tell.

Have I missed anything else important?