Ann: New Licences for Flagship Marine Phosphate P, page-4

re: Ann: New Licences for Flagship Marine Pho... This bit is very exciting:
The joint venture’s 2009 marine sampling campaign across the project has commenced, and subject to seasonal weather conditions, Mr Woodborne expects it to be completed in the next few weeks.
Bonaparte says the joint venture is on also on track to announce by the end of March, an upgraded resource estimate comprising both Inferred and Indicated categories.
“The new estimate will include the first resource contribution from two blocks, EPL3414 and EPL3415, immediately to the west and southwest of EPL3323, plus an upgraded estimate from EPL3323’s maiden resource,” Mr Woodborne said.
“Significantly, we are undertaking additional core sampling in a section of EPL3323 to define an Indicated Resource sufficient to support the project’s transition to maiden pre-feasibility studies,” Mr Woodborne said.
“The maiden JORC inferred mineral resource of 196 million tonnes was derived from work only within average sediment thicknesses of 40 centimetres. As subsequent coring work completed to date has indicated that the mineralised sediments extend up to 1.2m thickness in places, the scope for enhanced resources is robust.”