ann out 600mt high grade iron, page-2

The current total IOH JORC Resource inventory stands at
593.3Mt.
?h Resource increased by more than 800% in Bungaroo South
Eastern Area from 14.8Mt to 144.4Mt.
?h Total Bungaroo South resource has increased by 116% to
241.6Mt @ 57.2% Fe. This includes 193.2Mt of high grade
resource at 58.1% Fe.
?h Thick high grade intersections including:
o 82m @ 58.94%Fe (Hole BH136)
o 92m @ 58.25%Fe (Hole BH149)
o 60m @ 58.58%Fe (Hole BH156)
o 70m @ 60.01% Fe (Hole BH176)
o 76m @ 58.96% Fe (Hole BH177)
o 68m @ 58.87% Fe (Hole BH178)
?h Diamond drilling continues on site at Eastern Area.
?h Drill testing of additional targets using HeliRig was completed at
Mesa J Southwest and is continuing at Snake Valley.
?h Bungaroo South is located 35kms from the Robe River Mesa J
Mine and 50km from the proposed rail to Port Anketell.