Ann: Progress Report , page-2

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... SKARDON KAOLIN PROJECT UPDATE
HIGHLIGHTS:
? 20 Aircore holes, up to 20m deep planned to test the extent and quality of kaolin mineralisation
? Representative samples from drilling to be submitted for quality analysis and beneficiation studies if warranted
? Ongoing evaluation of mineral resource opportunities
INTRODUCTION
Minerals Corporation Limited (ASX:MSC) is pleased to announce that Aircore drilling will be commencing in the third quarter at the Skardon Kaolin Project, Cape York Peninsula, Queensland.
The Skardon project comprises of a granted exploration permit (EPM4068, 20% MSC), a exploration permit application (EPM18,242, 5% MSC) and two mineral development licence applications (MDL423 & MDL425, 5% MSC).
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