Ann: Quarterly Activities and Cash Flow Report , page-3

re: Ann: Quarterly Activities and Cash Flow R...

.....and now we got the folg. news...........


FIELD PUBLIC RELATIONS Media Release Monday May 23, 2011 New alliance formed in SA-NSW border area by iron explorers on the Braemar Iron Formation A consortium of iron ore explorers within an iron ore province west of Broken Hill and stretching across the border area of South Australia and New South Wales has formed an alliance to promote common infrastructure development for mining and to advance their common interests. Announcing today the creation of the Braemar Iron Alliance (Alliance), spokesman, Mr Andrew Woskett, identified strong alignment between a number of listed and privately owned mineral exploration companies with tenements along the extensive Braemar Iron Formation. The Formation stretches for approximately 250km from Peterborough in SA to Broken Hill in NSW.

It is rapidly emerging as potentially Australia?s next major iron ore province (Refer Figure 1). The Alliance comprises ASX-listed companies Carpentaria Exploration, Havilah Resources, Minotaur Exploration, Royal Resources and U3O8 and private companies, Sinosteel PepinNini Curnamona Management, Bonython Metals Group and Wentworth Metal Group. All are actively exploring to define iron ore deposits within the Braemar Iron Formation.......


http://wotnews.com.au/announcement/Pepinnini_Minerals_Exploration_Update/1182874/


there should be some more UP- potential.....IMO


brgds hbg55