Ann: Wiluna West Projects Update, page-9

WMX's Management have a terrible history we can do better without the 35% JV deal, they have wasted our time for too long. I did suggest our Management have a plan B due to WMX's history of missing targets. The Gold resource is larger than investors realise further drilling in the future will achieve this .The Iron Ore seems to be going well even FEL is trying to get a 50% part of the failed Gold Valley Iron Ore teem sheet deal with us. FEL has to give GWR $125,000 by Wednesday or Gold Valley forfeit the team sheet deal if I read it right. I don't think GWR want this FEL bale out of Gold Valley to go through as GWR has not even acknowledged FEL's announcement. Is all seems to be all steam ahead with the Iron Ore project with deals soon to be signed. FEL did announce 'Significant development work completed including resource optimisation ,pit design and mine plan'. It looks like traders are trying to drag out more shares to buy as the selling side dries up.