announcement - mbalam briefing, page-4

With a resource base capable of positioning Sundance as a top-10 iron ore producer globally, and major industry groups needing to ensure long-term security and diversity of supply ? as well as to reduce their reliance on the ?big three? global miners ? a number of industry heavyweights are closely engaged with us. Add to this the fact that Sundance will achieve first-mover advantage in a regional iron ore province which we believe has one of the world?s largest endowments of iron ore, and we have a very compelling proposition for potential participants needing long term security of supply.
In recent weeks, we?ve travelled extensively to meet with a number of the major steel mills and discuss sales contracts and potential joint venture arrangements. It was during these visits that we met and engaged with China Harbour Engineering Company Ltd and CRCC China-Africa Construction Limited. The groups we are talking to have responded very well to the new Board and I am pleased to say these visits have reinforced the strong level of interest in the project and resulted in significant progress. I hope to report further positive outcomes on