drilling to prove 100s of mt of iron ore

HIGHLIGHTS
• During the quarter, 8,000m of drilling on Dynasty’s Pilbara Iron Ore projects at Warramboo, Prairie Downs commenced in late August and completed on the 26th
• At Prairie Downs, drilling confirmed the presence of thick sequences of Marra Mamba Formation in the Marra Mamba Prospect, Detrital Channel Iron and Channel Iron Deposits in the Spearhole Prospect and the Northern Channel Prospect, which are all consistent with geological models October 2009
• Assay results from the Marra Mamba Prospect reported during the quarter show the presence of DSO grade material. Analysis of the Channel Iron drill cuttings is in progress
• At Prairie Downs there are substantial near-surface contiguous deposits representing several hundred million tonnes and containing concentrations of iron which may be beneficiated to competitive market grades with very low phosphorous and easy mining conditions
• The assay results will be interpreted when received and further exploration at Prairie Downs during the 2009/2010 season will be designed to gain a more detailed understanding of these prospects and the potential for development
• Exploration at Prairie Downs included collection of bulk samples from the substantial iron rich basal conglomerate with haematite clasts, referred to as the Homestead Prospect
• Warramboo results proved as expected, the presence of Channel Iron Deposits and further follow-up work is planned for the 2009/2010 season
• At a corporate level, Directors visited China and attended the two important mining conferences the 9th China International Steel and Raw Materials Conference in Qingdao City during 15th – 17th October www.ironoreconference.com and the 11th China Mining Conference in Tianjin City during 20th -22nd October www.chinaminingtj.org during which Dynasty received strong interest from various steel mills and mining giants for its iron ore projects