first production of heavy mineral concentrates

Friday, 28th September 2007
The Manager
Company Announcements
Australian Stock Exchange Limited

Mindarie Zircon Mine
Production Update
Construction of the Mindarie Zircon Mine is nearing completion, with total costs forecast to be
below revised budget estimates. Commissioning has begun, with production of Heavy Mineral
Concentrates proceeding satisfactorily. Production will be ramped up over coming weeks to the
designed ore throughput of 550tph. Commissioning of the Concentrate Upgrade and Mineral
Separation Plants will commence shortly. Railings will commence in October, with first
shipments scheduled for later in the month