flinders to immediately move, page-2

PROJECT DEVELOPMENT DISCUSSIONS
Flinders is immediately engaging in dialogue with third parties to move forward with development of the PIOP, the scope
of which will include:
• Infrastructure access;
• Project financing;
• Ore marketing and off-take arrangements;
• Joint Venture and Corporate proposals.
Flinders has retained Citi and Adelaide Equity Partners to assist with this resumption of third party dialogue and a full
data room has been made available to allow those interested groups to conduct due diligence as required.
Flinders’ strategic review process conducted during 2011 resulted in the Company being presented with a number of
proposals.
Flinders’ Managing Director, Gary Sutherland said:
“Although it is disappointing that MMK was not able to take steps to complete implementation of the Scheme due to
the injunction issued by the Russian court, Flinders continues to be in a strong position to capitalise on what we believe
is the most strategically located, independently held iron ore resource position in the Pilbara.
We expect that there will be strong interest and multiple options available to Flinders to deliver strong value accretive
outcomes able to underpin the PIOP development path and we will move forward quickly in crystallising that interest
into binding proposals.”
Flinders will continue to keep its shareholders updated of these outcomes.