future, page-39

Sourcing the Electric Arc furnace Dust (EAFD) won't be an issue, INL will have over 60K in storage by early 2009 which will look after the first two years of production, INL have signed agreements to source all the EAFD from Onesteel/Smorgon, they have also signed agreements smaller domestic providers and remember INL have a very high grade 400KT Zeehan Slag Resource which I'm sure will also be brought into production through the Residues Project.

Market is waiting to clearly be informed on whether this process works on the 35KT plant and when the first product of Zinc Sulphide or Oxide rolls out WOW INL will get the attention it deserves. To date INL have had great success at Lab and Pilot / Demo Plant levels so now it’s full scale here we come.

Market will also gain confidence from INL's Residues Project partners, if INL can snag a ASX Top 200 or International Interest it opens up a whole new market to this company. Look at CMR, they have a complex ore body and INL are smack bang in there as the market leaders in bringing that Browns Sulphide Deposit to production with an effective process.

The current Zinc / Lead production is around 50KT so yes INL have failed to get their initial target of 60KT, but INL are mining the high grade section of the tailings dam so look at INL getting close to that 60KT target this year. But it's really not all that relevant as all the revenue is wisely being spent on the R & D of the number one project the Residues Project and rightly so.

Regards