great quarterly activities report

That was a fantastic quarterly. Highlights:


?Applications for tenements entering final stages of approval process.
?Conservative resource target of >50MT with planned DSO operation of 2-3MTPA.


Winchelsea Island

? Satellite remote sensing delineates 17km2 of highly prospective Cretaceous sediments.
? Detailed Quickbird interpretation and photography confirms Manganese outcropping with identical stratigraphy as that found on GEMCO's Groote Eylandt operations.


Groote Eylandt Offshore

? Remote sensing delineates 12km2 of manganese outcropping at intertidal zone within tenements.
? Additional 300km2 of highly prospective ground targeted directly downdip and adjacent to GEMCO's operations.