great update

Directors buying more on market.... and 4th quarter update... looking good!!!


· Jigalong Project (near Newman, WA) – Iron, Manganese & Base Metals
o Drill testing of iron targets to start this week
o New gravity surveys in progress to generate additional iron targets
o Encouraging manganese assays reported during Quarter
o Aircore drilling approvals (targeting base metals) anticipated
o Field studies confirm additional manganese and base metals potential
· Forrestania Project (near Hyden, WA) – Nickel & Gold
o Project area increased following application for additional tenement (100%
Hannans); the western tenement boundary being 2,500m north-east
(approx) of Flying Fox – refer attached Location Plan
o Geophysical surveys and geophysical review identifies new conductors
o Aircore drilling approvals (targeting gold and base metals) anticipated
o Soil sampling results provide encouragement for prospective rock types
· Maggie Hays South (near Norseman, WA) – Copper/Molybdenum/Gold
o Heritage approvals lodged with Department of Indigenous Affairs to
conduct exploration activities on Lake Johnston
· Queen Victoria Rocks (near Coolgardie, WA) – Nickel
o Joint venture negotiations in progress
· New Projects
o Confidentiality agreements signed to assess a number of Western Australian
projects
· Investor Presentations
o Presentations made to investors in Sydney, Melbourne, Brisbane and Perth
during the Quarter.
· Cash at bank
o $3m (approx.) as at 30 June 2008