greenlight sighted, page-10

Some announcements on funding and others should be coming soon , powerbrokers in China at the moment. I cant believe more of Dickos estimate of Lodestone hasnt been talked about. But then again im assuming the market knows best.

The Earth is Slow but George is TOO Impatient...LOL


CEO Garret Dixon
Lodestone is a very exciting prospect for us and an important part of our longer term
development strategy in the Mid-West region. Lodestone has a very similar magnetic
signature to Karara and drilling to date indicates that the eastern limb of the deposit
could be another large magnetite resource with BILLION tonne potential. The testwork
completed to date certainly indicates that the magnetite at Lodestone can produce a
very good concentrate.
Gindalbie currently holds 100% of Lodestone, however in developing the project in
the future we would in all likelihood be looking to secure a partner so that we can
retain exposure to the upside at Lodestone while focusing our resources at Karara.
Because it is located just 50 kilometres from the Karara Project, it has a great
advantage in its proximity to infrastructure and therefore the potential for an
accelerated development.