A 5,000m (91 hole) drilling programme was carried out at the...

A 5,000m (91 hole) drilling programme was carried out at the Company??s 100% owned
Oakover Project, designed to follow up previous encouraging manganese intersections.
Preliminary assay results from the first four holes indicate extensive manganese (Mn)
mineralisation with best results being 7m @ 21.71% Mn including 5m @ 24.62% Mn, 5m @
18.05% Mn including 1m @ 27.84% Mn and 2m @ 17.78% Mn including 1m @ 21.17% Mn.
?X A 2,000m RC drilling programme was completed at the Company??s 100% owned Ethel
Creek Project, designed to test strike extensions of the previously identified anomalous
Mn in a palaeochannel, and conductors delineated by a VTEM survey carried out in
October 2010. Assay results are awaited.
?X A 900m RC drilling programme was completed at the Company??s Brilliant Well Project,
designed to follow up previously identified anomalous gold and base metal results.
?X Encouraging nickel and cobalt intersections reported from drilling results at the Balla
Yule Project
?X Caranbirini Project Area substantially increased with two additional tenements granted.
VTEM survey delineates large conductor.