i like this bit, page-4

All good news in the quarterly such as:

"The focus on drilling is producing expected results.

• Early drilling results from the Main Zone have intersected high grade mineralisation.

• The drilling results from the satellite Arruwurra Prospect are highly encouraging and have revealed a large new deposit.

• The discovery of Arruwurra opens a range of development options.

�� Scoping study progresses steadily.

�� World rock phosphate prices have risen again......

The Company is not planning to drill out the entire mineralised system but, rather, to define resources sufficient for an initial 20 year operation and to determine the priority mining areas that are likely to provide the best financial returns and least capital requirements.

At Arruwurra (Figure 3), Minemakers is very pleased with the drilling results and looks forward to completion of the independent resource estimates in the September Quarter. A further 6-10 holes are planned in the current programme so as to test further the mineralisation at the southern and eastern edges of its trend, as it has yet to be closed off by drilling.

An interim report on drilling results was released during the Quarter.

The Arruwurra results highlight the potential to add resources and project life; to provide operational flexibility, especially at the onset of mining; and to allow early savings in operating and capital costs. These will all be assessed during the current independent economic studies...."