iii 400% gains

Managing Director Dr John Bishop said ?We are delighted that the Scoping Study confirms our belief
that the Mt Carbine Project, has the potential to be a viable project with a base case NPV of more than
45cents per share. Importantly, the Study has highlighted that further drilling should increase the
resource base which significantly adds to the project?s value. Icon has already identified several targets
and is seeking to expand as well as upgrade the existing resources. Meanwhile CRU has identified a
positive outlook for the tungsten price with a forecast sweet-spot at the time Mt Carbine is likely to
move into production.?

NOtwithstanding this Scoping Study there is also another Study which increases this estimation from 450% to 1500%!

Positive Scoping Study Mt Carbine http://www.iconresources.com.au/_literature_43074/Positive_Scoping_Study_Mt_Carbine

Newminer.