junior gold producer in 2008, page-14

Carbine started off with just the one project, the Red Dam prospect. This was previously owned by Allied.

It is the current resources in the West Kalgoorlie Joint Venture that is being concentrated on at the moment. These gold assets were picked up from Cazaly, who are still in a tangle over iron ore rights. There is over 600,000 ounces on these tenements and it is hoped that there can be many small scale production points that can be established. They are in a very good area, close to Kalgoorlie, and transport to nearby mills will not be a problem.

As mentioned in earlier posts, the company is re-evaluating these deposits due to the high price of gold and there is no doubt that healthy profits can be made from this small scale style of mining.

The Backflip deposit is starting to develop very nicely and we could see a much larger deposit there.

The company will have $4 Million (Approximately 7.3c per share fully diluted) in the bank after the issue and this puts it in a great position to further develop projects and seek new opportunities.

The people behind the company are big players in the industry and will no doubt produce the goods.