SUMMARY Pilbara Iron Ore Project • On the Company’s Pilbara Iron...

SUMMARY Pilbara Iron Ore Project • On the Company’s Pilbara Iron Ore tenement package, a technical review of available data has already commenced. A field crew including an experienced structural geologist will mobilise in November to begin mapping and sampling programs. Bauxite Project • United Kimberley Diamonds NL (UKD) is pleased to confirm the discovery of bauxite mineralisation in drill holes on the Company’s leases (100% UKD) in the North Kimberley region of Western Australia. • Two Project areas were drilled, Couchman Range and Grass Hill, both areas were mineralised with Grass Hill being a new discovery. • Potential for beneficiation work to increase grades. Further studies are underway. • Work has been suspended for the wet season, but a program is planned for 2007 to drill the unexplored Mitchell Plateau South Project.

I am not familiar with bauxite drilling. Are these good results?