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Dear Jean

We appreciate your concern.

As stated in the most recent announcement we have had difficulties with our initial drill rig at the project. As such we feel that an announcement on this information in the current market would not be beneficial. You will note that in the last three months all junior iron ore explorers (and FMG in fact) have been tracking downwards - which means that we need to have some substance to any announcements.

However, the initial drill rig has now left site and we have one new drill rig operating onsite and a second arrives tomorrow. We also have imminent assay results. Expect an announcement soon. Following the next announcement we aim to provide a weekly update with drilling progress and any assay results.

Cheers