midwest proceeds to pre feasibility

Sydney - Monday - April 23: (RWE Australian Business News) -
Midwest Corporation Limited (MIS) will proceed to the Pre-Feasibility
Study for its Weld Range hematite project based on the positive
outcome of the recently concluded Scoping Study.
Based on those encouraging results, Midwest, in conjunction with
its joint venture partner Sinosteel Corporation, will undertake further
exploration drilling and a Pre-Feasibility Study on the Weld
Range project.
Midwest has approved a budget of $41.54 million to complete all
studies to the completion of a Bankable Feasibility Study of which the
first $17 million will be paid by Sinosteel Corporation.