Have a close look at the FMS ASX announcement dated 8 Feb 2010,...

Have a close look at the FMS ASX announcement dated 8 Feb 2010, seems likely that FMS will move into mining mode as the next logical step...

15Km over flat terrain to RIO's Railway line...

84.7Mt @ 59.33 FE in Delta which may be direct shippable product (subject to further testing)

187Mt so far in Delta @ 56.5%, more drilling to occur in Delta, I think the resource in Delta will increase further

Delta has increased by 26% from 148.1 Mt to 187.1 Mt at 56.5%
Fe. Based on a +50% iron cut-off, this consists of an
Indicated Resource of 156.6 Mt at 56.5% Fe and an
Inferred Resource of 30.5 Mt at 56.4% Fe.


Within the +50% iron cut-off resource, there is an
Indicated and Inferred Resource of 84.7 Mt at 59.3%

This has the potential, after further metallurgical deposit, to be converted into a
Direct Shipping Ore (DSO) product.

Total (Indicated & Inferred)

84.7Mt @ 59.33 FE

5.27% SIO2
3.64% AL2O3
0.09% P
5.22% LOI
0.018% S
0.48% TIO2

In-Situ Density 2.72

550Mt discovered to far in the FMS tenements, this will obviously increase with further drilling

DYOR - I am a long term holder.