This is a great entry point, even .015 was good, but now EIO has...

This is a great entry point, even .015 was good, but now EIO has great potential

Exploration drilling program to commence in early 2011 to recover 1 billion ? 2 billion tonnes of potential iron mineralisation grading a minimum of 30% Fe

Given EIO now has a very experienced board of directors in resources and BHP, Dr Ian Burston, Mr Don Carroll and Mr Kevin Joseph, current directors of TGP

EIO is cheap at.011




KCMH is the holding company of KCM Mining Ltd (incorporated in Nigeria) which owns a
package of recently granted exploration licenses covering iron deposits in Kogi State, Nigeria. It
holds 70% of KCM Mining Ltd which own the iron ore tenements. KCMH also has the right to
acquire 100% of KEF Projects Ltd (incorporated in Nigeria) which has applied for the grant of
further iron ore tenements in Nigeria.
The licences contain magnetite in BIF and iron rich oolitic deposits with an exploration target of
1 billion ? 2 billion tonnes of potential iron mineralisation grading a minimum of 30% Fe. The
potential quantity and grade is conceptual in nature at this stage as there has been insufficient
exploration to define a Mineral Resource under the JORC Code.
The proximity of the licences to existing rail, road and power infrastructure provides potential
advantages in reduced capital expenditure and allows fast track project development.
As part of the transaction EIO will extend a loan to KCMH of $800,000. These funds will allow an
exploration drilling program to commence in early 2011.
The directors of EIO have invited Dr Ian Burston, Mr Don Carroll and Mr Kevin Joseph, current
directors of TGP, to join the EIO Board.
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