November 2015

Apart from all the whining and complaining and the down right idiotic posts on the 5C Water license and the PLS Chart Chatter i thought i would make a thread on the upcoming month bases on the ACTUAL FACTS that we have been told about not talking about a water liscense that if a poster was slapped in the face with one they wouldn't even know what it is about.

Ok so here is what we can look out for over the coming month:

1: Construction of the 120,000tpa processing facility was completed earlier this year in Perth, and the
plant is now fully installed and awaiting wet commissioning.This is anticipated to commence in
November following receipt the 5C water license.

2:Since the resumption of drilling on 12 October, a further 41 holes
have already been completed for a total of 4802m. Results have since been received for 15 Reverse
Circulation (RC) drill holes and two diamond core holes.  So another 26 assays are due in the short term

3:More drill holes at the monster
As a result of the success of the first three RC holes at the Monster Prospect, a further nine holes for 635m are planned in this area to assist with resource definition.

4: Interesting....
Pilbara intends to complete the upgrading/concentrating process on site at Pilgangoora, and will then
supply the upgraded product to end-users through SFM in China.

5: Pilbara will now work to convert these MOU’s into binding agreements over the coming months.

6: Metallurgical studies
A comprehensive metallurgical test work program is currently being designed in order to satisfy the
requirements for the Feasibility Study in delivering the flow sheet and process plant design. This test
work program will be commenced in November.

7: Feasibility  Study
Planning for the Feasibility Study has commenced by scoping the work required, identifying and engaging with
consultant groups that can undertake and deliver the relevant disciplines of the Study in a cost effective
and expeditious manner. It is envisaged to commission the relevant groups for the Study during
November.

8: Any body saying we will run out of money are idiots re: The Company continues to receive funds from the exercise of its unlisted options. From 1 October 2015 to the date of this report, the company has received a further $1,184,610 from option holders.

Im sure other posters will contribute to this thread in factual manner and show their intellectual capabilities based on "FACTS".

Kind Regards,
TTMI

PS: Im bloody more charged up then ever before due reading this quarterly