plv final approval for irvine island expl

RECEIVES FINAL APPROVAL FOR IRVINE ISLAND EXPLORATION PROGRAM
23rd May 2008, Melbourne: Pluton Resources Limited (“Pluton”) (ASX:PLV) is pleased to
announce that it has received approval from the W.A. Minister for Indigenous Affairs for the
forthcoming exploration program on Irvine Island.
Approval from the Minister clears the way for Pluton to commence the exploration program.
Pluton’s Managing Director, Mr. Tony Schoer, said: “This is a terrific day for all stakeholders.
Since listing some 18 months ago management, its consultants and its joint venture partner,
Portman Iron Ore Limited, have worked tirelessly to ensure the approval of an exploration
program designed to protect the unique traditional and heritage values of Irvine Island.”
Pluton is now in a position to finalise and execute key contracts so that exploration for iron ore
may commence.
Pluton is also in the final stages of selecting and training 18 candidates from the Mayala People
to assist during the exploration program.
“It is important for the joint venture partners to provide meaningful employment opportunities for
the traditional owners of Irvine Island. We have developed a strong relationship based on trust,
and it is important that the Irvine Island project benefits the traditional owners”, said Mr Schoer.
Further updates on the commencement date and progress of the 33 diamond drill hole
exploration program will be announced in due course.
Equity in the Irvine Island Joint Venture is:
Portman Iron Ore Limited (ASX:PMM) 50%
Pluton Resources Limited 50%

Nice one Tony. Keep up the good work.