Kevin02,There is no relationship as yet.However, MXR owns...

Kevin02,

There is no relationship as yet.

However, MXR owns Windimurra-Narndee tenements comprising of 97% ownership 5,774sq/km. WVL own a small tenement which is the continuation of Shepherds tenement. We own the other half.

The Canegrass & Shepherds tenement being so close to WVL with their production plans of Vanadium for the end of the year is an enormous bonus for MXR.

Considering MXR is waiting on its first phase of Iron Ore/Vanadium drill results for both Canegrass and Shepherds which so far is showing similar grades to WVL.

When you package that up with the Noble Group being large shareholders in both TTY and also WVL with all future Vanadium from WVL being pre-sold for the life of the mine, it stands to reason that MXR are in the box seat.

What makes it even more amazing, WVL has only mined 8klms of its 18klms Shepherds tenement and yet it regards itself as being one of the largest/lowcost producers in the world once production commences.

Now, how valuable do you think MXR's continuation of the Shepherds tenement will be considering it is the same size and expected very similar grade to WVL?

Thats why it is a sit and wait for the drill results.

Cheers markco2