results so far, page-16

Results of the 27 holes drilled so far are summarised below. …

* 4 were outside the targetted drill zone but still showed IO - less than 50%fe..this could be part of resource expansion...

* 2 were within the targetted drill zone but on the perimeter and showed less than 50%fe

* 1 was within the drill zone hole HRC22 and showed less 50%fe.

* 20 were within the drill zone and show greater than 50%fe.

IMO all seems to be progressing as planned. Given that some of the area aligns along the same vein as FMG the quality appears to be consistent with FMG. This is definitely a Mine-able resource and by all accounts will exceed original geologists expectations.

I also note that

1.Ten intersections reported – up to 24m at 60.3%..
2.Zone E extended by nearly 60% to 6.5sq km
3.947 assays of 4394 received back so far