Ground floor opportunity. The over 30 million tonne resource...

Ground floor opportunity.

The over 30 million tonne resource already identified from these initial results received is already sufficient for a major bauxite DSO export operation. The Company would initially look to ship approximately 5 million tonnes per year through Mourilyan Port. Based on current reported bauxite prices, an export operation of 5Mt per year of bauxite would mean revenue of between $200- 300 million per annum. The Company will focus on early development of the Project and is currently reviewing development options including potential off takers. The directors are therefore anticipating a quantum leap in the value of the Company over the coming months and are pleased that after much effort, a major milestone has been reached for the Company as it continues exploration but with lucrative near term mining and development opportunities.

Potential for massive increase in resource
Near term DSO bauxite export revenue opportunity

Breathtaking!

kind regards,
fast41.