HAW 6.90% 5.4¢ hawthorn resources limited

May I say, in addition to the stake in HAW and the 60% stake in...

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    May I say, in addition to the stake in HAW and the 60% stake in Mt Bevan project, LCY was funded by the Chinese steel mill associates to explore the Mt Bevan. LCY has the obligation on this. It is LCY best interest to start the drilling. They announced in November that approval and rig contract was in place for the drilling to start early in the New Year. Yilgarn region appears to be the next iron ore development with only less than 200km of rail in frastructure needed and this is for many players including the $1billion market cap JMS. If we look at JMS activities, they are very upbeat to fast track their iron ores which is next to Mt Bevan and shares the same quality.
 
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