the next alkane?, page-2

announcement out this morning...

A 8000 metre drilling program has commenced at the Hastings Project In the east Kimberley Region of Western Australia.
• A second rig is due arrive this weekend.
• The current resource is 22 Mt containing rare metals and the heavy rare earth Yttrium.
• The current program will assay for the full suite of rare metals and rare earths.
• An interim revised resource estimation expected end July 2011.
• A final revised resource estimation expected end Sept 2011.
• The Project has a potential resource of 50-150 Mt.*
• Representative samples will be collected during the drilling program for preliminary metallurgical test work.