ubs appointment - why ?, page-19

they cut a deal for Phil's Creek which is northeast of Yandi and Yandicoogina mines but it's food for thought if there was a merger on reasonable terms and it got our foot in the door...looks like they are thinking road haulage 9km to the RIO rail transfer point. We can do better than that.

taken from UMC's factsheet on their website:

"Rio Tinto has two heavy haulage iron ore railway lines within three kilometres of the prospect. The West Angelas – Hope Downs spur line traverses through the UMC tenement
adjacent to the west of the Railway Prospect. The Yandicoogina spur line passes three kilometres to the north of the Railway Prospect. These two railway lines meet at the western boundary of the UMC tenement. The Company is aware of proposals by Rio Tinto to twin the railway line from this junction point to the west. This will enable the Rio rail system to handle additional ore."