update from jb

1 Bulk metallurgical testing of the tailings is now underway to confirm the optimal flowsheet to produce a mixed concentrate. Production is scheduled to start by early 2011.
2 An increased and upgraded geological model to provide a JORC-code Compliant Inferred Resource of the hard-rock mineralisation in the vicinity of the existing open cut: due late this month.
3 A state of the art X-ray ore-sorter is due on site within the next few days. This will be used to test bulk samples of Mt Carbine's extensive waste dumps. It is anticipated that the results (due October-November) will demonstrate that these can be profitably re-treated. Given positive results, processing of the dumps is scheduled to start in early 2012.
4 The geological resource will be used to update the mining and financial models used in the Scoping Study, to provide a revised and improved profitability forecast for the hard-rock mining which is scheduled to start in early 2013.
5 Expressions of interest have been received for purchase of the tailings concentrates and we are now in discussions with interested parties