when is next ann due, page-4

From CEO update Nov 28 available from website:

http://www.gindalbie.com.au/Investor+Relations/Presentations/default.aspx

Critical Path to Production

BFS (Karara Iron Ore Project) August 2007
• Engineering and Construction September 2007
– Hematite February 2008
– Magnetite July 2008
• Public Environmental Review Mid 2008
• Finance June 2008
• Mungada Hematite Production Q1 2009
• Karara Magnetite Production Q1 2010
• Regional exploration Ongoing

Lodestone:
The more prospective eastern side is characterised by intersections between 140 and 270 metres, weight recoveries >32%, silica grades between 3 and 8% with low phosphorus and sulphur grades.

Further results from the more prospective eastern side of the deposit are awaited. Planning of further drilling campaigns will be completed following receipt of these results over the December Quarter 2007. The drilling has confirmed the continuity of the ore body over 150 metres to 250 metres in width, 4 kilometres of strike to a depth of 250 metres vertical.