The management have explicitely referred to a JORC compliant resource upgrade of 100mt of magnetite bearing material before January 2008. The 300mt to 600mt target will be realized late 2009 to early 2010 IMHO. It is possible that the 300mt to 600mt has been surpassed though. There is now the possibiity of hematite direct shipping ore and also other prospects apart from Weednanna and Ultima Dam. These projects are Ironstone and Olympic Hill. The 300mt to 600mt tagret may not include DS hematite ore and the two new projects. I will seek confirmation.
wilcherry iron ...get in line, page-4
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