$$$$$$$$$As per company presentation on GWR site45% increase in...

$$$$$$$$$

As per company presentation on GWR site
45% increase in our Inferred Resource since October
2007 to 126 million tonnes at 59% Fe.
�� An independent geological review has determined a
conceptual project iron ore target of between 320 million
tonnes and 470 million tonnes ranging from 56-59% Fe.
�� In 2008 we executed off-take agreements with Hunan
Valin Steel Company Ltd (4.5 million tonnes per annum
over 15 years) and Yijian Investment Co Ltd (0.5 million
tonnes per annum over 15 years).
�� We have appointed Engenium to undertake a prefeasibility
study, with study results due in May 2009.
Engenium completed a scoping study during 2008.


engenium study results due in May 2009??????????