For those that have not seen it yet, here is a paragraph from...

For those that have not seen it yet, here is a paragraph from the Shareholders Report issued this afternoon:


SHAREHOLDER UPDATE EL 4521 WIM 150 On 4 August 2011, Justice Corboy of the Supreme Court of Western Australia ruled that the Farm-In Agreement with Australian Zircon N.L. was not assignable, and that therefore the Sale Agreement with Astron Limited was ended. Austpac Resources NL currently holds 100% of EL4521. Under the Farm-In Agreement Australian Zircon has the right to earn an 80% interest in the WIM 150 project by completing a bankable feasibility study.