Ann: Hexagon and Mineral Resources Sign McIntosh JV Agreement, page-20

Important timeline discussion details here...….it is for FULL PRODUCTION...should be able to be advanced on work up volumes.

MIN has large cash warchest...spent $6m on current drilling...consistent great results...double resource expected.

Stage 1 expected $150M and could go lower....

Stage2 product enhancement segmentation well thought out....

Av product sales above $11k per tone...

customers once ordered become very stickty..

company has ability to meet high level specification.

In the ramp up of Stage 2 the use of G provided from outside sources is possible..

this showing the companies concentration on enhanced products..

demand for specialized products is expanding rapidly...

the 99999 purity is a great winner and in this % conversion has no losses i.e. 100% product with very high extraction from core..no losses on production  for example others making spherical can loose over 50%.

Companies product meets strict specs to replace synthetic with natural.

G product for steel furnaces is so good it can lower electrical comsumption..massive quantities wanted.