Ann: Reconnaissance Drilling Completed , page-9

Back in early-mid 2008, they were planning Stage 4 drilling of the Yalgoo Iron Deposit to 'significantly upgrade' the existing 112.5MT JORC resource. This was put on the back burner due to finance and economic conditions so this is still to come in the future once they get some funding.

Its a shame that they didnt secure funding to commence work on the feasibility studies as they would be nearing completion of the D.E.S. by now. There hasnt really been anything to report on negotiations for quite a while, hopefully they are still in the pipeline.