Ann: Annual Report to shareholders , page-5

Zepplin,

Re: Ironbark project - I think its an 11 billion pound resource - I don't think there has been an EPC quote released to the market as of yet.

Allmine are continuing to move forward, 2012 should be a transformational year for them. They have a forecast 2012 NPAT of $16.5 million. The current diluted market cap is $38.75 mil. PE of 2.35.

This NPAT forecast doesn't even include the impact of NFC/Arccon projects, as these projects on the whole won't impact the financials until 2013.

Cheers