sp going to fall due to ann, page-9

250 mt was the initial target and the small amount of drilling was required to confirm that. the box is ticked.
The size will come from the other drill results that havent been included in this announcement and will need further drilling for level of confidence.
277 mill tonnes will support 10 mtpa for 20 years on its own.
Those who expected 500-1000mt now were just not following the company.
40c target from shaws stock broking was not based on any more than the 250mt proved up.

cheers.
ps only 2 boxes below still to tick, from dealers and diggers presentation



 Completed high resolution  aeromagnetic survey and geological mapping
 Signed an MOU with Flinders Ports Pty Ltd for export facilities
 Completed Fa na and Flora baseline s r e s


Fauna surveys
 Progressing negotiation for an MOU on rail access

 Phase I drill‐out of Razorback Ridge to support a maiden Inferred Resource within
3 months (>12,000m)

 Initial drilling at Interzone and Iron Peak prospects to extend the mineralisation
 Metallurgical testing

g g
 Moving to a PFS by Q1 2011, aiming for a BFS by Q4 2011