MOUNT CAUDAN IRON RESOURCE UPGRADE
Parker Range Iron Ore Project
33.6 Mt @ 56.1%Fe (61.6% CaFe)
? 70% now in Measured category
? Tighter geological control resulting in lower internal dilution and higher overall grade than June 2010 update
? Retains high Value in Use (VIU) properties - ultra-low Phosphorus content (~0.02% P)
? Potential remains to upgrade lower grade material
? Regional Project potential to be tested by extensive drill campaign in 2011
? Strong government support for key infrastructure
* Awaiting port allocation.
Ann: Mt Caudan Iron Resource Upgrade , page-2
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