2 major milestones reached, page-3

Cost to produce:
operating cost per lb USD$ 1.59
Total revenue AUD $250 Million based on spot price
EBIT AUD$ 90 MILLION
Project NPV @8% Discount AUD$70 MILLION


Grades as follows: Bear in mind this is stage 1

Based on Mt Watson inventory of 2.1 Mt @1.2% Cu of the existing 8 Mt resource...4-5 year stage 1 mine life
Stage 1 production of 5,500 tpa copper cathode


Joint venture with Deep Yellow Uranium explorer ...DYL have a farm in interest by spending $3,000,000 over 3 years on MRX tenements

Matrix(MRX) Deep Yellow(DYL) Joint Venture

DYL can buy RIGHTS TO 51% OF MIRANDA/LOCHNESS PROJECT (OWNED BY MRX)if they spend 3 million over 3 years, says alot about where Matrix may end up....also i read Matrix/Deep yellow JV where the rock chip samples were stagerring as they returned values up to 9640 PPM u308...this is outstanding ....it is fair to say they have some of the best prospective U tenements in Australia "potentially