Ann: JORC Code Upgrade at Wilcherry Hill , page-27

For anyone interested in more POSITIVE news regarding IFE,
here is a summary from an interview with Ian Finch from Mining News, Wed 8/9/2010 (source www.miningnews.net).

Ian Finch:

"The new resource upgrade is fundamental to completing the Wilcherry Hill mining study and reserve statement".

"What is does (is) it allows us now with confidence to go into the mining reserve and you can't have a mining reserve unless you have a high quality resource".

"The current uncertainty about the proposed MRRT will delay the DFS by about 6 weeks".

"We won't be producing this year, as we had planned, but we will be producing early next year".

Finch also said "he doesn't believe the MRRT will affect us for the first five years, at least".

"Stage 1 will produce 2 mt per annum over 3 years".

The full interview is available on the above web link.