re: Ann: Quarterly Activities and Cash Flow R... Please -this is...

re: Ann: Quarterly Activities and Cash Flow R... Please -this is great news - Love the "supply a significant portion of the world’s tungsten outside China part"

The Definitive Feasibility Study to redevelop the tungsten mine on King Island was finalised
during this quarter based on producing an industry-standard 65% tungsten concentrate.
This study confirms the world class, high-grade, tungsten deposit on King Island is set for
redevelopment, with a robust development plan supported by strong market fundamentals
that will generate acceptable economic returns.
The development plan is based on reopening the former Dolphin underground mine to
produce up to 350,000 tonnes of ore per annum, at an average grade of 1.04% WO3 over a
10 year mine life. Recoveries of 91% using well understood flotation techniques will see this
mine supply a significant portion of the world’s tungsten outside China.