* Ongoing geological mapping at Youkou confirms potential for...

* Ongoing geological mapping at Youkou confirms potential for high grade DSO mineralisation over 12 km of strike

* Initial exploration drill holes will be located along the centre of the ridge, initially along section lines spaced at 400 metres

* At this level of exploration drilling, only the hematite layers will be targeted, expected to depths of around 70 to 100m, although some deeper drill holes will be completed in order to identify iron ore beneath.

* Further geological mapping observations have confirmed the Company?s geological model and supported the potential for high grade hematite direct shipping ore, indicating over 12kms of strike with samples over 60% Fe