* Landmark infrastructure JV agreement in place with FMG: Provides end-to-end rail haulage and port operations ~ production to commence in early 2010 * Fast-track production strategy ~ low Capex 1.5Mtpa start-up DSO operation expanding to +3Mtpa upon commissioning of heavy haul road to Chichester * Longer-term production target of +5Mtpa planned based on rail extension and increased port capacity * Off-take agreement signed with the Australian metals trading and investment house Tennant Metals for 25% of production * Shift by steel mills to high-quality iron ore products with low impurities of the type that BC Iron will produce
