Further assays received from initial iron ore drilling of main...

Further assays received from initial iron ore drilling of main southern hill at Mt Webber. More thick high grade low alumina intersections;

o Hole RCDW028; 52m @ 59.2% Fe, 1.2% Al2O3 from 14 metres depth, and

20m @ 58.4% Fe, 0.4% Al2O3 from 84 metres depth

o Hole RCDW029; 34m @ 60.5% Fe, 1.0% Al2O3 from surface

o Hole RCDW032; 38m @ 58.6% Fe, 1.5% Al2O3 from 10 metres depth

• Hematite-Goethite mineralisation interpreted as a flat lying enrichment zone capping the main southern hill, 400 to 500 metres wide, 450 to 700 metres long with thicknesses 30 to 70 metres.

• Mineralisation starts at or close to surface on top of large hill so very minor pre strip and waste mining required.

• Initial resource estimate and Scoping Study to be commissioned on receipt assay results for remaining 5 holes.

• Project located only 150 kilometres south of Port Hedland, potentially close enough for trucking operation to port, and also close to existing rail.