Quarterly Report – 30 September 2009HIGHLIGHTSMANGANESE (WA)ANN...

Quarterly Report – 30 September 2009
HIGHLIGHTS
MANGANESE (WA)

ANN just recieved.
Proceedings are looking good some tenements getting drilled and still a strong cash position 24 million in the bank.


�� Potential for a manganese corridor extending up to 30km south and north of highgrade
MN1 prospect inferred from 2009 drilling at Table Hill (Pilbara region).
�� Targeting of prospective areas for shallow manganese based on regional GEOTEM
data significantly improved using stratigraphic control from 2009 drilling.
�� Drilling commenced at the Wolfe Project (Kimberley region) in mid-October to test
for down-dip extensions of high-grade manganese mineralisation recorded at surface.
IRON (Pilbara, WA)
�� 68% increase in the Inferred Resource at Rocklea, 40km from Tom Price, to 63.1Mt
grading 53.4% Fe (60.4% CaFe).
�� Updated resource includes a higher grade component of 28.2Mt grading 55.6% Fe
(62.7% CaFe), 6.0% SiO2, 2.3% Al2O3, 0.03% P and 11.3% LOI.
BASE METALS (NT)
�� Potential for sediment-hosted base metal deposits within the Plenty River Project
area inferred from initial drilling results at the Caroline prospect.
�� Drilling at the White Gums prospect, 60km west of Caroline, commenced in October
to test a large electromagnetic (EM)/magnetic target under cover.
CORPORATE
�� Strong cash position of approximately $24 million at the end of the Quarter.