targeting upto 2 bill t @ 60+% fe - africa, page-39

An estimate of an initial target of 1-2 Billion tonnes of DSO haematite grading between 60% and 62% iron based on the observed and/or expected strike, width and depth of mapped high grade iron mineralisation. An estimate of grade was made on the basis of numerous XRF readings taken in the area. The target mineral inventory tonnage and grade is conceptual in nature as there has been insufficient exploration to define a Mineral Resource and it is uncertain if further exploration will result in the determination of a Mineral Resource.

3 march 2011