$$$$$$$$$
As per company presentation on GWR site
45% increase in our Inferred Resource since October
2007 to 126 million tonnes at 59% Fe.
An independent geological review has determined a
conceptual project iron ore target of between 320 million
tonnes and 470 million tonnes ranging from 56-59% Fe.
In 2008 we executed off-take agreements with Hunan
Valin Steel Company Ltd (4.5 million tonnes per annum
over 15 years) and Yijian Investment Co Ltd (0.5 million
tonnes per annum over 15 years).
We have appointed Engenium to undertake a prefeasibility
study, with study results due in May 2009.
Engenium completed a scoping study during 2008.
engenium study results due in May 2009??????????
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