The Jimblebar Range DSO Project is strategically located 8km south of BHP Billiton's Jimblebar iron ore mine, approximately 45km east-southeast of Newman. Jimblebar is one of the more advanced exploration projects within the Company's Newman group, and includes an inferred resource of 12.6 million tonnes at 57.6% Fe.

Jimblebar is located within the Archaean Jimblebar greenstone belt, an arcuate belt of felsic, mafic and ultramafic volcanics, clastic metasediments, cherts and BIF's. Iron enrichment over the banded iron formations form the basis of Jimblebar's potential as a DSO target. On the northern edge of the project area, Marra Mamba Formation strikes east-west within the Company's tenements. This is also the host of BHP Billiton's nearby Jimblebar mine.

The inferred resource at Jimblebar contains a high grade core component of 6.9 million tonnes at 60.6% Fe, demonstrating the potential of the area to host quality DSO resources. The drilling has also demonstrated low levels of contaminants, relatively shallow overburden thicknesses ranging from zero to 26m, and minimal groundwater.

Also within the Jimblebar project area, the Jimblebar CID prospect outcrops as a 3km long north-northeast striking mesa which is 75m to 150m wide. The mesa has a gentle U-shaped profile, infilled by up to 7m of iron-rich pisolite material grading up to 57% Fe. The phosphorous levels in samples from this prospect are very low, with a maximum value of 0.025% P.

In addition to its DSO potential the Jimblebar Project is also prospective for gold, copper and chromite.

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Jimblebar Range cross-section through the northern mineralised zone showing the location of the intersection 62.5m at 61.2% Fe in WRKDD004.