Quarterly Activities Report - 31 March 2009

Posted on 28/04/2009

1. HIGHLIGHTS

John Fardy and Peelwood resource estimates and preliminary mine optimisation

 In the previous quarter a combined total John Fardy and Peelwood resource of 895,000 tonnes at 8.0% zinc equivalent was obtained. Optimization carried by Intermine Engineering Consultants indicate that respective open pits contain a combined resource of 469,000 tonnes at 5.16% zinc, 0.90% copper, 1.17% lead and 20 g/t silver are likely to occur within the respective open cuts at John Fardy and Peelwood projects.

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