·         This project covers 1200 square km of a fossil coastline which has the potential to host a world class heavy mineral sand field (Figure 1).  

·         The area was selected by the Gunson Resources exploration team and remarkably, there is no record of previous drilling for heavy mineral sand deposits despite widespread soil anomalies.

·         Drilling since 2000 has outlined a major heavy mineral sand deposit known as Amy Zone (Figure 2) which is over 35 kilometres long, up to 3 kilometres wide and between 10-50 metres thick.

·         Gunson completed a bankable feasibility study in December 2004 showing that Amy Zone can support a high volume, low cost, long life mining operation producing quality mineral products.  It is currently the world's third largest greenfields zircon development project.

·         In May 2006, the Western Australian Environment Minister granted approval for the proposed mine, after a 3 year Public Environmental Review process.  This approval was for mining of the southern two thirds of Amy Zone and was subject to EPA approval of 15 environmental management plans.  Approval of these plans, now consolidated to 10, was given in March 2007.

·         In April 2008, a JORC compliant ore reserve of 305 million tonnes averaging 1.2% heavy minerals was announced.  This is all within the government approved area (Figure 2) and is sufficient for 17 years production at the following annual rate:

Product	Tonnes	% Revenue	Specification
Zircon	40,000	66	66% ZrO2
Ilmenite	84,000	21	62% TiO2
Rutile	9,000	9	95% TiO2
Others	10,300	4	N/A

·         Negotiations with a potential Chinese consumer and equity investor are currently in progress.

Associated Documents
Figure 1
Figure 2