Gindalbie Metals is a publicly-listed Western Australian iron ore company, focused on the development of the A$1 billion Karara Project in the State's Mid West region in joint venture with China's second largest steel producer, Anshan Iron & Steel Group Corporation (AnSteel) - one of the world's fastest growing steel companies.

Gindalbie's vision is to become a leading integrated supplier of iron products by the end of this decade - delivering high-quality hematite ore, high-grade magnetite concentrate and blast furnace quality pellets to world markets, in particular the rapidly expanding Chinese steel industry.

The Karara Project will initially produce 10 million tonnes per annum (mtpa) of iron products, with hematite production commencing in 2008 followed by production of high-grade magnetite concentrate and pellets from 2010. Hematite production will commence at 2mtpa in 2008, increasing to 4mtpa from 2010, while concentrate and pellet production totalling 4mtpa will commence in 2010.

The magnetite concentrate is expected to grade 68.8% Fe, making Karara one of the highest grade iron ore projects in Australia. Because of the quality and size of the Karara magnetite deposit, together with the significant exploration potential for additional hematite and magnetite resources, the mine life of the Karara Project is conservatively estimated at well in excess of 40 years.

The Karara Project development will involve significant bilateral investment, involving development mining and processing infrastructure in Western Australia as well as an investment of some construction of the Karara Pellet Plant as part of the Magnetite Project, which will be constructed new steel mill being developed by AnSteel in the port city of Yingkou, in north-east China.

Precious Metals Australia Limited ("PMA") is an Australian ferro-alloys company based in Perth. PMA's focus is the redevelopment of its 100%-owned Windimurra Vanadium Mine, located 600km north-east of Perth in Western Australia's Mid West region.

PMA has a strategic alliance and off-take agreement with leading global supply chain manager, Hong Kong-based Noble Group Limited, which has agreed to purchase the total vanadium output of the Windimurra mine, at prevailing market prices. During the first 7 years of production, Noble will pay the greater of market price or the cash cost of producing vanadium at Windimurra, providing a solid price floor for the project.

Originally discovered by PMA in 1985, Windimurra contains the largest reported vanadium Proven Ore Reserve in the world with current mineable reserves of 56 million tonnes at a bulk grade of 0.46% V2O5 (vanadium pentoxide), which will underpin an initial mine life of 16 years at the proposed mining rate of 3.4mtpa. A total of 148 million tonnes of resources have been modelled in order to meet at least the first 20 years of mining.

The current reserve/resource inventory is contained within just 5km of a total 25km strike length of a prospective ore horizon, with significant potential to increase production and/or extend the mine life in future.

The Windimurra mine was built by PMA with a joint venture partner in 1999, and, whilst operating, was the world's largest primary vanadium mine, producing some 30 million pounds of vanadium pentoxide during its 2.5 years of operation (approximately 10% of world production), and gaining recognition as one of the highest-quality sources of vanadium in the world market. Following the mine's controversial closure in early 2003 and partial de-commissioning in 2004, PMA successfully fought to gain full ownership of the Windimurra mine in August 2005.

PMA has completed a Feasibility Study for the $175 million redevelopment of the Windimurra mine, with commencement of construction scheduled for late 2006 and first production in late 2007.

Windimurra will produce some 6,200 tonnes per annum of ferrovanadium, which contains 80% pure vanadium. This represents annual production of approximately 20 million pounds of vanadium pentoxide equivalent, representing approximately 8% of world demand.

Jabiru Metals is an ASX-listed Australian resources company focusing on the development of the Jaguar poly-metallic sulphide deposit located near the historic Teutonic Bore base metals mine near Leonora in Western Australia's Northeastern Goldfields (260km north of Kalgoorlie). The Jaguar Project comprises an Ore Reserve of 1.6 million tonnes grading 11.7% zinc, 3.07% copper, 0.72% lead and 120 g/t silver (20.6% zinc equivalent) - containing 187,865 tonnes of zinc and 49,209 tonnes of copper.

This is equivalent to a 20.6% zinc equivalent grade or 9.5% copper equivalent grade using the prices from a revised bankable feasibility study completed in December 2005, making Jaguar one of the highest-grade base metal mines in the world.

The $56 million Jaguar development comprises an 18-month decline development to access the high-grade underground ore body. In January 2006, Jabiru secured a unique funding facility for the Jaguar Mine development, involving debt facility of A$53.5m with no mandatory metals hedging (supported by Consolidated Minerals Limited), complemented with a A$28m rights issue jointly underwritten by Consolidated Minerals and Hartleys Ltd, and an A$8m equipment leasing facility from ANZ Banking Group.

Project construction commenced in November 2005, with mining of the boxcut completed at the end of March 2006. Underground decline mining commenced in early April 2006. With project construction about 50% complete, Jabiru is well on its way to achieving its first production target by June 2007.

The Jaguar Project is forecast to produce 20-25,000 tonnes per annum (tpa) of zinc in concentrate, 8-10,000tpa of copper in concentrate, and 800,000oz pa of silver in concentrate over a 5-year mine life, based on an ore milling rate of 365,000tpa.

Jabiru also has an aggressive $5 million per annum exploration program underway aimed at increasing its existing resource/reserve base and targeting new discoveries within its tenement holding.

Jubilee Mines NL is a leading S&P ASX 200 Australian mining company operating the high grade Cosmos underground nickel sulphide project about 30 kilometres north of Leinster in Western Australia. Cosmos is one of the world's lowest cost nickel sulphide producers, with annual production of around 11,000 tonnes of nickel in concentrate. Jubilee is also developing the nearby Prospero deposit and conducting intensive exploration programs at Cosmos and other strategically located nickel projects in Western Australia.

Originally founded as Jubilee Gold Mines NL in 1987, the Company initially focused on gold exploration in the Kathleen Valley area of Western Australia, 450 kilometres north of Kalgoorlie in Western Australia.

In 1997, Jubilee expanded its activities to include base metals exploration. This decision was rewarded almost immediately with the discovery of the world class Cosmos high grade nickel sulphide deposit which marked the beginning of an exciting growth phase for Jubilee culminating in 1999 with the commencement of operations from the wholly owned Cosmos open - pit nickel mine.

Not long after, in early 2000, Jubilee discovered the Cosmos Deeps high grade nickel sulphide deposit. Underground development activities to access the Cosmos Deeps deposit commenced in 2001 with mine production starting in mid 2003.

Jubilee's outstanding track record of exploration success and growth has continued with the acquisition in 2003 of the Cosmos South property. This strategic acquisition has already enabled the discovery of new high grade nickel sulphide zones, the Alec Mairs, Prospero and Tapinos deposits, plus the commencement of scoping studies and the resource definition of the Anomaly 1 nickel sulphide deposit.

These opportunities confirm that the Cosmos mine and surrounding areas are uniquely high grade and suggestive of a large scale nickel sulphide system. The pre-mined in-ground resources identified in the Cosmos system so far exceeds 400,000 tonnes of contained nickel. Jubilee is committing considerable resources towards the Cosmos region's exploration in an effort to continue and build upon its already considerable success.

Additionally, looking to the medium to long term, Jubilee is also identifying and developing other strategic growth opportunities by expanding into new exploration areas outside of the Cosmos region.

Mincor Resources NL is a well-established and profitable Nickel Mining Company listed on the Australian Stock Exchange. Mincor's core assets are its mines and tenement holdings in the Kambalda Nickel District, where it has been in production since 2001. Mincor owns and operates the Miitel, Mariners, Redross and Wannaway Nickel Mines - all of which are underground nickel sulphide operations - and is also active in nickel, gold and base metals exploration throughout Australia.

Production from Miitel is underway at around 240,000 tonnes ore per annum at an average grade of 2.7% nickel. Production at Redross commenced in August 2004 and is currently proceeding at a production rate of approximately 10,000 tonnes per month at 3.2% nickel. Production from Wannaway is proceeding at around 3,000 tonnes ore per month at an average grade of 2.2% nickel. Mariners commenced production in early 2005, and is currently producing at a rate of around 10-15,000 tonnes @ 2.2% nickel.

Ore from Mincor's nickel mines is toll-treated at BHP Billiton's (Nickel West) Kambalda Nickel Operations plant. The resulting concentrate is sold to BHP Billiton via a long-term off-take agreement.

Mincor's growth strategy is aimed at the creation of a diversified mining house through a strong focus on growing the Company's successful nickel business while simultaneously expanding its interests across a wider range of mineral commodities.

As part of this focus, Mincor announced a new growth and diversification strategy earlier this year designed to broaden its exploration portfolio and asset base into other commodities and geographic regions outside of Kambalda, leveraging off the strong cash flow of its core nickel operations.

Several projects, including gold, copper-gold, tungsten and uranium prospects, have been acquired and exploration is gathering momentum, adding further appeal to the Company's growth portfolio.

Focus Minerals Limited is an Australian-based exploration and development group whose focus is to become a significant gold producer in the Coolgardie region of Western Australia.

TThrough its Redemption Joint Venture with Canadian-based Matador Exploration Inc, Focus Minerals is the largest landholder in the Coolgardie Gold Belt located in Western Australia, 560km east of Perth and 35km south of the "Super Pit" in Kalgoorlie. Over 2.6 million ounces of gold has been produced from the Coolgardie gold belt alone since 1892.

The Redemption Joint Venture has the mineral rights to more than 210km2 of under-explored tenements including Indicated and Inferred Resources totaling 1.4 million ounces of gold (Indicated Resource of 5.32 million tonnes at 1.8g/t gold and Inferred Resource of 13.7 million tonnes at 2.5g/t gold) as well as the 1.2mtpa Three Mile Hill processing plant, located in one of the world's most significant gold and nickel mining regions.

Matador is sole funding A$8 million of exploration expenditure at Coolgardie in stages over three years with a first-year minimum commitment of A$2.7 million. The overall objective of the Joint Venture is to define sufficient reserves to enable the Three Mile Hill Plant to operate at full capacity with 5 years of scheduled ore treatment, providing cash flow to further explore the surrounding highly prospective gold.

The Redemption Joint Venture has also commenced a feasibility study on the proposed early re-commencement of gold production at Coolgardie in Western Australia through initial treatment of existing low-grade stockpiles. The feasibility study will be carried out in parallel with the ongoing intensive gold exploration and Scoping Studies being conducted on the major gold deposits within the consolidated 210km2 tenement holding controlled by the Redemption Joint Venture (Focus and Committee Bay). The Joint Venture has total gold resources at Coolgardie of 1.4 million ounces.