SUMMARY OF QUARTERLY ACTIVITIES
HIGHLIGHTS
COMPLETES ACQUISTION OF 75.5% INTEREST IN NAMBIAN MANGANESE
DEVELOPMENT PROJECT, (OTJOZONDU, "OTJO")
MAIDEN INFERRED JORC RESOURCE AT OTJO OF 6.8MT AT 23.1%MN
POSITIVE ECONOMICS FROM SCOPING STUDY FOR OTJO
OTJO DRILLING AND FEASIBILITY STUDIES COMMENCING IN JUNE 2011
QUARTER
7,500m DRILL PROGRAM COMMENCING AT BARAMINE MANGANESE
PROJECT, EAST PILBARA IN JUNE 2011 QUARTER
1,000M DRILLING PROGRAMME AT BUTRE MANGANESE PROJECT IN
GHANA COMPLETED, RESULTS PENDING$25M CAPITAL RAISING
ANNOUNCED TO FUND OTJO
OTJO PRODUCTION PLANNED TO COMMENCE IN Q2- 2012
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