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Rutila Resources Limited, Quarterly Activities Report for the Period July to September 2014

-  Balla Balla Joint Venture (BBJV) has defined the most suitable rail corridor for the approximately 160km railway (the Railway) traversing south from the proposed transhipment and stockyard facility at Balla Balla Harbour on the Pilbara Coast (the Port Facility) (together Balla Balla Infrastructure or BBI) to Flinders Mines Limited’s (Flinders) Pilbara Iron Ore Project (PIOP).
-  This rail corridor has been proposed as a result of a study which included preliminary non-ground disturbing geotechnical and hydrogeological studies. From these investigations, a concept of approximately 160km railway and 37km conveyor alignment has been developed to link the Port Facility to PIOP.
-  BBJV updated its estimated capital cost to develop the proposed transhipment and stockyard facility and Rail line to PIOP. This capital cost has reduced and is now estimated to be ~A$2.0 billion.
-  Exploration activities recommenced at the Eucla West Project during the quarter. The petrological investigation of the Bristol graphite-bearing core samples has confirmed that the graphite within the Bristol prospect is medium to coarse-grained flake graphite.
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