Ongoing Cash Flow from Strategic Assets

• ST. DENIS HOLDINGS - MILESTONES - 2009
  • 230% increase in 3rd-Party rental income from site during 2009
  • Significant upgrading of premises - back-up electrical and water - reticulated for cable and wireless internet
  • Relocation off MML staff to adjacent offices freeing up additional rental space for 3rd parties
  • Commissioning of Intertek-Genalysis sample preparation laboratory and Kirk Petrophysics laboratory operations - 2009
  • Commercial site redevelopment proposals and partnerships being evaluated
• LABRADORITE
  • Currently receiving royalty revenue from three counterparties
  • Additional parties interested in beginning operations
• Combined Labradorite Royalty and Rental Income of approximately A$700K pa

Information as of Mar 2010