Resource of 10.5 million tonnes @ 1.4% Li₂O for 146,500 tonnes of contained Li₂O. The resource is open along strike and down dip.

The Joint Venturer Partners expect to mobilise a processing plant and related equipment with a production rate of 17,000 tonnes per month of +6.5% Li₂O concentrate in 2010, subject to a decision to mine and obtaining all necessary approvals.

Definitive Feasibility Study into the production of ferrovanadium was completed in May09.

An MOU for the offtake of the entire production during the first ten years has been signed with a major commodity trader.

Operations currently on hold while appropriate ore treatment options are sourced.

The total Indicated and Inferred Mineral Resource now comprises 534,000 tonnes at an average grade of 10.8g/t Au for 186,000 ounces of gold.

Cliffs Natural Resources has earned an eighty per cent interest in Reed Resources' Mt Finnerty Iron Ore project.

Cliffs are targeting an initial resource of 5-10Mt of DSO to complement their Koolyanobbing operations.

Previous exploration in the area by Western Mining Corporation (WMC) during the 1970s discovered a gossan; and two vertical drill holes in a subsequent drilling program intersected 1.34% Ni (BRFP28) and 1.14 % Ni (BRFP21) each over an interval of 3 metres.

In addition, four highly anomalous soil geochemical anomalies have been identified that are coincident with the basal ultramafic/basal contact, spread over 10km of strike.

Anglo American Exploration can earn 75% by spending AUD$3m.

Bell Rock Range is highly prospective for several commodities, particularly Ni-Cu sulphide and PGE mineralisation.