The decision follows feasibility studies into the construction of a magnetite processing facility and the installation of full scale underground mining operations at EHM that have resulted in a revised Ore Reserve Estimate of 72 million tonnes at a grade of 1.0% copper, 0.5 grams per tonne gold and 22% magnetite. The total tonnage represents a 600% increase over previously published underground reserves. Ore will be mined principally from a major hoisting shaft to be sunk to a depth of 1,000 metres, producing 6 million tonnes per annum of ore at full capacity.