info from Major DanielAs you can appreciate any exploration in Ecuador has been delayed for over a year by the Mining Mandate imposed by the Govt. As you will have noted in our recent press release we have now received permission to restart exploration, and our core target will be Rio Zarza where we hope to drill in 3Q09. The manganese market is in an extremely weak position and placing a 45000t cargo has been difficult, but I believe we are almost there, and will hope to provide a public announcement to that effect soon. The company in the mean time continues to focus on developing its manganese project in Serra do Navio.
Rgds
Daniel