RE:Missing Default Status update Further to its press release of September 10, 2013, the Company continues to work towards bringing its manganese project at Serra do Navio into production with a targeted first shipment of manganese mineralized material in early October 2013. The Company is making encouraging headway in this regard and hopes to provide further updates on the first shipment and subsequent sale of this material shortly.
Work on the Company's audit is ongoing and the Company will provide a definitive date for completion in due course.
Until the Required Filings and, as notified in its press release of August 27, 2013, the Company's June 30, 2013 interim filing are filed, the Company intends to continue to satisfy the provisions of the Alternative Information Guidelines (the "AIG") specified in Section 4.4 of NP 12-203 by issuing bi-weekly Default Status Reports, each of which will be issued in the form of a news release. The Company intends to file, if required, its next Default Status Report by October 8, 2013.