HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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Message: Australian mining doing well.
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  • Fortescue on Monday reported full-year profits that hit a record high.
  • It will be paying out total dividends of 3.58 Australian dollars per share – an increase of 103% compared to last year.
  • Analysts have been bullish on miners, as iron ore prices rocketed this year, benefiting the companies.
  • Net profit after tax reached $10.3 billion, up 117% from a year ago, the firm said. This is the second straight year of record profits for the company.
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