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Prescient presentation - Petmin

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NAIC<br />

34<br />

<strong>Petmin</strong> has option to acquire up to 49.9% of a Canadian iron sands/pig iron<br />

project<br />

• <strong>Petmin</strong> has acquired 10.7% of a privately owned Canadian iron sands/pig iron Project for<br />

$3.5m<br />

• Claims under licence cover 450km 2<br />

• Resource is extensive and well placed infrastructurally near clean cheap power and a port<br />

• The current exploration programme has drilled over 3500m with results due in Q1 2012<br />

• The current exploration phase includes a large bulk sample and smelt test<br />

• Financial indications at this stage indicate that the project will produce pig iron at costs well<br />

within the lowest quartile<br />

…A STRONG …Committed PLATFORM to growth, FOR …exceeding dedicated FUTURE to expectations<br />

value GROWTH

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