During the 2009-2010 reporting year, as part of the strategy to significantly advance the future development of the Hawks Nest Iron Ore Project, Western Plains Resources (WPG) successfully concluded a series of complex joint venture negotiations with Wugang Australian Resources Investment Pty Ltd (Wisco). Under the terms of this agreement, Wisco can earn a 50% interest in the subject Hawks Nest exploration licence by sole funding a $45 million feasibility study on the Hawks Nest magnetite deposits. This feasibility study was scheduled to commence immediately, once all of the conditions precedent that pertained to the agreement were met. WPG had anticipated that the major resource definition drilling programme required to underpin the feasibility study would have been well underway by the end of calendar 2009, i.e. comfortably within the current EL 4248 reporting period. However, the Commonwealth of Australia's Department of Defence (DOD) subsequently advised WPG that it would not support this foreign entity participation transaction for reasons associated with safety, operational concerns and national security that pertained to the project's location within the Woomera Prohibited Area (WPA). Since that time, the licensee has been involved in extensive negotiations with both the DOD and other Federal and State government departments and ministers to try to resolve this impasse. In the interim, geophysical data interpretation and detailed advance planning of resource definition and extension drilling programmes have been carried out for the Kestrel, Harrier and Goshawk magnetite prospects. During the 2010-2011 reporting year, the above-described stalemate in progressing all mineral exploration on the WPA was eventually resolved by the Commonwealth Government commissioning a major review of mining and exploration activities which are in progress or are being planned for there. This review was led by Dr Alan Hawke, and recommendations for improved land sharing arrangements between the DOD and mining industry operators have now been adopted and are being implemented by the government. WPG and Wisco will now seek Foreign Investment Review Board approval for their joint venture, following which the planned feasibility study programmes will be commenced. The Buzzard DSO haematitic bedrock iron deposit does not form part of the Wisco joint venture, and therefore mine planning for the development of this deposit will now be resumed by WPG. This work will include the preparation of a detailed environmental impact statement (EIS) to accompany an application for a mineral lease, followed by the preparation and submission of a MARP. It is intended that development of the Buzzard deposit will be integrated with the Peculiar Knob mining operation and share common crushing and rail loading facilities at the Wirrida Siding. During the 2011-2012 reporting year, following its purchase of EL 4248, OneSteel continued the required groundwater monitoring program, and negotiated for permission to access the licence area with the DOD and with Traditional Owners (ongoing). Strategic Mines Pty Ltd was engaged to undertake a literature review of Hawks Nest deposit information, and completed a gap analysis. Coffey Mining Pty Ltd was engaged to commence a review of the Buzzard and Tui DSO haematitic iron deposits. During the 2012-2013 reporting year, OneSteel (now trading as Arrium Mining): - continued the required groundwater monitoring program; - performed a review of groundwater data; - finalised access agreements with DOD and Traditional Owners; - undertaken Aboriginal heritage clearance surveys across the tenement; - acquired an airborne magnetic and radiometric survey, and commenced geophysical data interpretation; - commenced an infill drilling program on the Buzzard and Tui prospects, to obtain samples for metallurgical analysis; and - planned a geotechnical diamond drilling program for the Buzzard and Tui deposits. The fixed-wing airborne survey was flown over three separate project areas during the period January-March 2013: one of the areas surveyed was Hawks Nest, where detailed coverage of 10,826.6 line km was flown at 50 m north-south x 500 m east-west grid line spacing, using a 30 m nominal sensor height above the ground surface. The resultant data were sent to Southern Geoscience Consultants to process and enhance for visualisation purposes: on 16/5/2013, that company provided Arrium with an atlas of final digital image products that are suitable for in-house interpretation. Drilling at the Buzzard and Tui prospects began in November 2012, and by the end of February 2013, 25 RC holes for 4417 m had been completed at Buzzard, as well as another, RC precollared hole with a 214 m long HQ diamond tail, to provide drill core samples from there for undergoing preliminary metallurgical testing; while at Tui, 4 RC holes for 874 m were completed. The new infill drilling confirmed that the dips of the BIF strata at Buzzard vary from gentle to near vertical, with the number of mineralised vertically stacked lenses increasing towards the north-east. Cover sediments consisting mainly of soil and clay are underlain by magnetite BIF which is partly enriched by interspersed haematite and occasional goethite. Further to the south-east, holes usually begin in clay that is followed by shale. The thickness of the cover ranges from 20 m to 60 m, becoming thicker towards the south and north-east. Abundant groundwater was encountered at the south-western end of the deposit. From infill drilling done to date, Tui appears to be similar overall in lithology, with a soil and clay cover ranging from 40 m to 60 m thick, also becoming thicker towards the south and north-east, which is underlain by BIF containing haematite-enriched lenses that dip steeply towards the south-east. During the 2013-2014 reporting year, Arrium Mining undertook the following work: - continued the required groundwater monitoring program; - installed groundwater monitoring bores at Buzzard and Tui; - completed access agreements with the Commonwealth Government's Department of Defence; - acquired a ground gravity survey; - commenced geophysical data interpretation; - continued to do infill drilling at the Buzzard and Tui prospects; - performed exploratory drilling within MC 3810 to test geophysical anomalies; - performed drilling aimed at extending the Buzzard resource; - commenced rehabilitating its recent drillholes; - obtained aerial photographic coverage of the entire tenement; - continued to do sample metallurgical analyses; and - made plans to do geotechnical diamond drilling at the Buzzard & Tui deposits. The gravity survey of 7340 stations was read in November 2013 over two grids; one a semi-detailed grid of 100 m x 100 m involving 546 stations, and the other a detailed grid located immediately adjacent to the east, around Buzzard prospect, of 20 m x 50 m involving 6774 stations. The new gravity data provided much improved resolution of basement stucture, indicating that possibly the Buzzard mineralisation is dipping steeply to the north-west. Dense north-eastward and south-westward extensions to the known haematite mineralisation were interpreted from inversion models. 2-D and 3-D modeling of updated gravity and magnetic datasets and a lithostructural interpretation identified 11 potential magnetite and haematite targets. To target specific zones within the Buzzard and Tui haematite deposits for the purpose of improving resource definition, 43 RC holes for 7420 m that included one with a 24.9 m long NQ diamond cored tail were drilled at Buzzard, and 3 RC holes for 598 m were drilled at Tui, during October-November 2013. Some of the holes at Buzzard were sited to infill previous 50 m x 25 m spaced drilling, on the same sections. A series of holes were drilled at 25 m x 25 m to better understand the complexity of the deposit along strike. The RC drilling campaign also included construction of 4 groundwater monitoring bores (two each at Buzzard and Tui, total drilled 863 m). These bores will form part of the hydrological studies data gathering network set up for the mine planning. The latest drilling encountered numerous thick, >10 m intercepts of ore-grade mineralisation, but it should be noted that these thicknesses might not represent true thickness due to drillhole angles and the dip of the mineralisation. Drillholes that were put in to the south-west of Buzzard appear to have intersected a body of shallow mineralisation with a different mineralogy to that observed at Buzzard. Some drillholes, which were sited outside of the current resource envelopes at both prospects, targeted gravity high anomalies interpreted from the 2013 gravity data. These holes also intersected haematite zones exceeding 10 m thick (not true thickness), and therefore demonstrated that targeting using gravity can be successful. At the completion of the drilling campaign, Borehole Wireline completed down-hole well surveys using the following tools: GYRO - Gyroscopic Deviation RLL3DENS – Single focused Resistivity and Density (N.B. encountering poor ground conditions resulted in the termination of density logging). GRWLMSUS – Gamma, Water Level and Magnetic Susceptibility OSCN – Optical Scanner ASCN – Acoustic Scanner Density log measurements allow the detection of zones of weakness, which may subsequently influence stability. Formation density is estimated from the density of electrons in the formation. The number of scattered gamma rays reaching the detectors is directly related to the density of electrons in the formation. This is helpful for geotechnical analysis relating to determination of how the faults and folds along strike associate with the compressional stress regime. Acoustic and Optical Imaging surveys assist in Geotechnical and hydrological studies of the site. Gamma ray log activity recorded with spectral proportions of potassium, thorium, and uranium is also useful for detecting alteration assemblages within the drilled sequences. Due to some magnetite within the banded iron formation zones affecting traditional downhole directional surveys, Magnetic and Gyroscopic Deviation surveys were conducted on selected holes. A water probe was used to determine water levels as part of the ongoing groundwater data collection. Arrium Mining began rehabilitation of their drill sites early in 2014 by initiating a grouting programme. The intention of the programme was to seal any drillhole that potentially is joined to unlinked aquifers. In total 13 drillholes were grouted, and then backfilled as per the DMITRE guidelines. Further rehabilitation is planned for 2014-2015. During the 2014-2015 reporting year, under tenure of renewed EL 5399, Arrium Mining undertook further exploratory and appraisal RC drilling and highly detailed ground gravity surveys. Between June 2014 and February 2015, 30 RC holes for 3891 m were completed at Buzzard prospect, 2 holes for 344 m at Tui prospect, 35 holes for 3774 m in the eastern half of the licence (Hawks Nest East) and 36 holes for 2812 m in its western half (Hawks Nest West). Earlier, a ground gravity survey of 5278 stations was read over a 50 m x 25 m grid at Hawks Nest East, and another of 3372 stations was read over a 50 m x 50 m grid at Hawks Nest West. The drilling done at Buzzard aimed to extend that deposit's resource towards the south-west. It found similar style thick high grade BIF mineralisation but with the addition of considerable goethite, possibly representing supergene enrichment. The regional drilling targeted possible Direct Shipping Ore (DSO) haematite which might be associated with multiple newly recognised small gravity and magnetic anomalies, and successfully identified several haematite or magnetite occurrences. At Hawks Nest East, four new prospects were identified - Hobby, Sparrow Hawk, Grey Goshawk (magnetite) and Bearded Vulture. Intersections included high-grade haematite and magnetite, haematised BIF, and lower grade, friable haematite/magnetite. At Hawks Nest West the drilling also disclosed four new prospects: Raptor, where flat lying supergene haematite was encountered close to the ground surface, and Whistling Kite, Snowy Owl and Kite, which all contain similar styles of magnetite and haematite mineralisation with relatively shallow dips. During the 2015-2016 reporting year, Arrium Mining performed desk top studies only, as part of a regional geological review of its Central Iron and Southern Iron - held tenements and targets, particularly in the light of insights which were gained from studying the SA Government's recently released GSSA eastern-central Gawler Craton solid geology interpretation. But planned further RC drilling to test geophysical anomalies and appraise known new haematite occurrences became deferred upon the closure of the Peculiar Knob mine and associated facilities. A data room was set up to facilitate reviews being done by parties interested in a possible licence farm-in. During the 2016-2017 reporting year, Arrium Mining did no new work. During the 2017-2018 reporting year, Central Iron undertook a desktop study as part of a regional geological review of their iron tenements and targets, reviewed their magnetite targets and continued the rehabilitation of drill sites. A diamond drilling program was commenced at the end of the reporting period within the Kestrel deposit, with complete details are results to be included in the next annual reporting period.