Ann: Intermin Announces World Class Vanadium Resource, page-5

"Initial development focus on the shallow higher grade 671Mt Lilyvale Mineral Resource"

"Run of Mine oxidised ore (5-15m depth) upgradable by simple sizing separation with over 90% of contained metal in the -38µm fraction, yielding a ~1% V2O5 concentrate"

"Is the highest grade based on the drilling to date with the mineralisation 4-5m from surface"

"Is amenable to low cost removal of the coarse fraction via scrubbing, trommelling, screening, cycloning and potentially flotation to produce a high grade intermediate feedstock ~1% V2O5. Metallurgical testwork is underway at two research Laboratories in China to further assess the potential upgrade ratios"

671Mt = Even at a rate of 10 MPTA.... we are looking a mine life of 67 years.