About Crosslands Resources Ltd

Crosslands Resources Ltd is jointly owned by Murchison Metals Ltd and Mitsubishi Development Pty Ltd, a subsidiary of Mitsubishi Corporation.

Crosslands is developing the world-class Jack Hills iron ore deposits located in the mid-west region of Western Australia.

Crosslands is employing a two-stage strategy to develop its Jack Hills Project.

Stage 1 involves a five year mine plan using contract mining, crushing and screening. Iron ore is transported to Geraldton by contract road haulage to ore storage and transfer facilities at the Port of Geraldton, ahead of shipment to customers.

Mining began in late 2006 and first ore was exported in February 2007. By the end of December 2008, in excess of 2.4 million tonnes of high grade ore had been exported to customers in Asia. Production is currently being ramped up from its initial capacity of 1.5 Mtpa to approximately 1.8Mtpa during 2009.

Stage 2 of the Jack Hills Project is targeting a significant expansion of annual production capacity. A bankable feasibility study for Stage 2 of the Jack Hills Project is well advanced and is expected to be completed in late 2009.