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style+AD0-'mso-ansi-language:EN-GB'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p+AD4APA-span lang+AD0-EN-AU style+AD0-'font-family:+ACI-Courier New+ACIAOw-mso-ansi-language:EN-AU'+AD4AJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAPA-/span+AD4APA-span lang+AD0-EN-AU style+AD0-'mso-ansi-language:EN-AU'+AD4- +ADw-/span+AD4APA-span lang+AD0-EN-AU style+AD0-'font-family:Calibri+ADs-mso-ansi-language:EN-AU'+AD4-Senior BC Iron delegation completes initial marketing trip to +ADw-st1:country-region w:st+AD0AIg-on+ACIAPgA8-st1:place w:st+AD0AIg-on+ACIAPg-China+ADw-/st1:place+AD4APA-/st1:country-region+AD4AJg-nbsp+ADsAPA-/span+AD4APA-span lang+AD0-EN-AU style+AD0-'mso-ansi-language:EN-AU'+AD4- +ADw-/span+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language: EN-GB'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p+AD4APA-span lang+AD0-EN-AU style+AD0-'font-family:Calibri+ADs-mso-ansi-language:EN-AU'+AD4-Australian iron ore company BC Iron Limited+ADw-/span+AD4APA-span lang+AD0-EN-AU style+AD0-'mso-ansi-language: EN-AU'+AD4- +ADw-/span+AD4APA-span lang+AD0-EN-AU style+AD0-'font-family:Calibri+ADs-mso-ansi-language: EN-AU'+AD4-(ASX: BCI+ADs- BC Iron) is pleased to advise that it has today+ADw-/span+AD4APA-b+AD4APA-span lang+AD0-EN-AU style+AD0-'mso-ansi-language:EN-AU'+AD4- +ADw-/span+AD4APA-/b+AD4APA-b+AD4APA-span lang+AD0-EN-AU style+AD0-'font-family:Calibri+ADs-mso-ansi-language:EN-AU'+AD4-formally entered into the+ADw-/span+AD4APA-/b+AD4APA-b+AD4APA-span lang+AD0-EN-AU style+AD0-'mso-ansi-language:EN-AU'+AD4- +ADw-/span+AD4APA-/b+AD4APA-b+AD4APA-span lang+AD0-EN-AU style+AD0-'font-family:Calibri+ADs-mso-ansi-language:EN-AU'+AD4-Nullagine Joint Venture+ADw-/span+AD4APA-/b+AD4APA-span lang+AD0-EN-AU style+AD0-'font-family:Calibri+ADs-mso-ansi-language:EN-AU'+AD4- (NJV) with its 50:50 infrastructure Joint Venture partner, Fortescue Metals Group Limited (ASX: FMG+ADs- ?FMG?), for development of the Nullagine Iron Ore Project, located in Western Australia+IBk-s Pilbara region.+ADw-/span+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language: EN-GB'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p+AD4APA-span lang+AD0-EN-AU style+AD0-'font-family:Calibri+ADs-mso-ansi-language:EN-AU'+AD4-The formation of the NJV is a landmark achievement for BC Iron and opens the way for construction of the Nullagine Project to commence later this year ahead of planned production in the first half of 2010.+ADw-/span+AD4APA-span lang+AD0-EN-AU style+AD0-'mso-ansi-language:EN-US'+AD4- +ADw-/span+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language: EN-GB'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p+AD4APA-span lang+AD0-EN-AU style+AD0-'font-family:Calibri+ADs-mso-ansi-language:EN-AU'+AD4-The formalisation of the NJV follows last month+IBk-s in-principle endorsement from FMG for the Company+IBk-s recently completed Feasibility Study on the Nullagine Project. The Study confirmed that it is an economically and technically robust Direct Shipping Ore (DSO) project based on a+ADw-/span+AD4APA-b+AD4APA-span lang+AD0-EN-AU style+AD0-'mso-ansi-language:EN-AU'+AD4- +ADw-/span+AD4APA-/b+AD4APA-b+AD4APA-span lang+AD0-EN-AU style+AD0-'font-family:Calibri+ADs-mso-ansi-language:EN-AU'+AD4-Probable +ADw-st1:State w:st+AD0AIg-on+ACIAPgA8-st1:place w:st+AD0AIg-on+ACIAPg-Ore+ADw-/st1:place+AD4APA-/st1:State+AD4- Reserve of 36Mt at 56.9+ACU- Fe+ADw-/span+AD4APA-/b+AD4APA-span lang+AD0-EN-AU style+AD0-'font-family:Calibri+ADs-mso-ansi-language:EN-AU'+AD4-. The Project will commence production at an initial rate of 1.5Mtpa, subsequently ramping up to 3Mtpa and then 5Mtpa as infrastructure is upgraded.+ADw-/span+AD4APA-span lang+AD0-EN-AU style+AD0-'mso-ansi-language:EN-AU'+AD4- +ADw-/span+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language: EN-GB'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p+AD4APA-span lang+AD0-EN-AU style+AD0-'font-family:Calibri+ADs-mso-ansi-language:EN-AU'+AD4-BC Iron+IBk-s Managing Director, Mr Mike Young, said the decision to formalise the NJV ahead of a planned test pit is designed to enable the Nullagine Project to be brought into production as soon as possible: +ADw-/span+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language: EN-GB'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p+AD4APA-span lang+AD0-EN-AU style+AD0-'font-family:Calibri+ADs-mso-ansi-language:EN-AU'+AD4-We were originally intending to formalise the NJV following completion of the test pit, but after discussions with FMG both parties have agreed that forming the Joint Venture now is in the best interests of fast-tracking the Project to production,? Mr Young said.+ADw-/span+AD4APA-span lang+AD0-EN-AU style+AD0-'mso-ansi-language: EN-AU'+AD4- +ADw-/span+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p+AD4APA-span lang+AD0-EN-AU style+AD0-'font-family:Calibri+ADs-mso-ansi-language:EN-AU'+AD4-The level of cooperation between BCI and FMG has been extremely positive and we acknowledge the role that FMG is playing and the support they are providing in bringing the Nullagine Project to market, he added.+ADw-/span+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p+AD4APA-span lang+AD0-EN-AU style+AD0-'font-family:Calibri+ADs-mso-ansi-language:EN-AU'+AD4-The Joint Venture team has agreed to a minimum threshold for material from the Nullagine test pit that is comparable to the Value-in-Use for +ADw-st1:place w:st+AD0AIg-on+ACIAPgA8-st1:PlaceName w:st+AD0AIg-on+ACIAPg-Robe+ADw-/st1:PlaceName+AD4- +ADw-st1:PlaceType w:st+AD0AIg-on+ACIAPg-River+ADw-/st1:PlaceType+AD4APA-/st1:place+AD4- +ADw-span class+AD0-SpellE+AD4-pisolite+ADw-/span+AD4-.+ACY-nbsp+ADs- +ADw-/span+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p+AD4APA-span lang+AD0-EN-AU style+AD0-'font-family:Calibri+ADs-mso-ansi-language:EN-AU'+AD4-Based on the results of the Feasibility Study and our recent marketing trip to +ADw-st1:country-region w:st+AD0AIg-on+ACIAPgA8-st1:place w:st+AD0AIg-on+ACIAPg-China+ADw-/st1:place+AD4APA-/st1:country-region+AD4-, we expect to well and truly surpass this benchmark, Mr Young commented.+ADw-/span+AD4APA-span lang+AD0-EN-AU style+AD0-'mso-ansi-language:EN-AU'+AD4- +ADw-/span+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p+AD4APA-b+AD4APA-span lang+AD0-EN-AU style+AD0-'font-family:Calibri+ADs-mso-ansi-language:EN-AU'+AD4-Test Pit Bulk Sample+ADw-/span+AD4APA-/b+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p+AD4APA-span lang+AD0-EN-AU style+AD0-'font-family:Calibri+ADs-mso-ansi-language:EN-AU'+AD4-A 120,000 tonne bulk sample test pit at the +ADw-span class+AD0-SpellE+AD4-Outcamp+ADw-/span+AD4- deposit is on schedule to commence in mid-September. As previously reported, the test pit was a key recommendation of the Feasibility Study and is designed to confirm some of the underlying assumptions contained in the Study in the following areas:+ADw-/span+AD4APA-span lang+AD0-EN-AU style+AD0-'mso-ansi-language:EN-AU'+AD4- +ADw-/span+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p+AD4APA-span lang+AD0-EN-AU style+AD0-'font-family:+ACI-Courier New+ACIAOw-mso-ansi-language:EN-AU'+AD4AJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAPA-/span+AD4APA-span lang+AD0-EN-AU style+AD0-'mso-ansi-language:EN-AU'+AD4- +ADw-/span+AD4APA-span lang+AD0-EN-AU style+AD0-'font-family:Calibri+ADs-mso-ansi-language:EN-AU'+AD4-Surface miner type and performance+ADs- +ADw-/span+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p+AD4APA-span lang+AD0-EN-AU style+AD0-'font-family:+ACI-Courier New+ACIAOw-mso-ansi-language:EN-AU'+AD4AJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAPA-/span+AD4APA-span lang+AD0-EN-AU style+AD0-'mso-ansi-language:EN-AU'+AD4- +ADw-/span+AD4APA-span lang+AD0-EN-AU style+AD0-'font-family:Calibri+ADs-mso-ansi-language:EN-AU'+AD4-Dilution and reconciliation+ADs- +ADw-/span+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p+AD4APA-span lang+AD0-EN-AU style+AD0-'font-family:+ACI-Courier New+ACIAOw-mso-ansi-language:EN-AU'+AD4AJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAPA-/span+AD4APA-span lang+AD0-EN-AU style+AD0-'mso-ansi-language:EN-AU'+AD4- +ADw-/span+AD4APA-span lang+AD0-EN-AU style+AD0-'font-family:Calibri+ADs-mso-ansi-language:EN-AU'+AD4-Metallurgy+ADs- +ADw-/span+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p+AD4APA-span lang+AD0-EN-AU style+AD0-'font-family:+ACI-Courier New+ACIAOw-mso-ansi-language:EN-AU'+AD4AJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAPA-/span+AD4APA-span lang+AD0-EN-AU style+AD0-'mso-ansi-language:EN-AU'+AD4- +ADw-/span+AD4APA-span lang+AD0-EN-AU style+AD0-'font-family:Calibri+ADs-mso-ansi-language:EN-AU'+AD4-Value-in-use+ADs- and +ADw-/span+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p+AD4-+ADw-span lang+AD0-EN-AU style+AD0-'font-family:+ACI-Courier New+ACIAOw-mso-ansi-language:EN-AU'+AD4AJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAPA-/span+AD4APA-span lang+AD0-EN-AU style+AD0-'mso-ansi-language:EN-AU'+AD4- +ADw-/span+AD4APA-st1:State w:st+AD0AIg-on+ACIAPgA8-st1:place w:st+AD0AIg-on+ACIAPgA8-span lang+AD0-EN-AU style+AD0-'font-family:Calibri+ADs-mso-ansi-language:EN-AU'+AD4-Ore+ADw-/span+AD4APA-/st1:place+AD4APA-/st1:State+AD4APA-span lang+AD0-EN-AU style+AD0-'font-family:Calibri+ADs-mso-ansi-language:EN-AU'+AD4- price benchmark determination+ADw-/span+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p+AD4APA-span lang+AD0-EN-AU style+AD0-'font-family:Calibri+ADs-mso-ansi-language:EN-AU'+AD4-BC Iron has received Native Title and Ministerial Approval for the removal of excess tonnes and is currently awaiting final approvals from the Department of Mining and Petroleum. These are expected within the next week.+ACY-nbsp+ADs- +ADw-/span+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p+AD4APA-span lang+AD0-EN-AU style+AD0-'font-family:Calibri+ADs-mso-ansi-language:EN-AU'+AD4-The NJV partners have agreed to a set of test pit thresholds, which if successful, will see the NJV move into the construction phase ahead of production commencing in 2010.+ADw-/span+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p+AD4APA-st1:country-region w:st+AD0AIg-on+ACIAPgA8-st1:place w:st+AD0AIg-on+ACIAPgA8-b+AD4APA-span lang+AD0-EN-AU style+AD0-'font-family:Calibri+ADs-mso-ansi-language:EN-AU'+AD4-China+ADw-/span+AD4APA-/b+AD4APA-/st1:place+AD4APA-/st1:country-region+AD4APA-b+AD4APA-span lang+AD0-EN-AU style+AD0-'font-family:Calibri+ADs-mso-ansi-language:EN-AU'+AD4- Marketing Delegation+ADw-/span+AD4APA-/b+AD4APA-b+AD4APA-span lang+AD0-EN-AU style+AD0-'mso-ansi-language:EN-AU'+AD4- +ADw-/span+AD4APA-/b+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p+AD4APA-span lang+AD0-EN-AU style+AD0-'font-family:Calibri+ADs-mso-ansi-language:EN-AU'+AD4-As part of the Company+IBk-s lead-up to production, a delegation of senior BC Iron personnel recently visited +ADw-st1:country-region w:st+AD0AIg-on+ACIAPgA8-st1:place w:st+AD0AIg-on+ACIAPg-China+ADw-/st1:place+AD4APA-/st1:country-region+AD4- to ascertain interest and opportunities for long-term sales contracts and project finance.+ADw-/span+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p+AD4APA-span lang+AD0-EN-AU style+AD0-'font-family:Calibri+ADs-mso-ansi-language:EN-AU'+AD4-The delegation+IBk-s visit, which coincided with Western Australian Premier Colin Barnett+IBk-s trip to +ADw-st1:country-region w:st+AD0AIg-on+ACIAPgA8-st1:place w:st+AD0AIg-on+ACIAPg-China+ADw-/st1:place+AD4APA-/st1:country-region+AD4-, was very successful and included meetings with four steel mills and two iron ore stockists.+ADw-/span+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p+AD4APA-span lang+AD0-EN-AU style+AD0-'font-family:Calibri+ADs-mso-ansi-language:EN-AU'+AD4-Importantly, the mills visited are currently using, or have used Yandi +ADw-span class+AD0-SpellE+AD4-Pisolite+ADw-/span+AD4- ores of the type that BC Iron will be producing and were very interested in entering into long-term sales contracts for the Company+IBk-s ore. +ADw-/span+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p+AD4APA-span lang+AD0-EN-AU style+AD0-'font-family:Calibri+ADs-mso-ansi-language:EN-AU'+AD4-Mr Young commented:+ADw-/span+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p+AD4APA-span lang+AD0-EN-AU style+AD0-'font-family:Calibri+ADs-mso-ansi-language:EN-AU'+AD4-The Chinese Steel mills we visited were impressed with the quality of our ore, in particular the high LOI and +ADw-span class+AD0-SpellE+AD4-calcined+ADw-/span+AD4- attributes in combination with the very low phosphorous levels.+ADw-/span+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p+AD4APA-span lang+AD0-EN-AU style+AD0-'font-family:Calibri+ADs-mso-ansi-language:EN-AU'+AD4-Following the visit, we are now in talks with these mills regarding long-term sales contracts.+ADw-/span+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p align+AD0-center style+AD0-'text-align:center'+AD4APA-b+AD4APA-span lang+AD0-EN-AU style+AD0-'font-family: Calibri+ADs-mso-ansi-language:EN-AU'+AD4-- ENDS+ADw-/span+AD4APA-/b+AD4APA-b+AD4APA-span lang+AD0-EN-AU style+AD0-'mso-ansi-language:EN-AU'+AD4- +ADw-/span+AD4APA-/b+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language: EN-GB'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p+AD4APA-b+AD4APA-span lang+AD0-EN-AU style+AD0-'font-family:Calibri+ADs-mso-ansi-language:EN-AU'+AD4-Released by:+ACY-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- +ACY-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- +ACY-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- +ACY-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- +ACY-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- +ACY-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- +ACY-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- +ACY-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- +ACY-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAPA-/span+AD4APA-/b+AD4APA-b+AD4APA-span lang+AD0-EN-AU style+AD0-'mso-ansi-language:EN-AU'+AD4- +ACY-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- +ADw-/span+AD4APA-/b+AD4APA-b+AD4APA-span lang+AD0-EN-AU style+AD0-'font-family:Calibri+ADs-mso-ansi-language:EN-AU'+AD4-On behalf of:+ADw-/span+AD4APA-/b+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p+AD4APA-span lang+AD0-EN-AU style+AD0-'font-family:Calibri+ADs-mso-ansi-language:EN-AU'+AD4-Nicholas Read+ACY-nbsp+ADsAJg-nbsp+ADsAPA-/span+AD4APA-b+AD4APA-span lang+AD0-EN-AU style+AD0-'mso-ansi-language:EN-AU'+AD4- +ACY-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- +ACY-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- +ACY-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- +ACY-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- +ACY-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- +ACY-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- +ACY-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- +ACY-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- +ACY-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAPA-/span+AD4APA-/b+AD4APA-span lang+AD0-EN-AU style+AD0-'mso-ansi-language:EN-AU'+AD4- +ADw-/span+AD4APA-span lang+AD0-EN-AU style+AD0-'font-family: Calibri+ADs-mso-ansi-language:EN-AU'+AD4-Mr Mike Young+ADw-/span+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p+AD4APA-span lang+AD0-EN-AU style+AD0-'font-family:Calibri+ADs-mso-ansi-language:EN-AU'+AD4-Read Corporate+ACY-nbsp+ADs- +ACY-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- +ACY-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- +ACY-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- +ACY-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- +ACY-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- +ACY-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- +ACY-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- +ACY-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAPA-/span+AD4APA-span lang+AD0-EN-AU style+AD0-'mso-ansi-language:EN-AU'+AD4AJg-nbsp+ADs- 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+ADw-/span+AD4APA-span lang+AD0-EN-AU style+AD0-'mso-ansi-language:EN-AU'+AD7rXw- 9324 3200+ADw-/span+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p+AD4APA-b+AD4APA-span lang+AD0-EN-US style+AD0-'font-family:Calibri+ADs-mso-ansi-language:EN-US'+AD4-Qualifying Statement +ADw-/span+AD4APA-/b+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p+AD4APA-span lang+AD0-EN-US style+AD0-'font-family:Calibri+ADs-mso-ansi-language:EN-US'+AD4-This+ADw-/span+AD4APA-span lang+AD0-EN-US style+AD0-'font-family:Calibri+ADs-mso-ansi-language:EN-AU'+AD4- +ADw-/span+AD4APA-span lang+AD0-EN-AU style+AD0-'font-family:Calibri+ADs-mso-ansi-language:EN-AU'+AD4-release may include forward-looking statements. These forward-looking statements are based on BC Iron+IBk-s expectations and beliefs concerning future events. Forward-looking statements are necessarily subject to risks, uncertainties and other factors, many of which are outside the control of BC Iron Limited, which could cause actual results to differ materially from such statements.+ACY-nbsp+ADs- BC Iron Limited makes no undertaking to subsequently update or revise the forward-looking statements made in this release to reflect events or circumstances after the date of this release.+ADw-/span+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p+AD4APA-b+AD4APA-span lang+AD0-EN-AU style+AD0-'font-family:Calibri+ADs-mso-ansi-language:EN-AU'+AD4-JORC Competent Persons Statement+ADw-/span+AD4APA-/b+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language: EN-GB'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p+AD4APA-span lang+AD0-EN-US style+AD0-'font-family:Calibri+ADs-mso-ansi-language:EN-US'+AD4-The information relating to the terms ?direct shipping ore should not be misunderstood or misconstrued as an estimate of Mineral Resources and Reserves as defined by the JORC Code (2004) and therefore the terms have not been used in this context. It is uncertain if further exploration or feasibility study will result in the determination of a Mineral Resource or Mining Reserve.+ADw-/span+AD4APA-span lang+AD0-EN-US style+AD0-'mso-ansi-language:EN-AU'+AD4- +ADw-/span+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p+AD4APA-span lang+AD0-EN-US style+AD0-'font-family:Calibri+ADs-mso-ansi-language:EN-US'+AD4-The information that relates to the drilling data and geological interpretations is based on information compiled by Michael Young who is a Member of The Australian +ADw-st1:place w:st+AD0AIg-on+ACIAPgA8-st1:PlaceType w:st+AD0AIg-on+ACIAPg-Institute+ADw-/st1:PlaceType+AD4- of +ADw-st1:PlaceName w:st+AD0AIg-on+ACIAPg-Geoscientists+ADw-/st1:PlaceName+AD4APA-/st1:place+AD4- and a Director of the Company.+ACY-nbsp+ADs- The information that relates to the Mineral Resource Estimate at +ADw-span class+AD0-SpellE+AD4-Outcamp+ADw-/span+AD4-, +ADw-span class+AD0-SpellE+AD4-Warrigal+ADw-/span+AD4- Well, and +ADw-span class+AD0-SpellE+AD4-Coongan+ADw-/span+AD4- Well has been compiled by +ADw-span class+AD0-SpellE+AD4-Mr+ADw-/span+AD4- Richard Gaze who is a member of the Australasian Institute of Mining and Metallurgy and an employee of +ADw-span class+AD0-SpellE+AD4-Golder+ADw-/span+AD4- Associates. Both +ADw-span class+AD0-SpellE+AD4-Mr+ADw-/span+AD4- Young and +ADw-span class+AD0-SpellE+AD4-Mr+ADw-/span+AD4- Gaze have sufficient experience that is relevant to the style of +ADw-span class+AD0-SpellE+AD4-mineralisation+ADw-/span+AD4- and type of deposit under consideration and to the activity that they are undertaking to qualify as a Competent Persons as defined in the 2004 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. +ADw-span class+AD0-SpellE+AD4-Mr+ADw-/span+AD4- Gaze and +ADw-span class+AD0-SpellE+AD4-Mr+ADw-/span+AD4- Young consent to the inclusion in their names in the matters based on their information in the form and context in which it appears. +ADw-/span+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p+AD4APA-span lang+AD0-EN-US style+AD0-'font-family:Calibri+ADs-mso-ansi-language:EN-US'+AD4-The information that relates to the Ore Reserve 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WELL+ACY-nbsp+ADsAJg-nbsp+ADs- 10.3+ACY-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- 57.0+ACY-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- 2.1+ACY-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- 3.7+ACY-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- 0.02+ACY-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- 0.01+ACY-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- 11.7+ACY-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- 2.6+ACY-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- 6.3+ACY-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- 0.7+ACY-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAPA-/span+AD4-+ADw-span lang+AD0-EN-US style+AD0-'mso-ansi-language:EN-US'+AD4APA-br+AD4- +ADw-/span+AD4APA-b+AD4APA-span lang+AD0-EN-AU style+AD0-'font-family:Calibri+ADs-mso-ansi-language:EN-AU'+AD4-TOTAL+ACY-nbsp+ADsAJg-nbsp+ADsAPA-/span+AD4APA-/b+AD4APA-b+AD4APA-span lang+AD0-EN-AU style+AD0-'mso-ansi-language:EN-AU'+AD4- +ADw-/span+AD4APA-/b+AD4APA-b+AD4APA-span lang+AD0-EN-AU style+AD0-'font-family:Calibri+ADs-mso-ansi-language:EN-AU'+AD4-35.6+ACY-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- 56.9+ACY-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- 2.0+ACY-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- 3.2+ACY-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- 0.02+ACY-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- 0.01+ACY-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- 12.1+ACY-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- 13.7+ACY-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- 26.4+ACY-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- 1.1+ACY-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAPA-/span+AD4APA-/b+AD4APA-span lang+AD0-EN-US style+AD0-'mso-ansi-language: EN-US'+AD4APA-br+AD4- +ADw-/span+AD4APA-span class+AD0-SpellE+AD4APA-span lang+AD0-EN-AU style+AD0-'font-family:Calibri+ADs- mso-ansi-language:EN-AU'+AD4-Mbcm+ADw-/span+AD4APA-/span+AD4APA-span lang+AD0-EN-AU style+AD0-'font-family: Calibri+ADs-mso-ansi-language:EN-AU'+AD4- ? +ADw-span class+AD0-GramE+AD4-million+ADw-/span+AD4- bank cubic metres+ADw-/span+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p align+AD0-center style+AD0-'text-align:center'+AD4APA-span lang+AD0-EN-AU style+AD0-'font-family: Calibri+ADs-mso-ansi-language:EN-AU'+AD4-W+ADw-span class+AD0-GramE+AD4-:O+ADw-/span+AD4- +ADw-span style+AD0-'mso-spacerun:yes'+AD4AJg-nbsp+ADsAPA-/span+AD4-waste to ore ratio+ADw-/span+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p+AD4APA-span lang+AD0-EN-AU style+AD0-'font-family:Calibri+ADs-mso-ansi-language:EN-AU'+AD4-The Ore Reserves were estimated by Coffey Partners Pty Ltd whose Ore Reserve Declaration is provided in the Release to the ASX dated July 3, 2009.+ACY-nbsp+ADs- The ore reserves are based on estimates of mineral resources carried out by +ADw-span class+AD0-SpellE+AD4-Golder+ADw-/span+AD4- Associates (Table 2) and reported to the ASX by BC Iron on April 2, 2009.+ADw-/span+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p+AD4APA-b+AD4APA-span lang+AD0-EN-AU style+AD0-'font-family:Calibri+ADs-mso-ansi-language:EN-AU'+AD4-Total DSO Resource +ADw-span class+AD0-GramE+AD4-Estimate +ADw-span style+AD0-'mso-spacerun:yes'+AD4AJg-nbsp+ADsAPA-/span+AD4-Nullagine+ADw-/span+AD4- Iron +ADw-st1:place w:st+AD0AIg-on+ACIAPgA8-st1:State w:st+AD0AIg-on+ACIAPg-Ore+ADw-/st1:State+AD4APA-/st1:place+AD4- Project (BCI 100+ACU-)+ADw-/span+AD4APA-/b+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p align+AD0-center style+AD0-'text-align:center'+AD4APA-span class+AD0-SpellE+AD4APA-span class+AD0-GramE+AD4APA-b+AD4APA-span lang+AD0-EN-AU style+AD0-'font-family:Calibri+ADs-mso-ansi-language:EN-AU'+AD4-Outcamp+ADw-/span+AD4APA-/b+AD4APA-/span+AD4APA-/span+AD4APA-span class+AD0-GramE+AD4APA-b+AD4APA-span lang+AD0-EN-AU style+AD0-'font-family:Calibri+ADs-mso-ansi-language: EN-AU'+AD4APA-span style+AD0-'mso-spacerun:yes'+AD4AJg-nbsp+ADs- +ADw-/span+AD4-Warrigal+ADw-/span+AD4APA-/b+AD4APA-/span+AD4APA-b+AD4APA-span lang+AD0-EN-AU style+AD0-'font-family:Calibri+ADs-mso-ansi-language:EN-AU'+AD4- +ADw-span style+AD0-'mso-spacerun:yes'+AD4AJg-nbsp+ADsAPA-/span+AD4APA-span class+AD0-SpellE+AD4-Coongan+ADw-/span+AD4- Deposits+ADw-/span+AD4APA-/b+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p+AD4APA-b+AD4APA-span lang+AD0-EN-AU style+AD0-'font-family:Calibri+ADs-mso-ansi-language:EN-AU'+AD4-Resource Class+ADw-span class+AD0-GramE+AD4AJg-nbsp+ADs- Mt+ADw-/span+AD4AJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- Fe+ACY-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- +ADw-span class+AD0-SpellE+AD4-CaFe+ADw-/span+AD4AJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- SiO+ADw-sub+AD4-2+ADw-/sub+AD4APA-/span+AD4APA-/b+AD4APA-b+AD4APA-span lang+AD0-EN-AU style+AD0-'mso-ansi-language:EN-AU'+AD4AJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- +ADw-/span+AD4APA-/b+AD4APA-b+AD4APA-span lang+AD0-EN-AU style+AD0-'font-family:Calibri+ADs-mso-ansi-language:EN-AU'+AD4-Al+ADw-sub+AD4-2+ADw-/sub+AD4-O+ADw-sub+AD4-3+ADw-/sub+AD4APA-/span+AD4APA-/b+AD4APA-b+AD4APA-span lang+AD0-EN-AU style+AD0-'mso-ansi-language:EN-AU'+AD4AJg-nbsp+ADsAJg-nbsp+ADs- +ADw-/span+AD4APA-/b+AD4APA-b+AD4APA-span lang+AD0-EN-AU style+AD0-'font-family:Calibri+ADs-mso-ansi-language:EN-AU'+AD4-S+ACY-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- P+ACY-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- LOI+ADw-sub+AD4-1000+ADw-/sub+AD4APA-/span+AD4APA-/b+AD4APA-span lang+AD0-EN-US style+AD0-'mso-ansi-language:EN-US'+AD4APA-br+AD4- +ADw-/span+AD4APA-span lang+AD0-EN-AU style+AD0-'font-family:Calibri+ADs-mso-ansi-language:EN-AU'+AD4-Measured+ACY-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- 1.7+ACY-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- 57.0+ACY-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- 64.8+ACY-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- 3.49+ACY-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- 2.15+ACY-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- 0.016+ACY-nbsp+ADsAJg-nbsp+ADs- 0.018+ACY-nbsp+ADsAJg-nbsp+ADs- 12.0+ACY-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAPA-/span+AD4APA-span lang+AD0-EN-US style+AD0-'mso-ansi-language:EN-US'+AD4APA-br+AD4- +ADw-/span+AD4APA-span lang+AD0-EN-AU style+AD0-'font-family:Calibri+ADs-mso-ansi-language:EN-AU'+AD4-Indicated+ACY-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- 38.6+ACY-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- 57.0+ACY-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- 64.7+ACY-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- 3.15+ACY-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- 2.09+ACY-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- 0.011+ACY-nbsp+ADsAJg-nbsp+ADs- 0.016+ACY-nbsp+ADsAJg-nbsp+ADs- 12.0+ACY-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAPA-/span+AD4APA-span lang+AD0-EN-US style+AD0-'mso-ansi-language:EN-US'+AD4APA-br+AD4- +ADw-/span+AD4APA-span lang+AD0-EN-AU style+AD0-'font-family:Calibri+ADs-mso-ansi-language:EN-AU'+AD4-Inferred+ACY-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- 2.1+ACY-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- 57.0+ACY-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- 64.6+ACY-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- 3.41+ACY-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- 2.02+ACY-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- 0.012+ACY-nbsp+ADsAJg-nbsp+ADs- 0.023+ACY-nbsp+ADsAJg-nbsp+ADs- 11.8+ACY-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAPA-/span+AD4APA-span lang+AD0-EN-US style+AD0-'mso-ansi-language:EN-US'+AD4APA-br+AD4- +ADw-/span+AD4APA-b+AD4APA-span lang+AD0-EN-AU style+AD0-'font-family:Calibri+ADs-mso-ansi-language:EN-AU'+AD4-TOTAL+ACY-nbsp+ADsAJg-nbsp+ADsAPA-/span+AD4APA-/b+AD4APA-b+AD4APA-span lang+AD0-EN-AU style+AD0-'mso-ansi-language:EN-AU'+AD4- +ADw-/span+AD4APA-/b+AD4APA-b+AD4APA-span lang+AD0-EN-AU style+AD0-'font-family:Calibri+ADs-mso-ansi-language:EN-AU'+AD4-42.4+ACY-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- 57.0+ACY-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- 64.7+ACY-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- 3.18+ACY-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- 2.09+ACY-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- 0.011+ACY-nbsp+ADsAJg-nbsp+ADs- 0.016+ACY-nbsp+ADsAJg-nbsp+ADs- 12.0+ACY-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAPA-/span+AD4APA-/b+AD4APA-span lang+AD0-EN-US style+AD0-'mso-ansi-language:EN-US'+AD4APA-br+AD4- +ADw-/span+AD4APA-span class+AD0-SpellE+AD4APA-span lang+AD0-EN-AU style+AD0-'font-family:Calibri+ADs- mso-ansi-language:EN-AU'+AD4-Calcined+ADw-/span+AD4APA-/span+AD4APA-span lang+AD0-EN-AU style+AD0-'font-family:Calibri+ADs-mso-ansi-language:EN-AU'+AD4- Fe (+ADw-span class+AD0-SpellE+AD4-CaFe+ADw-/span+AD4-) +AD0- Fe / (100 ? LOI) +ACo- 100+ADw-/span+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p+AD4APA-span lang+AD0-EN-AU style+AD0-'font-family:Calibri+ADs-mso-ansi-language:EN-AU'+AD4-The resources are from the +ADw-span class+AD0-SpellE+AD4-Outcamp+ADw-/span+AD4- Well, Warrigal Well and +ADw-span class+AD0-SpellE+AD4-Coongan+ADw-/span+AD4- Well deposits. The resources are signed off by Mike Young and +ADw-span class+AD0-SpellE+AD4-Golder+ADw-/span+AD4- Associates.+ACY-nbsp+ADs- The pit designs also contain 2.3 Mt of inferred resource at 56.8+ACU- Fe which was treated as waste during mine planning. +ADw-/span+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p+AD4APA-b+AD4APA-span lang+AD0-EN-AU style+AD0-'font-family:Calibri+ADs-mso-ansi-language:EN-AU'+AD4-About BC Iron+ADw-/span+AD4APA-/b+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p+AD4APA-span lang+AD0-EN-AU style+AD0-'font-family:Calibri+ADs-mso-ansi-language:EN-AU'+AD4-BC Iron Limited (ASX: BCI) is an emerging iron ore producer focused on +ADw-st1:State w:st+AD0AIg-on+ACIAPgA8-st1:place w:st+AD0AIg-on+ACIAPg-Western Australia+ADw-/st1:place+AD4APA-/st1:State+AD4gGQ-s world-class Pilbara region. The Company+IBk-s core asset is the Nullagine Iron Ore Project (Chichester Metals earning 50+ACU-), an extensive tenement portfolio that is strategically located 140km north of Newman proximal to Fortescue Metals Chichester operation.+ADw-/span+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p+AD4APA-span lang+AD0-EN-AU style+AD0-'font-family:Calibri+ADs-mso-ansi-language:EN-AU'+AD4-The Nullagine Iron Ore Project comprises a Direct Shipping Ore (DSO) Reserve of 36Mt +AEA- 56.9+ACU- Fe. The total mineral resource at Nullagine is 50.7Mt +AEA- 57+ACU- Fe (64.8+ACU- Fe) within an overall Channel Iron Deposit (CID) resource of 89.1Mt +AEA- 54.1+ACU- Fe. +ADw-/span+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p+AD4APA-span lang+AD0-EN-AU style+AD0-'font-family:Calibri+ADs-mso-ansi-language:EN-AU'+AD4-BC Iron+IBk-s competitive advantage is that the Nullagine DSO comprises an outcropping, low contaminant first grade sinter feed that is highly sought after by Chinese steel mills. The Company has a Joint Venture with FMG who will provide port and rail infrastructure access for the life of the mining operation. +ADw-/span+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p+AD4APA-b+AD4APA-u+AD4APA-span lang+AD0-EN-AU style+AD0-'font-family:Calibri+ADs-mso-ansi-language:EN-AU'+AD4-Key Statistics+ADw-/span+AD4APA-/u+AD4APA-/b+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p+AD4APA-b+AD4APA-span lang+AD0-EN-AU style+AD0-'font-family:Calibri+ADs-mso-ansi-language:EN-AU'+AD4-Shares on Issue:+ADw-/span+AD4APA-/b+AD4APA-span lang+AD0-EN-AU style+AD0-'font-family:Calibri+ADs-mso-ansi-language: EN-AU'+AD4- +ACY-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- +ACY-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- 80.5 million +ADw-/span+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p+AD4APA-b+AD4APA-span lang+AD0-EN-AU style+AD0-'font-family:Calibri+ADs-mso-ansi-language:EN-AU'+AD4-Board and Management:+ADw-/span+AD4APA-/b+AD4APA-span lang+AD0-EN-AU style+AD0-'font-family:Calibri+ADs- mso-ansi-language:EN-AU'+AD4- +ACY-nbsp+ADs- Tony +ADw-span class+AD0-GramE+AD4-Kiernan +ADw-span style+AD0-'mso-spacerun:yes'+AD4AJg-nbsp+ADsAPA-/span+AD4-Chairman+ADw-/span+AD4- and Non-Executive Director+ADw-/span+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p+AD4APA-span lang+AD0-EN-AU style+AD0-'font-family:Calibri+ADs-mso-ansi-language:EN-AU'+AD4-Mike +ADw-span class+AD0-GramE+AD4-Young +ADw-span style+AD0-'mso-spacerun:yes'+AD4AJg-nbsp+ADsAPA-/span+AD4-Managing+ADw-/span+AD4- Director and Chief Executive Officer+ADw-/span+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language: EN-GB'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p+AD4APA-span lang+AD0-EN-AU style+AD0-'font-family:Calibri+ADs-mso-ansi-language:EN-AU'+AD4-Garth +ADw-span class+AD0-SpellE+AD4APA-span class+AD0-GramE+AD4-Higgo+ADw-/span+AD4APA-/span+AD4APA-span class+AD0-GramE+AD4- +ADw-span style+AD0-'mso-spacerun:yes'+AD4AJg-nbsp+ADsAPA-/span+AD4-Non+ADw-/span+AD4--Executive Director+ADw-/span+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p+AD4APA-span lang+AD0-EN-AU style+AD0-'font-family:Calibri+ADs-mso-ansi-language:EN-AU'+AD4-Terry +ADw-span class+AD0-SpellE+AD4APA-span class+AD0-GramE+AD4-Ransted+ADw-/span+AD4APA-/span+AD4APA-span class+AD0-GramE+AD4- +ADw-span style+AD0-'mso-spacerun:yes'+AD4AJg-nbsp+ADsAPA-/span+AD4-Non+ADw-/span+AD4--Executive Director+ADw-/span+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p+AD4APA-span lang+AD0-EN-AU style+AD0-'font-family:Calibri+ADs-mso-ansi-language:EN-AU'+AD4-Steven +ADw-span class+AD0-GramE+AD4-Chadwick +ADw-span style+AD0-'mso-spacerun:yes'+AD4AJg-nbsp+ADsAPA-/span+AD4-Non+ADw-/span+AD4--Executive Director+ADw-/span+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p+AD4APA-b+AD4APA-span lang+AD0-EN-AU style+AD0-'font-family:Calibri+ADs-mso-ansi-language:EN-AU'+AD4-Major Shareholders:+ADw-/span+AD4APA-/b+AD4APA-span lang+AD0-EN-AU style+AD0-'font-family:Calibri+ADs-mso-ansi-language: EN-AU'+AD4- +ACY-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- +ACY-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- Consolidated +ADw-span class+AD0-GramE+AD4-Minerals +ADw-span style+AD0-'mso-spacerun:yes'+AD4AJg-nbsp+ADsAPA-/span+AD4-23+ADw-/span+AD4AJQA8-/span+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p+AD4APA-span lang+AD0-EN-AU style+AD0-'font-family:Calibri+ADs-mso-ansi-language:EN-AU'+AD4-Regent Pacific +ADw-span class+AD0-GramE+AD4-Group +ADw-span style+AD0-'mso-spacerun:yes'+AD4AJg-nbsp+ADsAPA-/span+AD4-13+ADw-/span+AD4AJQA8-/span+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p+AD4APA-b+AD4APA-span lang+AD0-EN-AU style+AD0-'font-family:Calibri+ADs-mso-ansi-language:EN-AU'+AD4-Cash on Hand (30 July):+ADw-/span+AD4APA-/b+AD4APA-span lang+AD0-EN-AU style+AD0-'mso-ansi-language:EN-AU'+AD4- +ADw-/span+AD4APA-span lang+AD0-EN-AU style+AD0-'font-family:Calibri+ADs-mso-ansi-language:EN-AU'+AD4AJA-23.9M+ACY-nbsp+ADs- +ACY-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- +ADw-/span+AD4APA-span lang+AD0-EN-GB style+AD0-'mso-ansi-language:EN-GB'+AD4APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoNormal+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/p+AD4- +ADw-/div+AD4- +ADw-/body+AD4- +ADw-/html+AD4-