Listed in 2008 with the goal to discover iron ore projects on the eastern seaboard of Australia, Eastern Iron Limited (ASX: EFE) has drilled and announced maiden resources at four project areas which are: • Cobar Iron Pisolite project in western NSW • Eulogie Iron-Vanadium project in Queensland • Hawkwood Iron-Vanadium project in Queensland • Nowa Nowa Iron project in eastern Victoria The company has depicted progress in the exploration for copper-gold volcanogenic massive sulphide deposits and in the investigation of the development and production of a magnetite resource in Eastern Victoria. At present, EFE is evaluating a solution for transport of the development of the high-grade magnetite resource at its eastern Victoria project- Nowa Nowa.

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