The highlight was Area 4 were over 12,000m of drilling was  completed and resulted in a significant increase in the total resource  of the Area 4 Zone to 1.33 Mt @ 1.9% Sn. Importantly, Area 4 is  located approximately 150m from the main North Renison decline  allowing for easy access. It is expected that production from Area 4  will commence within the fourth quarter of the 2012 financial year. Drilling in Area 4 also returned numerous bonanza intercepts,  including U4251 14.0m @ 8.11% Sn, U4233 8.78m @ 6.10% Sn and  U4238 8.27m @ 5.78% Sn. The mineralisation remains open to the  south and down plunge. Of significance was the drilling of a step out  hole approximately 100m out from the current resource boundary  returning an intercept of 4.18m @ 13.87% Sn & 0.36% Cu in hole  U4272 providing clear evidence of the growth opportunities that are  still to be realised from this part of the overall ore system. Other significant exploration success was achieved from the Lower  and Upper Federal and the newly defined Mawson’s lode in the north  of the mine located below the Dundas and King Resource areas that  has continued to return significant high grade results including  5.01m @ 6.39% Sn & 0.20% Cu in hole U4449 and 12.41m @ 3.62% Sn  & 0.76% Cu in hole U4456.  Mount Bischoff is a significant deposit in its own right producing  in excess of 60,000t of tin metal since the late 1800’s. Although  a resource remains at Mount Bischoff, the last of the ore from the  current open pit was mined in July 2010. The remaining Mount  Bischoff ore stockpiles were depleted by the end of 2010 as  production from the Renison underground was advanced to provide  the entire feed for the Renison Tin Concentrator.  The current strategy for the Mount Bischoff project is to remain in  care and maintenance in the short term whilst options for further  underground and open pit mining are evaluated. In addition, the  BMTJV partners are undertaking a tenement scale geophysical  review at Mount Bischoff to generate further exploration targets. MOUNT BISCHOFF AREA 4 “A SIGNIFICANT INCREASE TO  1.33 Mt $^{ @ 1.9% Sn}$” 13  OPERATIONAL REVIEW