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MOUNTAIN CREEKPROJECT(IRON ORE – NORTHERN TERRITORY)WDR Iron Ore Pty Ltd – 100% EL 27143,earning up to 70% in EL 25688 from TiandaResources (Australia) Pty LtdThe Mountain Creek Project liesimmediately to the north west of theRoper Bar Iron Ore Project andconsists of one granted tenement (EL27143) owned 100% by WDR and EL25688 owned by Tianda Australia PtyLtd (Tianda) in which WDR can earn a70% interest.LOCATION OF MOUNTAIN CREEK AND TIANDA PROJECTSWork commenced on this new projectduring 2009. A detailed airbornemagnetic survey was flown and agravity survey was completed adjacentto the Hells Gate Hinge Line. A programof reconnaissance rock chip samplingand geological mapping was alsocarried out. Sherwin Formation (SIM)was identified and rock chip sampledin the south eastern part of EL 27143.Samples from zones of hematiticmineralisation returned values of up to62% Fe. The SIM was also identified bythe gravity and magnetic data.8