The Mt Finnerty Iron JV is located 65km east of Portman’s 8mtpa Koolyanobbing Iron Ore mine and contains 45km strike of highly prospective Watt Hills greenstone belt. The initial objective is to define a resource of around 5-10 million tonnes which could be integrated into Portman’s existing Koolyanobbing operations. However, recent developments suggest resources could be much larger. JV - Portman 80% : RDR 20%