HANNANS REWARD LIMITED Audio Webcast

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HANNANS REWARD LIMITED (HNR)

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HANNANS REWARD LIMITED (HNR) Events

Company (Stock Code)	Date/Time	Event	Timezone: Australia/NSW
HANNANS REWARD LIMITED (HNR) Vale to JV with Hannans Reward	Thu, 23 Oct 2008 10:30AM	HNR - Discusses Vale JV and Share Purchase Plan - Mr Damian Hicks, Managing Director
HANNANS REWARD LIMITED (HNR)	Thu, 2 Oct 2008 11:45AM	HNR - Jigalong Project High Grade Iron - Mr Damian Hicks, Managing Director
HANNANS REWARD LIMITED (HNR) Promising Assay Results at Jiggalong	Wed, 10 Sep 2008 11:50AM	HNR - Jigalong Iron Discovery - Mr Damian Hicks, Managing Director
HANNANS REWARD LIMITED (HNR) Manganese Drilling to Commence at Jigalong	Tue, 2 Sep 2008 12:00PM	HNR - Jigalong Project: Manganese Drilling - Mr Damian Hicks, Managing Director
HANNANS REWARD LIMITED (HNR) Iron Mineralisation Intersected In Initial Phase Of Drilling	Thu, 14 Aug 2008 09:30AM	HNR - Jigalong Project Update - Mr Damian Hicks, Managing Director
HANNANS REWARD LIMITED (HNR) Drilling Jigalong	Thu, 17 Jul 2008 02:00PM	HNR - Quarterly Activities Report - Mr Damian Hicks, Managing Director
HANNANS REWARD LIMITED (HNR)	Tue, 12 Dec 2006 12:00PM	HNR - Significant Gold-in-Soil Anomalism - Mr Terry Grammer, Executive Director (Exploration)
HANNANS REWARD LIMITED (HNR)	Thu, 13 Nov 2008 04:00PM 04:00PM Australia/WA	Annual General Meeting Celtic Club, 48 Ord St, West Perth, WA
HANNANS REWARD LIMITED (HNR)	Fri, 14 Mar 2008	Interim Results
HANNANS REWARD LIMITED (HNR)	Thu, 15 Mar 2007	Interim Results
HANNANS REWARD LIMITED (HNR)	Wed, 12 Apr 2006	Quarterly Production Date
HANNANS REWARD LIMITED (HNR)	Wed, 15 Mar 2006	Interim Results
HANNANS REWARD LIMITED (HNR)	Fri, 25 Nov 2005	Annual General Meeting
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HANNANS REWARD LIMITED (HNR)

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INTERVIEW WITH DAMIAN HICKS, MANAGING DIRECTOR OF HANNANS REWARD LIMITED (HNR)

“Iron Mineralisation Intersected In Initial Phase Of Drilling”

http://www.brr.com.au/event/49387

 

THURSDAY, AUGUST 14, 2008, 9:30 AM.

 

            BRR    Good morning and welcome to Boardroom Radio. Today, we are speaking with Mr. Damian Hicks, Managing Director of Hannans Reward. Thanks for

10                    joining us today, Damian.

            HNR    No problem, Eddie.

 

            BRR    Damian, you have announced today the initial feedback on drilling at Jigalong has yielded some encouraging results. What have you come across so far?

15        HNR    Thanks, Eddie. On the 4th of August, just prior to the Diggers and Dealers Conference, we updated the market about the drilling at Jigalong. We are pleased to say that we have intersected iron mineralisation in the drilling. We are not sure of the assays at this point, but the key task of this particular program was to intersect the feature which was completely covered by

20                    transported sands, and we think we have successfully managed to do that.

 

            BRR    Damian, out of this drilling project, what is Hannans trying to achieve?

            HNR    Eddie, the aim of this program is to confirm the extent of the iron mineralisation at the Hannans Jigalong Project. It is our belief, based on

25                    gravity surveys and magnetic surveys, that the feature we are targeting is approximately 8 kilometres in length, but we do not know that because it is all under transported cover. So what we are trying to achieve on this drilling program is to obtain a number of drill sections across that feature at regular intervals, maybe between 500 metres and 1 kilometre interval, and hopefully

30                    intersect high grade iron just to confirm that this feature does exist and that it is approximately 8 kilometres in length. If the assay results come back and they suggest that iron is greater than 55% and has low impurities, then we will be in a position to say potentially that this feature may have the potential for X number of tonnes iron. Once this proof of concept phase has been

35                    completed, then the next phase will actually be hopefully to take the project to a resource level in different areas within that 8 kilometre feature if the assays justify that additional drilling campaign. We anticipate that we will have approximately another 25 holes to drill on the project and that may take two to three weeks to complete those 25 holes, depending upon the squeeze of any

40                    drilling that we encounter going forward. We have already put one batch of samples into the laboratory for analysis and we hope to get another batch in this week. Therefore, results from the drilling should be coming through over the next month onwards. There is a small possibility that we may be able to also test some manganese targets during these initial phases of RC drilling,

45                    and if so, that will definitely be the cream on the cake to confirm some of the early stage manganese exploration results we have got so far.

 

            BRR    Damian, we also see you have bolstered your team, adding some extra people on down there. Did you want to give our listeners just an update on the additional people in the team?

            HNR    Yes, sure, Eddie. Our Exploration Manager, Amanda Arrowsmith, is running

5                      the Company's exploration generally, but she is very ably assisted by a number of senior experienced consultants including John Stockley who has assisted Amanda with the development of the Jigalong project. But we are also very pleased to recently have engaged another consultant, Mr. John Bridson, to help Amanda and John take the project forward. Mr. John Bridson

10                    was previously the Exploration Manager of the Sinosteel-Midwest Joint Venture, developing the world range haematite and Koolanooka magnetite projects. So it is excellent to have John on board and to have such an experienced iron ore geologist on our team to assist and to complement our existing team including Amanda and John. So, slowly building the team, the

15                    project is developing, and over the next couple of months, it is going to be a very interesting time for exploration results within Hannans.

 

            BRR    Damian, you have also reported the support you have been receiving from the community at Jigalong. How has this assisted Hannans?

20        HNR    Eddie, Jigalong community has been long-term supporters of Hannans Reward and we are very appreciative of that, particularly Mr. Brian Samson, one of the senior elders at Jigalong. This support has enabled us to continue exploration whilst making our heritage commitments in the Jigalong Aboriginal Reserve. So it is a very positive relationship that we hope at the

25                    end of the day will work well for both the members of the community and the company shareholders.

 

            BRR    Definitely some promising times ahead at Hannans Reward. We thank you for your time today and we look forward to speaking to you soon.

30        HNR    Thanks, Eddie. No problem.

 

            BRR    That was Damian Hicks, Managing Director of Hannans Reward. If you have any questions about this broadcast or any other broadcast, please feel free to contact us on brr@brr.com.au. I am Eddie (Inaudible) (0:05:16) and thank

35                    you for listening to Boardroom Radio.

 

INTERVIEW CONCLUDED

 

 

 

 

Contact brr@brr.com.au for more information

 

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