INTERVIEW WITH PATRICK MCMANUS, MANAGING DIRECTOR OF MINERAL SANDS LIMITED (MSN)

“Assay Results From Corvette Project Provide Encouragement”

http://www.brr.com.au/event/49391

THURSDAY, AUGUST 14, 2008, 10:00 AM.

            BRR    Good morning and welcome to Boardroom Radio. Today, we are speaking with Mr. Patrick McManus, Managing Director of Mineral Sands Limited.

10                    Thank you for joining us today, Patrick.

            MSN    Good morning, Eddie.

            BRR    Patrick, we see in your announcement that you have released that you continue to get encouraging results from your infill drilling program. Did you

15                    want to give our listeners an update?

            MSN    Yes, thanks, Eddie. This work is a pretty major aircore program, 25,000 metres of drilling, and the objective of the work is to define targets for an RC drilling program which is planned for later in the year. Most of the drill holes will be on the Corvette prospect and what we have seen in results released

20                    are in relation to work on Corvette. The most important point that is coming out of those results is that we are continuing to get supergene gold on that main mineralisation zone on Corvette which appears to be overlying a structural feature and that is about up to 9 kilometres long and open to the north and the south.

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            BRR    Patrick, we see that this announcement relates to fortunately less than a quarter of the total drilling. What else can you expect?

            MSN    Yes, Eddie. The results we have got to date cover only about 4000 metres of the planned 25,000-metre program, so we have got significant amount of

30                    work that has been done to be assayed and reported on Corvette but also some substantial amount of aircore drilling on the southern anomaly, both of which we expect to be announcing in the next couple of months.

            BRR    Patrick, thank you very much for your time today and we look forward to

35                    speaking to you soon.

            MSN    Thanks, Eddie, and thanks for your interest.

            BRR    That was Patrick McManus, Managing Director of Mineral Sands Limited. If you have any questions about this broadcast or any other broadcast, please

40                    feel free to contact us on brr@brr.com.au. I am Eddie (Inaudible) (0:01:52) and thank you for listening to Boardroom Radio.

INTERVIEW CONCLUDED

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