Alfredo Iodine Project – Chile

Status:  Resource confirmation drilling  

In June 2008 PRRF entered into an Option to Purchase Agreement for the acquisition of 100% of the Alfredo Iodine Project from Sociedad Contractual Minera La Fortaleza.  

• Staged option payments prior to acquisition of project to allow for low capital risk resource confirmation drilling
• PRCM used industry network to assemble key personnel
• Infill drilling has outlined a large nitrate rich Resource but reduced the grade of the iodine in the known Resource
• Next option payment being assessed