flinders resources ltd (FDR) Snapshot

Flinders Resources Limited at its Annual General Meeting of Shareholders held on June 12, 2013, appointed Ms. Mariana Bermudez as Corporate Secretary.

Flinders Resources Limited provided an update on the metallurgical test programs being conducted on graphite bearing rock from the Woxna Graphite Mine, Sweden. A bulk sample, together with representative core samples of graphite mineralization from across the Woxna Kringel mineral resource were sent to flotation specialist Aminpro Metallurgical Laboratories (Aminpro) in Chile. Aminpro were commissioned to complete a series of graphite processing tests that would lead to a new process flow sheet optimising graphite flake size, purity and recovery results. A key goal of the test work program was to maximise the proportion of larger flake sizes in the flotation concentrate. Using a single stage coarser grind and rougher float has yielded an encouragingly high proportion of large flake sizes. Further cleaning test work is currently underway to maximise graphite purity while maintaining a high flake size distribution. The metallurgical test program concludes with locked cycle tests of the proposed new process flow sheet. This work is expected to be completed in early June. Mining Plan: Golders of Sweden are nearing completion on the design of the Woxna mine plan and will deliver their final report at the end of May 2013. Having previously delivered a 4 phase 20+ year mine plan, Golders have undertaken multiple iterations to optimise the first 10 years of the plan resulting in a better than 30% improvement of the 10 year stripping ratio to 6:1 with 3:1 during the first 3 years. The revised mine plan has then been subject to optimisation using the industry recognised Whittle optimisation software. This is anticipated to further improve ore to waste ratios by up to 15%. Tailings and Water Management: Tailings and water management plans were presented to the regulators earlier this year. The plans will deliver substantially improved environmental performance at the Woxna mine. While no formal approval is required from the regulator, feedback to date has been positive. Preliminary Economic Assessment: Once the final results are available from the metallurgical test work, all of the components will be available to complete a preliminary economic assessment of resuming production at the Woxna graphite mine. New and reused equipment will be specified for the final modified process flow sheet. Operating and capital costs will then be calculated as will revenue based on the metallurgical test results. It is anticipated that the preliminary economic assessment of the Woxna graphite project will be completed in July.

Flinders Resources Limited, Annual General Meeting, Jun 12, 2013., at 11:00 Pacific Standard Time. Location: Suite 1305. Agenda: To receive the audited financial statements of the Company for the fiscal year ended October 31, 2012 (with comparative statements relating to the preceding fiscal period) together with the report of the auditors thereon; to fix the number of directors at five; to elect the directors; to appoint the auditor and to authorize the board of directors to fix the auditor's remuneration; to consider company's rolling 10% incentive stock option plan, as more particularly described in the accompanying Information Circular; and to transact such further or other business as may properly come before the meeting or any adjournment or adjournments thereof.