Elmore Ltd. provide an update on the development of the Peko Project and funding initiatives. Following the announcement on February 9th notifying the market of the completion of the construction and introduction of ore into the plant, the Company has been rapidly completing the commissioning punch list, including meeting the milestone of the production of the first magnetite product from the magnetic separation section of plant. The Company is expecting to finish final commissioning of the plant in the coming days and is working closely with the logistics providers to prepare for the first movements of product.

The Adelaide to Darwin rail line has now been re-opened after being closed due to flood damage in South Australia. OneRail, Linx and Darwin ports are working closely together to finalise operating interface procedures to allow for the commencement of product movement.