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NSL Consolidated Reports Retraction of 15 October 2009 Company Announcement
Thursday October 22, 2009, 8:17 pm

Original Announcement: Retraction of 15 October 2009 Company Announcement

NSL Consolidated advised that after discussions with ASX and ASIC, the company is retracting the announcement of 15 October 2009 entitled Conceptual Study Indicates Robust Business Case for Southern Indian Iron where the company announced a NPV range of US$94 to US$105m over a mine life of 12 to 17 years, for a project the company has agreed to purchase. It is ASX's and ASIC's view that there is no reasonable basis for a production target and/or a project NPV based on an exploration target.

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