ASX ANNOUNCEMENT

1 July 2015

Pilbara Iron Ore Project Update

The Directors of Flinders Mines Limited (ASX:FMS) advise that the parties to the Alliance Agreement have confirmed that the agreement term will not be extended beyond 31 December 2015.
The parties may have extended the agreement by 6 months if it was likely that the projects would be developed within a reasonable time after 31 December 2015.
As previously advised, Flinders has suspended expenditure on its Bankable Feasibility Study under the Alliance Agreement until a shareholder meeting is held to consider the Todd transaction, which is expected to be in August 2015.

IAN GORDON

MANAGING DIRECTOR


Flinders Mines Limited ABN 46 091 118 044 www.flindersmines.com

Level 1, 135 Fullarton Road

Rose Park

South Australia 5067

PO Box 4031

Norwood South

South Australia 5067

telephone 61 8 8132 7950 facsimile 61 8 8132 7999 email info@flindersmines.com

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