GWR Group Ltd. updated shareholders as it progresses towards securing final approvals over the 100% owned C3 high- grade Iron ore deposit which contains 37.3Mt @ 58.3% Fe and lies south of the C4 deposit and immediately east of the Bowerbird Central (8Mt @ 60.1% Fe) and Bowerbird South (18.2Mt @ 60.4% Fe) deposits. GWR has submitted a Mining Proposal for the development of the Stage 1 C3 Pits that encompasses a 4 km long extension to the existing C4 Haul road, mobile crushing facilities and associated infrastructure. The C3 deposit will be considered "production ready" and having all mining approvals in place.

This allows for the company to expediate its monetisation strategy and unlock considerable value across the remaining 10 deposits and use the GV agreement as a benchmark for future transactions.