Mount Ridley Mines Limited provided the following update to investors. Drilling programme: The planned programme consists of 5,000m of reverse circulation drilling which will test 4 targets with a combined strike length of prospective banded iron formation exceeding 5km. Holes will initially be drilled on 400m traverses; however existing approvals allow the company geologist to use his discretion and immediately infill these to 200m-spaced traverses should observations or results warrant this, without further heritage or environmental consultation. Individual holes will be spaced at 40m or 80m intervals. About the weld range west iron project: The recently acquired Weld Range West Iron Project is in the mid-west of Western Australia and covers an area of 52km. Drilling is designed to target direct-shipping iron ore. The Project covers approximately 10km or 18% of the overall Weld Range BIF sequence, which elsewhere hosts the Madoonga and Beebyn iron deposits and the Iron Ridge iron deposit (Fenix Resources Limited). Three parallel BIF horizons are recognised, referred to from north to south as the Madoonga Formation, the Lulworth Formation and the southern-most the Wilgie Mia Formation. All are prospective for high-grade (>62.5% Fe) iron ore. Areas of the tenements are also prospective for gold. The company acknowledges the help of the Wajarri People, custodians of the Project area.