Attached is Gippslands announcement relating to the German
Governments UFK facility which provides both commercial and political risk
cover.
The
eligibility of Abu Dabbab for UFK cover reflects the Projects outstanding
importance for the Federal Republic of Germany in securing a reliable long term
supply of this vitally important strategic metal.
While a UFK facility clearly provides
significant direct benefits regarding debt finance, it also serves to provide
equity investors with increased confidence in the Project in
general.
For your convenience, a plain text version of the announcement
is also attached.
Best regards
Jack Telford
Executive Chairman
Gippsland
Limited
www.gippslandltd.com