some key points from the 8K

Wengfu will finalize their level of equity involvement and facilitation of financing after completion of the Feasibility Expansion Study due by the end of quarter 3, 2010.

Legend has also been approached by a number of other international fertilizer industry corporations to discuss equity investment and financing assistance for development of the project.

For the Paradise feasibility study, only the resources at Paradise North and Paradise South have been included in the study. All other resources at D-Tree, Lily & Sherrin Creek, Quita Creek and Highland Plains have been excluded from this feasibility study and will be available for future expansion plans.

Paradise North ore may also be utilised earlier in the schedule as Direct Shipping Ore (DSO) but will require market prices to be approximately US$150/t fob Townsville.

The value addition involved with the development of a 15ktpa aluminium fluoride plant is significant for Legend. The production of aluminium fluoride has environmental and economic benefits for the project. The process takes typically rejected by-product pollutants from the phosphoric acid process and turns it into a marketable product which is currently in strong demand by the aluminium industry.