Fortescue Metals Group Ltd - Resources & Reserves

Ore Reserves - as at 30 June 2011

Chichester Hub by Category	Product Tonnes (mt)	Iron Fe%	Silica SiO₂%	Aluminium oxide Al₂O₃%	Phosphorus P%	Loss on ignition LOI %
Proved	38	60.0	3.33	1.85	0.059	8.2
Probable	1,509	58.2	5.12	2.25	0.051	7.6
Total Chichester Hub Ore Reserves*	1,547	58.3	5.08	2.24	0.052	7.6

Solomon Hub by Category	ROM Tonnes (mt)	Iron Fe%	Silica SiO₂%	Aluminium oxide Al₂O₃%	Phosphorus P%	Loss on ignition LOI %
Proved	-	-	-	-	-	-
Probable	716	56.3	7.66	2.93	0.073	8.37
Total Solomon Hub Ore Reserves^#	716	56.3	7.66	2.93	0.073	8.37

All tonnes both ROM and Product are dry.
The Measured and Indicated Resources below are inclusive of those Mineral Resources modified to produce the Ore Reserves.
* In September 2011, Fortescue elected to report estimated Ore Reserves from the Chichester Hub on a product tonnes basis rather than on a ROM tonnes basis, as was the case with its previously reported reserve estimates. As a result, Ore Reserves for the Chichester Hub for fiscal 2011 are not directly comparable to the Ore Reserves estimate for the Solomon Hub for fiscal 2011, or Chichester Hub Ore Reserves estimates for fiscal 2010 and 2009.
# The maiden ore Reserve determination for the Solomon Hub was announced on May 20, 2011, and has been estimated by CoffeyMining Pty Ltd on a ROM tonnes basis.

Mineral Reserves - as at June 30 2011

Chichester Hub by category	Tonnes (mt)	Iron Fe%	Silica SiO₂%	Aluminium oxide Al₂O₃%	Phosphorus P%	Loss on ignition LOI %
Measured	240	59.1	4.08	2.09	0.051	8.1
Indicated	1,724	57.6	5.23	2.70	0.053	7.8
Inferred	586	55.9	6.54	3.23	0.055	8.0
Total Chichester Hub	2,550	57.3	5.42	2.77	0.053	7.8
Chichester Other by category	Tonnes (mt)	Iron Fe%	Silica SiO₂%	Aluminium oxide Al₂O₃%	Phosphorus P%	Loss on ignition LOI %
Measured	-	-	-	-	-	-
Indicated	222	50.0	10.89	6.83	0.060	8.0
Inferred	473	54.1	7.58	4.86	0.066	7.5
Total Chichester Other	695	52.8	8.64	5.49	0.064	7.7
Solomon Hub by category	Tonnes (mt)	Iron Fe%	Silica SiO₂%	Aluminium oxide Al₂O₃%	Phosphorus P%	Loss on ignition LOI %
Measured	108	58.4	5.43	2.03	0.083	8.5
Indicated	791	56.6	7.05	3.03	0.073	8.3
Inferred	2,171	56.3	7.19	3.54	0.077	8.0
Total Solomon Hub	3,070	56.5	7.09	3.35	0.076	8.1
Western Hub by category	Tonnes (mt)	Iron Fe%	Silica SiO₂%	Aluminium oxide Al₂O₃%	Phosphorus P%	Loss on ignition LOI %
Measured	-	-	-	-	-	-
Indicated	-	-	-	-	-	-
Inferred	624	58.7	5.44	3.06	0.91	6.6
Total Western Hub (a)	624	58.7	5.44	3.06	0.91	6.6
Nyidinghu by category	Tonnes (mt)	Iron Fe%	Silica SiO₂%	Aluminium oxide Al₂O₃%	Phosphorus P%	Loss on ignition LOI %
Measured	-	-	-	-	-	-
Indicated	-	-	-	-	-	-
Inferred	1,032	58.0	4.63	3.06	0.15	8.5
Total Nyidinghu (b)	1,032	58.0	4.63	3.06	0.15	8.5
Magnetite by category	Tonnes (mt)	Iron Fe%	Silica SiO₂%	Aluminium oxide Al₂O₃%	Phosphorus P%	Loss on ignition LOI %
Indicated	311	32.9	39.35	1.76	0.096	6.1
Inferred	2,154	32.5	39.55	1.86	0.102	7.2
Total Magnetite(c)	2,456	32.6	39.52	1.85	0.101	7.1
Total Mineral Resources	10,436	n/a	n/a	n/a	n/a	na

(a) The maiden Inferred Resource determination for the Western Hub was announced on March 23, 2011.
(b) The maiden Inferred Resource determination for the Nyidinghu project was announced on February 25, 2011.
(c) Approximately 1,234mt of these Inferred Resources are attributable to the Glacier Valley area, which is subject to a joint venture arrangement with a third party.

Competent Persons Statement
The detail in this report that relates to Mineral Resources is based on information compiled by Mr Stuart Robinson, Mr Mark Glassock, Mr Clayton Simpson and Mr David Frost-Barnes. Messrs Robinson, Glassock, Simpson and Frost-Barnes are all full-time employees of Fortescue and provided technical input for Mineral Resources estimations and compilations of exploration results. Estimated Ore Reserves for the Chichester Hub for fiscal 2011 were compiled by Mr Ric Bartlett, a full time employee of Fortescue, and have been prepared on a product tonnes basis. Estimates of Ore Reserves for the Solomon Hub have been prepared on a ROM tonnes basis, and are based on the information compiled by Mr John Hearne of Coffey Mining Pty Ltd, an independent mining consultancy. Mr Hearne is a Fellow of the Australasian Institute of Mining and Metallurgy and qualifies as a Competent Person as defined in the JORC Code. Mr Robinson is a Fellow of, and Messrs Glassock, Simpson and Bartlett are Members of, the Australasian Institute of Mining and Metallurgy. Mr Frost-Barnes is a member of the Institute of Materials, Minerals and Mining. Messrs Robinson, Glassock, Simpson, Bartlett and Frost-Barnes have sufficient experience which is relevant to the type of mineralisation and type of deposit under consideration to each be qualified as a Competent Person as defined in the JORC Code. Messrs Robinson, Glassock, Simpson, Frost-Barnes, Bartlett and Hearne have each consented to the inclusion in this report of the matters based on their information in the form and context in which it appears. resources

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