Members of the Alliance

• Hematite, magnetite and coal exploration
• Registered as a company in January 1994, as parent company of Extension Hill Pty Ltd
  

• Extension Hill magnetite project
• Koolanooka South hematite and magnetite projects
• Minga Well magnetite project
• Irwin River Coal Deposit

• Extension Hill Magnetite Project has a JORC compliant reserve of over 200 million tonnes, and a resource of 240 million tonnes from which magnetite concentrates grading in excess of 68% Fe can be produced at high mass recovery of >45%.
• Project leases have potential for over 3 billion tonnes of resource and drilling is in progress.
• Potential for a further 1 billion tonnes of hematite and magnetite within Asia Iron's other tenements.
  

• Feasibility study for Extension Hill Magnetite Project completed in 2006, confirmed the viability of the project configured with open pit mine, concentrator, pipeline, water supply and Geraldton port shipping.
• All primary environmental approvals from state and federal government have been received for a 5 Mtpa production rate.
• Studies to determine the optimum production rate are underway, with the very large resource potential likely to support > 10 Mtpa for > 50 years.
• Construction has commenced at Asia Iron's Nanjing Pellet Plant on the Yangtze River in China, which will process ore from Extension Hill.
• Exporting of ore expected to commence in 2011.
  

Name:

• Iron ore producer in WA's mid-west
• Jointly owned by Murchison Metals Ltd and Mitsubishi Development Pty Ltd

• Jack Hills iron ore project
• Weld Range iron ore project

• Current total JORC compliant Probable Ore Reserves at the Jack Hills Project are estimated at 5.7 million tonnes at an average grade of 62.3% Fe
• Current Mineral Resources at a 50% Fe cut-off are estimated at 96.6 million tonnes of Direct Ship ore at 59.1% Fe and 435 million tonnes of Beneficiation Feed at 35.1% Fe.
• The Jack Hills Project is currently the subject of significant exploration activity.

Current activities:

  Website:

• Development of the Jack Hills Project is being conducted in two stages:

  • Stage 1: Mine iron ore using contract mining, crushing, screening and transport to Geraldton by road haulage. This involves a five-year mine plan, with initial production rate of 1.5mtpa in 2007 increasing to 2.0mtpa in March 2009. Crosslands commenced shipments of high grade hematite iron ore in February 2007.
    
    
  • Stage 2: Substantial increase in annual production using proposed new rail network and port facility at Oakajee near Geraldton for export to customers in Asia. Work on Stage 2 is currently at the definitive feasibility study stage.
    
    In June 2006, Murchison Metals Ltd announced it had formed a consortium with three industrial companies (POSCO, Mitsubishi and Toll) to potentially bid for the funding, development and operation of the northern rail and Oakajee port facilities.
    
    
    
•  www.crosslands.com.au

Name:

Overview:

• Mid-tier emerging Australian iron ore company
• Operating since 1994
• ASX ticker: GBG

Key assets:

• Karara Iron Ore Project, comprising:
  • Stage 1 Karara hematite project based on mining of direct shipping ore at an initial rate of 2mtpa, subsequently increasing to 4mtpa
  • Stage 2 Karara magnetite concentrate/pellet project targeting production of 8mtpa of magnetite concentrate, to be transported via a new rail link from site to Morawa and an upgrade of the existing rail line that links Morawa to Geraldton.

Iron ore resources:

• JORC compliant magnetite reserve of 497 million tonnes @ 36.3% Fe plus a 929 million tonne resource @ 36.3% Fe
• JORC compliant hematite reserve of 10.9 million tonnes @ 61.7% Fe plus a 16.2 million tonne resource @ 62% Fe

Current activities:

• Gindalbie completed a Bankable Feasibility Study on the Karara Iron Ore project in August 2007 which showed robust economics for both the hematite and magnetite phases
• In August 2007 Gindalbie signed a Joint Venture Development Agreement with AnSteel for the development of Karara and a joint venture pellet plant to be located in China. AnSteel is China’s second biggest steel producer and its biggest iron ore miner. AnSteel is underwriting the financing of the project and has an offtake agreement for all of the product
• Final design and engineering is underway with a view to starting construction as soon as final Government regulatory approvals are received. Hematite production is scheduled for the second half of 2009, followed by magnetite concentrate production in the second half of 2010.
  

Website:

• www.gindalbie.com.au

Name:

• Iron and gold exploration company
• Registered in November 2002 and listed on the ASX since December 2004
• ASX ticker: GWR

• Wiluna West iron ore project
• Doherty’s gold project

• The Wiluna West project hosts some 126 million tonnes of Inferred Direct Shipping Ore (DSO) hematite ore at 59% Fe contained within two iron ore ridges, Unit B and significant gold, nickel, lead, uranium and iron ore mineralisation.

Current activities:

• The project is in the scoping study phase and is expected to enter into a prefeasibility study phase by end 2008.
• A proposal for mining of a bulk sample in 2009 has been submitted for approval.
• The company expects to complete a definitive feasibility study and submit a mining proposal during 2009.
• The focus of drilling and other studies in 209 will be predominatly to convert Inferred Resources to Indicated Resources (>100Mt).
• A program of metallurgical diamond drill testing od the deposits commenced in 2007 to provide ore characterisation in advance of feasibility testing.

Website:

• www.goldenwestresources.com

Name:

• Iron ore supplier and project developer
• New entity that emerged from the reconstruction of Kingstream Mining in 2003
• Wholly owned subsidiary of Sinosteel

• Koolanooka-Blue Hills iron ore project
• Koolanooka magnetite iron ore project
• Weld Range iron ore project
• Jack Hills iron ore project
• Robinson Range iron ore and manganese project

• Koolanooka (hematite): Confirmed resource of 4.8 million tonnes at 56.2% Fe, with reserves of 4 million tonnes at 56.4% Fe
• Blue Hills (hematite): Confirmed resource of 4.3 million tonnes at 59.8% Fe
• Koolanooka (magnetite): Confirmed resource of 430 million tonnes at 35.0% Fe
• Weld Range (hematite): Current mineralisation resource of 149.2 million tonnes at 58.4% Fe, with project potential of 200 to 300 million tonnes at grades above 60% Fe
• Jack Hills (hematite): Current mineralisation resource of 125.4 

Current activities:

• Koolanooka Direct Shipping Ore (DSO) Project commenced production January 2006. Stockpiles depleted. Environmental approvals underway for mining Koolanooka and Blue Hills open pit mining.
• Entered into 50:50 Joint Venture with Sinosteel Corporation to co-develop Weld Range Hematite and Koolanooka Magnetite project completed and under review
• Scoping study completed at Weld Range Hematite Ore, with Pre-feasibility Study due for completion in January 2009
• Scoping study completed for Jack Hills DSP projects, and Pre-feasibility Study currently underway
• Robinson Range hematite exploration scheduled to commence in 2009. Mining approvals to be sought for manganese in 2009.

Website:

• www.sinosteelmidwest.com.au