Ferraus Limited

FerrAus Limited (ASX:FRS) (PINK:FRRAF) today announced that the resource total for the FerrAus Pilbara Project has now reached 316.4 million tonnes, mainly as a result of the doubling of the +55% Fe inferred resource at the Mirrin Mirrin Prospect, within the Davidson Creek Area.

FerrAus Limited (ASX:FRS) (PINK:FRRAF) and the Directors of Lawson Gold Limited (ASX:LSN) are pleased to announce the completion of the Lawson Gold Offer. As a result of the Offer, Lawson Gold has successfully raised approximately A$4.7 million at A$0.20 per share, well above the minimum raise level of A$3m, which will result in the issue of around 23.4 million shares.

FerrAus Limited (ASX:FRS) (PINK:FRRAF) is pleased to advise that Union Park Company Limited (UPC), a wholly owned subsidiary of China Railway Materials Commercial Corporation (CRM), has, subject to the conditions below, exercised its right to subscribe for 3,005,753 additional FerrAus shares following the recent share placement to Wah Nam International Australia Pty Ltd (HKG:0159).

FerrAus Limited (ASX:FRS) (PINK:FRRAF) notes the Australian Competition Tribunal's decision of last week not to declare the Mt Newman and Hamersley railway lines. FerrAus believes that for these railway lines, the ruling allows the railway owners to now focus on their obligations to provide ore haulage services under their respective State Rail Agreements.

The Board of FerrAus Limited (ASX:FRS) (PINK:FRRAF) is pleased to announce that it has completed the placement of 25,047,939 fully paid ordinary shares, representing 11.5% of FerrAus Limited's fully diluted share capital with a wholly owned subsidiary of Wah Nam International Holdings Ltd (HKG:0159) (PINK:WAHNF).

FerrAus Limited (ASX:FRS) (PINK:FRRAF) is pleased to announce that it has executed a Subscription Agreement with a wholly owned subsidiary of Wah Nam International Holdings Ltd (Wah Nam) (HKG:0159) to make a placement to raise approximately A$21.5m via the issue of 25,047,939 fully paid ordinary shares at an issue price of A$0.86 per share, representing a premium of approximately 8% to the last closing price on 22 June 2010. Completion of the placement is due to occur by Monday 28 June 2010.

FerrAus Limited (ASX:FRS) (PINK:FRRAF) and the Directors of Lawson Gold Limited advise that the closing dates for both the Priority Offer and the Public Offer for the Lawson Gold IPO have been extended by one week. This decision follows requests from FerrAus shareholders for additional time due to the recent long weekend as well as the error in the BPAY details in the original Priority Application forms that required new forms being sent to shareholders.

FerrAus Limited (ASX:FRS) (PINK:FRRAF) announces a 116% increase in its measured and indicated resources at its FerrAus Pilbara Project in Western Australia.

FerrAus Limited (ASX:FRS) (PINK:FRRAF) is pleased to announce that it has appointed Mr Christopher Hunt to the position of Chief Financial Officer.

FerrAus Limited (ASX:FRS) (PINK:FRRAF) are pleased to enclose a copy of the Prospectus for the Initial Public Offer of Lawson Gold Limited along with personalised priority application form.