Iron Road Limited (ASX:IRD) Announce One Billion Tonne Mineral Resource at Murphy South, Central Eyre Iron Project

Sydney, July 4, 2011 AEST (ABN Newswire) - Iron Road Limited (ASX:IRD) is pleased to announce a resource upgrade at the Central Eyre Iron Project (CEIP), with the Mineral Resources increasing in size from 1.23Bt to 1.33Bt. The upgrade comes as part of an ongoing mineral resource expansion programme at Murphy South.

The Mineral Resource estimate was calculated by Coffey Mining and is summarised in the table overleaf (see link at the bottom of the release).

With the establishment of over one billion tonnes in Mineral Resources at Murphy South alone, Iron Road continues to demonstrate the necessary size and scale of resource to underpin the capital required for a potential long life initial 12.4Mtpa high grade iron concentrate export operation and the development of associated export infrastructure.

Prefeasibility test work has demonstrated that at high quality concentrate grading 67% iron can be produced at Murphy South using a coarse grind size of -106µm. This product is suited as a high grade blast furnace sinter feed with low impurities.

For the complete Iron Road announcement including figures and tables, please refer to the following link:
http://www.abnnewswire.net/media/en/docs/547610.pdf

Contact

Andrew Stocks Managing Director Iron Road Limited Tel: +61-8-9200-6020 Mob: +61-403-226-748 Email: astocks@ironroadlimited.com.au http://www.ironroadlimited.com.au