Iron Road Limited (ASX:IRD) Central Eyre Iron Project 2011 Stage VI Drilling Programme Update Fortnight to 12 August 2011

Perth, Aug 16, 2011 AEST (ABN Newswire) - Iron Road Limited (ASX:IRD) is pleased to advise that Stage VI drilling at the Central Eyre Iron Project (CEIP) continues to proceed to plan.

CEIP Summary

- The Stage VI drilling programme investigates the western extension of Murphy South.

- Four rigs drilling diamond tails, with several holes ending in mineralisation at downhole depths of approximately 700m.

- Traverses completed to date continue to confirm the thickening of the orebody eastward and adjacent to the Stage V drilling programme at Murphy South.

- Programme on track to define a mineral resource estimate of considerable size and tonnage additional to the current 1.01Bt identified at Murphy South.

Progress to date

-------------------------------------------------------Hole Type   Metres Completed (m)  Holes Completed (No.)-------------------------------------------------------RC (pre-collar- all complete)          5,078                63-------------------------------------------------------Diamond (tail)        16,558                51-------------------------------------------------------

The exploration target for Murphy South (western extension), across the 10 traverses designed for the Stage VI drilling programme, is 500-800Mt magnetite gneiss.

The Stage VI drilling programme comprises 64 diamond drill holes for over 25,000m. Crosssections of traverses A, D, E, F, G and H are presented below. The geology intersected in all traverses is consistent with interpretations from inversion modelling of detailed, high resolution aeromagnetic surveys. As expected a general thickening of the sequence occurs eastwards.

For the complete Iron Road Limited announcement including figures, please refer to the following link:
http://media.abnnewswire.net/media/en/docs/69002-ASX-IRD-553315.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