Warramboo drilling complete

Iron Road has completed its Stage Two drill holes.

Iron Road has completed all of its Stage Two drill holes and assays at its Warramboo Iron project.

Stage two drilling commenced in February 2009 and was used to investigate an area of high potential identified during Stage One drilling.

The current phase of drilling forms part of a planned initial three stage drilling program with a view to establishing a long life 5Mtpa magnetite concentrate export operation.

Test work from the Stage One drilling program indicated that a high quality concentrate may be produced from Warramboo grading 70.25% iron with low impurities.

According to a company announcement made to the Australian Securities Exchange, the ‘Warramboo cluster’ currently under investigation forms only part of the Warramboo Iron project.

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