🕐08.05.12 - 02:27 Uhr

RADAR IRON LTD [ASX: RAD] - MAIDEN HEMATITE JORC RESOURCE FOR MULDOON PROSPECT





Fortbridge Media Release

Radar Iron Ltd [ASX: RAD] - Maiden Hematite JORC Resource for Muldoon Prospect

Radar Iron Ltd (ASX: RAD) has announced the maiden Mineral Resource for the Muldoon prospect at the Johnston Range Iron Ore Project.

Highlights:

* Maiden JORC reportable Inferred Mineral Resource of 2.1 Mt at 57.6% Fe
* Excellent potential for increasing hematite resource inventory in 2012
* Mineralisation readily amenable for mining with infrastructure pathway being developed

Modelling and mineral resource estimation by consultant firm CSA Global has resulted in a JORC reportable Inferred Mineral Resource at a 55% Fe cut-off grade of 2.1 million tonnes at 57.6% Fe. At lower cut-off grades the mineralisation inventory exceeds 3Mt at 56% Fe.

Radar has identified that the Johnson range area has significant potential to host numerous hematite enriched deposits of similar size and grade. It is Radar�s intention to progressively test these zones during 2012 with the aim of delineating additional resources at the project.

Managing Director Jonathan Lea said that Johnston Range remains Radar�s key focus given the potential for hematite mineralisation, and this strategy is starting to create investor interest within the wider industry in Asia.

Please see the announcement on this link:

For further information, please contact:

Jonathan Lea
Managing Director
Radar Iron +61 8 9482 0515
E

Phillip Wingate
Company Secretary
Radar Iron +61 8 9482 0515
E

Media:
Fortbridge +61 2 9003 0482
Luke Dean +61 414 535 433
E




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