Proactive investorsLogo Proactive Investors UK Website

Search field

1 year chart

digital-look imported chart image

1 day chart

digital-look imported chart image
Epic & Msn data
Epic GIR
Time: 16:30:03
Mid Price: 667.00
Change Today: 2.00 Ascending
Change % Today: 0.30 Ascending
Fifty Two Week High: 745.00
Fifty Two Week Low: 332.50
Market Capital: 48.82
Period & price data
Period Price
Now: 667.00
3 Months ago:
6 Months ago:
1 Year ago:
Additional information
Additional Information
Market: ASX
Sector: General Mining - Uranium & Lithium
Epic: GIR
News: Latest news
Web Site: GIRALIA RESOURCES NL
Other Articles: 17-12-200926-08-200918-08-2009

GIRALIA RESOURCES NL

Giralia Resources NL is a junior exploration company. The principal activity of the Company, during the fiscal year ended June 30, 2008 (fiscal 2008), was mineral exploration. The Company continued with a high level of exploration activity during fiscal 2008, with substantial drilling programs completed at the Giralia operated Beebyn, Western Creek, Earaheedy and McPhee Creek projects, along with partner-funded drilling in several areas. Operational focus is on the development of the 100% owned iron ore tenements. Zinc Co Australia Ltd ceased to be a subsidiary of the Company on July 27, 2007. Carpentaria Exploration Limited ceased to be a subsidiary of the Company on January 31, 2008.
Tuesday, February 09, 2010

Giralia Resources announces scoping study outcome for Yerecoin magnetite project

Perth-based mineral exploration company Giralia Resources (ASX: GIR) has reported the findings of an independent Scoping Study on development options for the Company’s Yerecoin magnetite project, located around 120 kilometres NNE of Perth in Western Australia.

Shares in the company last traded for $1.49 on the Australian Securities Exchange.

The Company's tenements at Yerecoin host more than 30 kilometres of strike of magnetite rich banded iron formation, with positive results returned from initial RC and diamond drilling in March 2009, including intersections of 72 metres @ 32.4% Fe including 56 metres @ 35.7% Fe, and 50 metres @ 30.3% Fe.

Based on dips and thicknesses of mineralisation from drilling data, integration of surface mapping, rock sampling and aeromagnetic data, the Company has defined an initial Exploration Target at Yerecoin of 200 to 250 million tonnes of magnetite mineralisation grading 30% to 35% Fe.

The Company elected to initially bypass a drillout to JORC compliant resource at Yerecoin, and commissioned experienced magnetite specialists ProMet Engineers to prepare a Scoping Study in order to better understand the various options for product specifications, production levels, capital and operating costs and port/rail planning solutions.

The Study’s design basis is production at 2.5 million tonnes per year of Blast Furnace grade concentrate. Because of its excellent beneficiation characteristics, the Yerecoin mineralization does not require grinding to 45 microns to achieve BF grade.

The concentrate from the mine site would be hauled over existing rail networks to the Kwinana Bulk Terminal for export, or for possible sale to a potential local user of magnetite in Kwinana who has access to the rail network.

Implementation of the schedule indicates production will be possible by 3rd quarter 2013.

Resource drilling has commenced to establish initial JORC resource within current Exploration Target of 200 to 250 million tonnes.

 

NewsNow icon AddThis Feed Button
Register here to be notified of future GIRALIA RESOURCES NL articles.

Investors interested in GIRALIA RESOURCES NL recently viewed


No investment advice

The Company is a publisher and is not registered with or authorised by the Financial Services Authority (FSA). You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.