Overview

Iron Ore Holdings Ltd (IOH) was first established in December 2003 and successfully listed on the ASX in May 2005.
During the past several years IOH has progressed its strategy of proving up commercial quantities of Direct Shipping Ore (DSO) on its tenements in the Pilbara region of Western Australia.

A major new discovery of 160 Million Tonnes (JORC) of Brockman-style DSO (59%Fe) at the Iron Valley Project was announced during 2009.  Iron Valley is bordered by Rio Tinto, BHP and FMG in the Central Pilbara region and is situated within close proximity to existing infrastructure.  Further drilling is being undertaken and a Scoping Study has commenced.

Commercial quantities of iron ore were identified at the Phil’s Creek Project following a drilling campaign completed in January 2007. 

The Phil’s Creek Project is situated only five kilometres from Rio Tinto HI Yandicoogina mine. In July 2008 the Company entered into a Memorandum of Understanding (MOU) with Rio Tinto for an annual Mine Gate Sale (MGS) of up to 1.5 million tonnes of DSO pisolite from the Phil’s Creek Project.

A Definitive Engineering Study (DES) has been completed and, subject to the necessary Government and regulatory approvals IOH is on track for mining to commence at Phil’s Creek by the second half of 2010.  A formal ore sales agreement is to be negotiated with Rio Tinto prior to commencement.

The company’s strategy is to continue to explore, prove up and mine commercial quantities of DSO on its tenements in the most prospective parts of the Pilbara region, adjacent to BHP Billiton’s and Rio Tinto’s Yandi and Yandicoogina mines and also Robe River’s Mesa J mine.

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