Dragon

• Overview
• Central Hub
• Western Hub
  • Bungaroo South
  • Western Satellites
    • Dragon
    • Other Satellites
• Coastal Hub

Dragon

IOH announced a maiden JORC Mineral Resource at the Dragon Project of 21.5Mt @ 55.4% Fe consisting of bedded mineralisation confined to the Brockman Iron Formation and occurs at or near surface..  The Dragon Project is one of four new exploration prospects in IOH’s Western Pilbara Hub.

The Dragon Project (previously named Ricane) is located to the east of the Bungaroo South Project. Bungaroo South currently contains a JORC Mineral Resource of 242Mt @ 57.2% Fe, and the deposit is contiguous with the Australian Premium Iron Joint Venture (API) Buckland Hills resource of 195Mt which API announced on 9 September 2011.

Planned activity for FY2012

• IOH will conduct further drilling at the four Western Satellite prospects during FY2012.

Dragon Project Resource Location

Dragon Project Resource Outline with Drill Holes