🕐14.09.09 - 02:30 Uhr

HAOMA MINING NL [HAO] - Initial Iron Ore Mineral resource Estimate for Mt Webber



Haoma Mining NL
A.B.N 12 008 676 177
Registered Office & Head Office:
Level 1, 401 Collins Street, Melbourne, Vic., 3000, GPO Box 2282U, Melbourne, Vic., 3001.
Telephone (03) 9629 6888, Facsimile (03) 9629 1250
Email: Website: www.haoma.com.au
Perth Office:
Suite 22 Piccadilly Square 7 Aberdeen Street, Perth, W.A.

6000
Tel: (08) 9325 4899
Fax: (08) 9221 1341
September 14, 2009
Company Announcements Office
Australian Stock Exchange
Level 45, Rialto South Tower
525 Collins Street
MELBOURNE.

VIC.

3000
INITIAL IRON ORE MINERAL RESOURCE ESTIMATE FOR
MT WEBBER HEMATITE DEPOSIT
• Initial Inferred Mineral Resource for Haoma"s 25%/Giralia"s 75% owned Mt Webber
deposit at the Daltons JV.
o Overall Resource 40.0 million tonnes @ 57.3%Fe (62.3% CaFe) and 1.42% Al2O3
o Includes higher grade zone of 24.6 million tonnes @ 59.0%Fe (64.2% CaFe) and
1.33% Al2O3 with an Fe cut-off of 57%
• This maiden estimate for the Mt Webber deposit is based on a 40 hole first pass drilling
program completed in May to August 2009.
• The low alumina resource is near-surface, and within road haulage distance of Port
Hedland.
• Mining Scoping Study commenced to evaluate development options.
• Recent rock sampling and mapping of areas of hematite potential within the Daltons JV
has identified targets for resource growth, particularly immediately north of the Atlas
Iron resource on the western range at Mt Webber.
The Directors of Haoma Mining are pleased to report the initial Inferred Mineral Resource for the
Mt.

Webber iron ore deposit, part of the Company"s Daltons Joint Venture (Haoma 25% interest
with Giralia Resources NL ("Giralia") 75% interest), located 150 kilometres south of Port Hedland
in the Pilbara region of Western Australia.

Haoma retains 100% of gold/silver and tin/tantalum
mineralisation.
The low alumina mineralisation at Mt Webber appears to be a flat lying hematite-goethite enrichment
cap up to 70 metres thick, with mineralisation starting from surface in many holes.
The Daltons JV tenements at Mt Webber directly adjoin Atlas Iron Limited"s ("Atlas") Mt Webber
prospect.

Atlas recently reported an initial resource estimate of 32.62 million tonnes @ 57.3% Fe on
its tenement at Mt Webber.
Daltons JV ‐ Mt Webber Iron Ore Project ‐ Mineral Resource Estimate
at 11 September 2009 (Fe Grade Cutoff >50 %)
Deposit Category Tonnes (Mt) Fe % P % SiO2 % Al2O3 % LOI % CaFe%
Main Southern
Zone Inferred 33.76 57.9 0.093 6.39 1.44 8.19 63.06
Lenses below
Main Zone Inferred 4.36 53.7 0.045 15.39 0.51 6.33 57.3
Northern Zone Inferred 1.89 54.8 0.070 8.22 3.28 8.57 59.9
Total Inferred 40.0 57.3 0.086 7.46 1.42 8.00 62.3
Calcined Iron grade (CaFe) is a measure of iron content upon removal of volatiles (i.e.

LOI).
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Haoma"s Chairman Gary Morgan made the following comment regarding the maiden Mt Webber resource:
"This is an important outcome for Haoma shareholders.

Mt Webber is a ‘greenfields" area with the
discovery of an ‘easy to mine" direct shipping hematite resource within trucking distance of Port
Hedland.

The low alumina content, and high LOI should make this ore saleable, and the deposit is right
at surface.

The mining Scoping Study will outline the Joint Venture"s various development options."
Internationally recognised geological consultants CSA Global Pty Ltd (CSA) were commissioned by the
Daltons JV to complete the initial resource estimate for the Mt Webber deposit.

Methodology, procedure
and parameters used for the Mineral Resource estimate are detailed below in the CSA summary report
(Annexure 1).

Delineation of this updated Mineral Resource is based on 40 reverse circulation ("RC") drill
holes completed to date at Mt Webber by the Joint Venture in May to August 2009, which returned
intersections including; 70 metres from surface @ 58.4% Fe, including 54 metres @ 60.9% Fe,
1.5%Al2O3, 52 metres @ 60.5% Fe 1.3% Al2O3 from 4 metres depth, 60m @ 58.6% Fe from surface,
including 44m @ 60.1% Fe, 1.7% Al2O3 and 68m @ 60.9% Fe, 0.7% Al2O3 from surface.
Additionally, earlier drilling of the smaller Northern Hill returned results including 16 metres @ 58.5%
Fe, and 34 metres @ 55.1% Fe.
Recent rock sampling and mapping of areas of hematite potential within the Daltons JV has identified
targets for resource growth, particularly immediately north of the Atlas Iron resource on the western range
at Mt Webber.
Figure 1: Pilbara Area Project Location Map (Source: Moly Mines Ltd)
Now included in the above map are locations of Haoma"s projects at Bamboo Creek, Normay Mine,
BGC Dolerite Quarry at Cookes Hill, Daltons JV at Mt Webber and the Comet Mine)
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Figure 2: Location plan Daltons GIR/HAO JV tenements 100% Haoma"s Soansville Mining Leases
(M 45/780, M 45/847)
The information in this report that relates to in-situ Mineral Resources is based on information compiled by Mr Chris
Allen of CSA Global.

Mr Chris Allen takes overall responsibility for the Report.

He is a Member of the Australian
Institute of Geoscientists and has sufficient experience, which is relevant to the style of mineralisation and type of
deposit under consideration, and to the activity he is undertaking, to qualify as a Competent Person in terms of the
‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves" (JORC Code 2004
Edition).

Mr Chris Allen consents to the inclusion of such information in this Report in the form and context in which it
appears.

The information in this report that relates to Exploration Results is based on information compiled by R M
Joyce, who is a Member of the Australasian Institute of Mining and Metallurgy and a full time employee of Giralia
Resources NL.

Mr Joyce has sufficient experience which is relevant to the style of mineralisation and type of deposit
under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004
Edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves".

Mr Joyce
consents to the inclusion in the report of the matters based on his information in the form and context in which it
appears.
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Figure 3: Daltons JV Mt Webber iron ore prospect.

JV tenements in Yellow
Figure 4: Mt Webber Cross Section
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Figure 5: Photograph of Mt Webber looking south showing GIR/HAO drilled area in foreground
For further information, please contact:
Gary Morgan: Chairman +613 9224 5213 (W)
+61 411 129 094 (M)
Yours sincerely,
Gary C.

Morgan
Chairman
ANNEXURE 1




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