🕐24.08.09 - 03:58 Uhr

HAOMA MINING NL [HAO] - DALTONS JV PROGRESS REPORT



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
August 24, 2009
Company Announcements Office
Australian Stock Exchange
Level 45, Rialto South Tower
525 Collins Street
MELBOURNE VIC.

3000
FURTHER STRONG HEMATITE INTERSECTIONS FROM
MT WEBBER
Haoma Mining (25%) and Giralia Resources (75%)
Dear Sir,
• Further assays received from initial iron ore drilling of main southern hill at Mt Webber.
More thick high grade low alumina intersections;
o Hole RCDW028; 52m @ 59.2% Fe, 1.2% Al2O3 from 14 metres depth, and
20m @ 58.4% Fe, 0.4% Al2O3 from 84 metres depth
o Hole RCDW029; 34m @ 60.5% Fe, 1.0% Al2O3 from surface
o Hole RCDW032; 38m @ 58.6% Fe, 1.5% Al2O3 from 10 metres depth
• Hematite-Goethite mineralisation interpreted as a flat lying enrichment zone capping the main
southern hill, 400 to 500 metres wide, 450 to 700 metres long with thicknesses 30 to 70 metres.
• Mineralisation starts at or close to surface on top of large hill so very minor pre strip and waste
mining required.
• Initial resource estimate and Scoping Study to be commissioned on receipt assay results for
remaining 5 holes.
• Project located only 150 kilometres south of Port Hedland, potentially close enough for trucking
operation to port, and also close to existing rail.
The Directors of Haoma Mining NL are pleased to report further promising assay results from initial
drilling of the main southern hill at the Mt Webber iron ore prospect.

Mt Webber is 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 rights to 100% of the gold/silver and tin/tantalum mineralisation.
A substantial zone of strong hematite enrichment has been defined by the Daltons JV at Mt Webber,
directly adjoining 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.
Assay results previously reported on July 31, 2009 (www.haoma.com.au/2009/Haoma_Q4_2008-
09_Activities_Report.pdf) and August 18, 2009 (www.haoma.com.au/2009/Haoma_ASX_18_Aug_09.pdf)
from the main southern hill on the Giralia/Haoma Daltons JV tenements include; 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, and 60m @ 58.6% Fe from surface, including 44m @ 60.1%
Fe, 1.7% Al2O3.

The low alumina mineralisation starts at or near surface, and appears to be a flat
lying hematite-goethite enrichment cap up to 70 metres thick.
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New results just received include Hole RCDW028; 52m @ 59.2% Fe, 1.2% Al2O3 from 14 metres
depth, and 20m @ 58.4% Fe, 0.4% Al2O3 from 84 metres depth, Hole RCDW029; 34m @
60.5% Fe, 1.0% Al2O3 from surface, and Hole RCDW032; 38m @ 58.6% Fe, 1.5% Al2O3 from
10 metres depth (see Table 1).
Results are awaited for 5 holes, following which an initial resource estimate will be commissioned
incorporating all drilling data from this first drill phase.

Additionally a scoping level mining study
will investigate development options.

Importantly, Mt Webber is potentially close enough to Port
Hedland to allow contemplation of road transport.
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 the Company.

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 the information in the form and context in which it appears.
Figure 1: Location plan Daltons JV tenements (Haoma 25%, Giralia Resources NL 75%)
3
Table 1: Intersections at Mt Webber Southern (main) Hill, RC drilling July-August 2009:
Hole No
Coordinates
East North
MGA94_50 Dip/Az Depth
(m)
From
(m)
To
(m)
Interval
(m)
Fe
(%)
P
(%)
SiO2
(%)
Al2O3
(%)
LOI
*RCDW017 738861 7617251 60/90 76 2 34 32 58.4 0.05 6.8 1.7 7.4
*RCDW018 738953 7617244 60/90 88 0 58 58 58.3 0.11 4.4 1.9 9.4
incl.

6 56 50 59.6 0.11 3.1 1.4 9.2
*RCDW019 739050 7617249 60/90 88 0 82 82 55.1 0.07 8.9 1.8 8.9
incl.

16 66 50 57.9 0.07 5.6 1.8 8.5
#RCDW020 739156 7617245 60/90 106 14 66 52 58.7 0.11 3.2 1.7 10.2
and 78 86 8 55.6 0.06 12.15 0.8 6.7
#RCDW021 739260 7617247 60/90 118 0 60 60 58.6 0.10 6.1 1.7 7.8
incl.

14 58 44 60.1 0.11 3.6 1.7 8.4
#RCDW022 739307 7617348 60/90 100 0 70 70 58.4 0.09 6.7 1.6 7.4
incl.

16 70 54 60.9 0.10 3.2 1.5 7.7
incl.

26 54 28 63.3 0.10 1.7 1.0 6.9
and 86 100 14 51.7 0.02 18.5 0.5 5.9
#RCDW023 739205 7617356 60/90 106 0 40 40 57.0 0.07 8.7 1.3 6.9
incl.

6 34 28 58.9 0.07 6.3 1.1 6.8
#RCDW024 739106 7617350 60/90 100 0 34 34 57.9 0.06 8.6 1.7 6.0
incl.

0 30 30 59.0 0.06 7.0 1.9 6.0
#RCDW025 738995 7617363 60/90 106 2 20 18 56.2 0.11 7.5 4.0 7.2
incl.

12 20 8 61.5 0.15 4.1 1.2 6.7
and 26 44 18 59.0 0.15 5.4 1.4 8.5
#RCDW026 739334 7617446 60/90 130 4 56 52 60.5 0.10 4.9 1.3 7.2
incl.

8 56 48 61.3 0.10 3.9 1.3 7.2
and 82 100 18 54.8 0.01 15.0 0.3 5.6
#RCDW027 739265 7617445 60/90 124 4 52 48 59.2 0.1 5.4 1.5 7.5
and 96 102 6 52.5 0.02 19.3 0.3 4.9
RCDW028 739324 7617544 -60/90 123 14 66 52 59.2 0.09 5.3 1.2 7.9
and 82 108 26 56.8 0.04 10.2 0.4 6.3
incl.

84 104 20 58.4 0.03 8.5 0.4 6.1
RCDW029 739160 7617447 -60/90 106 0 34 34 59.2 0.08 5.9 1.0 7.5
RCDW030 739196 7617546 -60/90 100 0 42 42 56.2 0.08 7.9 1.1 9.1
RCDW031 739053 7617449 -60/90 106 8 14 6 58.5 0.08 7.1 1.5 7.2
and 24 38 14 59.4 0.16 3.5 1.9 8.6
RCDW032 738952 7617459 -60/90 124 10 48 38 58.6 0.07 6.6 1.5 7.3
RCDW033 739125 7617645 -90 112 4 64 60 54.6 0.13 10.5 0.8 9.1
incl.

30 48 18 58.5 0.15 5.7 0.8 9.1
RCDW034 739229 7617864 -60/90 88 0 44 44 52.8 0.10 12.6 1.1 9.5
RCDW035 739221 7617761 -90 106 0 22 22 57.7 0.12 5.2 1.1 10.0
*Holes RCDW017,018 and 019 reported 3 August 2009.
#Holes RCDW020 to 027 reported 18 August 2009.
RC drill samples collected as 2m composites.

Intersections quoted using lower cut-offs of 50% Fe.

All coordinates in
MGA Zone 50 GDA 94, by hand held GPS (± 5m).

XRF analyses by Spectolab Laboratory Geraldton.

QA/QC included
typically field duplicate samples and two standards (Certified Reference Material), comprising one coarse standard and
one pulverised standard for each drill hole.
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Figure 2: Daltons JV Mt Webber Iron Ore Prospect.

JV tenements in Yellow
(Haoma 25%, Giralia Resources NL 75%)
Figure 3: Mt Webber Cross Section
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Other Haoma Tenements in the Pilbara
Haoma has many other Pilbara tenements that have indicators which could result in commercial
quantities of iron ore.
Surface sampling and mapping has previously identified several zones of outcropping which obtained
high grade Hematite iron ore on Daltons Joint Venture tenements - refer to Haoma"s August 8, 2008
Announcement to the ASX.

(www.haoma.com.au/2008/Haoma_ASX_08_Aug_08_Daltons_JV.pdf)
For further information, please contact: Gary Morgan: Chairman +61 411 129 094
Yours sincerely,
Gary C.

Morgan
Chairman




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