Major Projects

Iron Ore

Beebyn-Weld Range, (MidWest) – Adjoins Midwest-Sinosteel JV deposits. Initial JORC hematite DSO resource 7.2 million tonnes @ 57.2% Fe for half of prospective zone. Drill intersections 38 metres @ 60.6% Fe, 24 metres @ 62.4% Fe. Major upside at nearby Beebynganna Hills project, where 7 new zones of hematite have been discovered.

Western Creek, (10 km W of Newman) – Adjoins Mt Newman mining leases, outcropping Marra Mamba iron ore to 63.5% Fe as direct extensions to BHP Silver Knight deposit. Drilling intersections include 50 metres @ 60.4% Fe.

Earaheedy, (200 km S of Newman) – Historic surface rocks 75 metres @ 62 %Fe, drilling 14 metres @ 59.3% Fe. 23 known hills of hematite outcrop with rock sample grades over 57% Fe within 130 kilometres of iron formations on Giralia tenements, with shallow dips indicating large tonnage potential.

McPhee Creek, Giralia holds 100% interest in a tenement application covering the McPhee Creek iron ore project, located 220 kilometres south-east of Port Hedland in Western Australia's Pilbara Block.

Yerecoin, Giralia's 100% owned Yerecoin project is located 10 kilometres east of New Norcia and 150 kilometres north of Perth, within 1 kilometre of existing rail access. Outcropping banded iron formations of the Archaean Jimperding Metamorphic Belt occur within the tenement area, and significant extensions beneath laterite cover are inferred from aeromagnetic interpretation.

Uranium

Lake Frome JV, South Australia (Uranium) – tenements surround operating Beverley in-situ leach uranium mine; very prospective for extensions/repeats. Giralia free carried at 25% to decision to mine.

Gold

Snake Well, Western Australia (Gold, Zinc – 100% owned advanced gold project , with existing gold resource of 2.84 million tonnes @ 1.9 g/t Au, plus numerous immediate drilling targets along a 15 kilometre magnetic unit with RAB and RC intersections including 8 metres @ 25.3 grams per tonne gold, 13 metres @ 6.32 grams per tonne gold, etc. Nearby felsic volcanics host high grade zinc intersections.

Nickel

Daltons JV, Western Australia (Nickel, Platinum Group Elements-PGE) – Giralia has earned 75% interest in 2 tenements in the Pilbara block of WA, with high grade nickel intersections in previous drilling, and surface gossans with extraordinary PGE grades.

Copper

Blue Rose JV, South Australia (Copper, Gold) – major joint venture with widespread copper, gold anomalies and geophysical targets. RC and RAB/aircore drilling returned significant intersections including 24 metres @ 2.14% copper and 48 metres @ 1.01 grams per tonne gold, 0.82% copper.

Other

Ashburton JV, Western Australia (Gold) – key landholding in exciting new gold province. (Total of $4.7 million in partner funded exploration).

Yuinmery JV, Western Australia (Gold) – control of almost entire Archaean greenstone belt. Untested high order gold in soil anomalies.

Kathleen Valley JV, Western Australia (Gold, nickel, tantalum) – gold resources and nickel, tantalum prospectivity 5 kilometres from the
Cosmos nickel mine. Drilling on gold targets in mid 2002 returned high grades, including 5.9 metres @ 12.1 grams per tonne gold.

Cardinals JV, Western Australia (Copper, Zinc, Lead) – advanced base metals projects with ore grade drill intersections.

Mt James JV (Clevermary/Big Bend), Western Australia (Gold, zinc) – two contiguous tenements in the Gascoyne Province. Clever Mary covers a 'greenstone hosted' gold prospect with ore grade/width intersections. Big Bend is a possible 'sedex' zinc occurrence in Mid Proterozoic sediments. Talisman Mining NL has agreed to earn 60% interest.

Cookes Creek West JV, Western Australia (nickel, copper) -