(Thanks Adam Smith)IBR Iberian Resources Ltd:...

(Thanks Adam Smith)

IBR Iberian Resources Ltd: http://www.iberianresources.com/
Listed Nov 2004.
Shares: 67.7 mill and 9.9 mill Manag. Options 2008-09. Share price: 47 cents. 31 Sept: Cash $1.084 mill.

PROJECTS-The Website is out of date.

PRESENTATION: Nov 2005: http://stocknessmonster.com/news-item?S=IBR&E=ASX&N=306744

Extracts. Also some Announcements-dates given:
! Resources increased to over 610,000 ounces at the Montemor Gold Project in Portugal. Pre feasibility study has commenced.

! The Company and Global Gold Corp have successfully completed the acquisition of of Sipan 1 LLC, the 100% owner of the of the Lichkvaz Gold Project and associated plant and infrastructure in Armenia". Comment: IBR holds 80% and is in charge.

! The Company is finalising an initial JORC estimate for the Lichkvaz-Tey Deposit Gold Project.

PORTUGAL and ARMENIA
! Resource (JORC) : 0.6 million ounces. ! 12 month target: +2.5 million ounces.

! Long term target potential*: +6 million ounces.
! Two advanced gold projects with first production in six to twelve months.

*Whilst this is an objective of the Company there is no guarante that this target can be achieved.

PORTUGAL:
Montemor project: 610,00 ounces gold
"Complete pre feasibility study on the Montemor Gold Project based on 400,000t at +4g/t Au per year for an initial 4 years at 40,000 to 50,000 ounces per year".

! +2 Moz gold field likely with further drilling at Montemor.
100% control of the Montemor Greenstone Belt in Portugal

24 Oct 2005: Resource Upgrade at Montemor
http://stocknessmonster.com/news-item?S=IBR&E=ASX&N=302975

Chamine Deposit: 155,000 ounces gold.
5 Oct 2005: High grade gold intersected at Chamine deposit:
http://stocknessmonster.com/news-item?S=IBR&E=ASX&N=301111

Casas Novas Deposit: 165,000 ounces gold- High grade underground.



ARMENIA:
Lichkvaz Gold project
! Immediately commenced the fast track re-development of the
Lichkvaz Gold Project.

! Gold production is targeted to recommence in six to twelve
months at approximately 60,000 ounces per annum. The Company will then assess options to increase gold production towards 150,000 ounces per annum.

"World Class gold project with potential to host a +4 Moz Moz field field with further exploration".

! Modifying the existing gold treatment plant at low capital cost.
The result will be the capacity to process greater tonnages with substantially higher recoveries.

14 Nov 2005: Lichkvaz Gold Project Update-Please read:
http://stocknessmonster.com/news-item?S=IBR&E=ASX&N=305415
_________

! Commenced the re commissioning of the Lichkvaz-Tey
underground mine to gain access to high grade gold feeder
shoots (approximately 20g/t gold).
_______

! Initial analysis of tailings dams indicates a gold content of approximately 3g/t gold. Re-treatment of these tailings may provide another source of early, exceptionally low-cost production.

! Currently mining and stockpiling high grade gold ore from the Terterasar Deposit located to the north of the Lichkvaz- Tey Deposit. Oxide ore at the Terterasar Deposit is being mined at a head grade of +10g/t gold.

! Finalising an initial JORC estimate for the Lichkvaz-Tey and Terterasar Gold Deposits. Resource estimates have been previously reported for both deposits in the Former Soviet Union C1 and C2 categories.

Lichkvaz-Tey Tey Deposit Deposit
•Existing underground development. •2km strike length •400 metres deep. •Open in all directions

+++++++++++++++++++++++++++++

Gerry
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