more iron ore, page-9

The Caltowie tenement (EL3242) is owned by Flinders Mines Ltd. In March 2007, Copper Range entered into a farm-in agreement, in which it can earn up to a 90% interest in all metal discoveries on Flinders Mines’ Adelaide Fold Belt tenements. By virtue of its expenditure to date, Copper Range currently has a 50% interest in the metal rights.
The review of the Caltowie tenement recommended that ground magnetic surveys, gravity surveys and reverse circulation (RC) drilling should be undertaken to best identify and characterise the resources in the area. In addition, it has also recommended an evaluation of the copper potential within the tenement, and the adjacent tenement to the north, which host historic copper workings.
ENDS
For further information please contact;
Rob Scargill James Moses
Managing Director Media and Investor Relations
Copper Range Ltd Ph: 0420 991 574 Ph: 0418 775 298
E: [email protected]
 
Competent person statement
Mr Michael Ware (FAusIMM), an employee of Copper Range Limited, compiled the technical aspects of this report. Mr Ware is a Fellow of The Australasian Institute of Mining and Metallurgy and has sufficient experience that is relevant to the style of mineralisation and the type of deposits under consideration and to the activity that is being reported on to qualify as a Competent Person as defined in the September 2004 edition of the “Australasian Code for Reporting of Mineral Resources and Ore Reserves“. Mr Ware consents to the inclusion in this report of the matters in the form and context in which they appear.
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