AEROMAGNETIC SURVEY INDICATES SUBSTANTIAL MAGNETITE POTENTIAL,...

AEROMAGNETIC SURVEY INDICATES SUBSTANTIAL
MAGNETITE POTENTIAL, FERAL PROSPECT, MID WEST REGION,
WESTERN AUSTRALIA


Red River Resources Limited (ASX: RVR “Red River”) is pleased to announce that a recently completed
aeromagnetic survey over E70/227, the Feral Prospect, has indicated substantial magnetite potential within the
tenement. The aeromagnetic data is displayed in Figure 1 and indicates that the permit area contains highly
magnetic banded iron formation, averaging a total width of 600 metres, over a strike length of 20 kilometres. In
surface expression and aeromagnetic field strength, the Feral prospect area is very similar to other nearby banded
iron formation hosted magnetite deposits such as the Karara magnetite deposit 40 kilometres to the east.

The area will require drilling to delineate mineralised resources as defined by the JORC code. As a guide to what
may eventuate, Gindalbie Metals Limited has published an Inferred Resource of 737 million tonnes at 37.1% Fe
for the Karara deposit. The published resource occurs over a strike length of 8 kilometres.

Displayed on Figure 1 are also the locations of hematite enrichments discovered as a result of surface rock chip
sampling over the last three months. The aeromagnetic data also provides valuable information on the setting of
these deposits, details on which are provided in Appendix 1.