Company Information for Giralia Resources NL

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Company Statement

Giralia Resources NL ("ASX: GIR") is a well funded mineral exploration company based in Perth, Western Australia, aggressively exploring a high quality suite of prospects, including several advanced 100% owned Iron Ore projects in key Pilbara and Midwest provinces which are the Company's major exploration and development focus. Giralia held $73 million in cash at 30 September 2008.

The Company's focus is on rapid resource growth targeting hematite DSO (Direct Shipping Ore) close to existing or planned infrastructure:

• initial (December 2007) Beebyn JORC hematite iron ore resource on the Weld Range in the emerging mid-west region of Western Australia
• new (July 2008) JORC resource at the Western Creek DSO discovery in the Pilbara region

Additionally, shareholders have exposure to a multi-commodity portfolio of exploration properties, including the Lake Frome Joint Venture around the operating Beverley uranium mine in South Australia, the 100% owned 170,000 ounce Snake Well gold project and the Daltons nickel sulphide Joint Venture.

Shareholders have additional leverage to exploration success through the activities of ASX listed companies PacMag Metals Limited ("ASX: PMH"), U3O8 Limited ("ASX: UTO, UTOO"), Zinc Co Australia Limited ("ASX: ZNC, ZNCO") and Carpentaria Exploration Limited ("ASX:CAP") in which Giralia holds significant stakes, held largely as a result of the spin-off of independently managed and funded companies over the last 2 years. The spin-off strategy has resulted in the anticipated acceleration of several major, drill-intensive projects previously held by Giralia toward development, whilst Giralia shareholders have benefited through priority IPO entitlements and in specie distributions.

Current Operations

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, Marra Mamba iron ore as direct extensions to BHP Silver Knight deposit. Initial Inferred Mineral Resource 29.4 million tonnes @ 57.6% Fe. Deposit is near surface, with several zones open ended. 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, (100%) – CID (Pilbara) – Channel iron deposit (CID) mesa, new drill intersections include 12 metres @ 56.1 % Fe, 10 metres @ 57.2% Fe, 14 metres @ 55.9% Fe.  Initial Inferred Mineral Resource 5.17 million tonnes @ 53.6% Fe (60.4%CaFe). Daltons (75%) - Hematite (Pilbara) – newly discovered 600 metre by 450 metre zone of massive hematite outcrop, grades average 63.3% Fe only 40km from FMG, BHP rail lines.

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
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.

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

Geographical Spread

Board of Directors and Key Management

Graham Douglas Riley	Chairman
Stanley Allan Macdonal	Director
Rodney Michael Joyce	Director

Company Address Level 2 33 Ord Street West Perth Western Australia, 6005 Telephone: 61 8 9481 4440 Facsimile: + 61 8 9321 0070 Email: info[at]giralia.com.au Website: http://www.giralia.com.au

Capital 178 million fully paid shares

Annual General Meeting November

Year End 30 June

Major Shareholders

SA Mingma BV	17,500,000	9.94
HSBC Custody Nominees Australia	11,718,808	6.65
Yandal Investments Pty Ltd	10,208,468	5.80
Breamlea P/L – J & E Macdonald A/c	9,952,570	5.65
ANZ Nominees Ltd Cash Income A/c	6,872,323	3.90
Macdonald Stanley Allan	6,159,520	3.50
National Nominees Ltd	5,732,620	3.25
HSBC Custody Nominees Aust Ltd	4,120,569	2.34
Riley Graham D & A M Riley S/F A/c	3,385,015	1.92
Tilbrook John Bevan	3,000,000	1.70
Grey Willow Pty Ltd	3,000,000	1.70
Crescent Nominees Ltd	2,920,284	1.66
Granich Nada	2,100,000	1.19
Berne No 132 Nominees P/L 399949 A/c	2,000,000	1.14
Equity Trustees Ltd ACFLowell Res Fund	1,642,298	0.93
Hernstadt William Henry	1,360,000	0.77
Maxigold Hldgs P/L Mgr Thomson Super	1,265,000	0.72
Aust Executor Trustees Ltd Van Rens S/F A/c	1,100,000	0.62
J P Morgan Nominees Aust Ltd	1,055,661	0.60
Flexiplan Mgnt P\L Susan Thomas PSF A/c	965,858	0.55

Related News

02/09/08 - Investors Who Haven’t Done The Numbers On Giralia Resources’ Iron Ore Properties Might Be Missing A Trick
12/11/07 - Giralia Brings Back Memories Of Iron Ore And Giant Goannas
05/04/07 - Giralia’s Spin-Off Policy Pays Off

Most Recent Statement

19/11/08 - Western Creek JORC Resource Increased
29/10/08 - Quarterly Activities Report
22/10/08 - Giralia Expands Western Creek Project
25/09/08 - Full Year Statutory Accounts
05/09/08 - SandP Announces SP/ASX Index Rebalance
03/09/08 - Iron ore drilling and permitting update