Company Information for Giralia Resources NL

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Company Statement

Giralia Resources NL is a mineral exploration and mining company first listed on the Australian Stock Exchange ("ASX") in 1987.

Giralia's primary objective is the discovery of significant mineralisation through the identification, acquisition and exploration of targets with the potential for world class mineral deposits.

Shareholders have exposure to a multi-commodity portfolio of mineral exploration properties in Australia and overseas, which the Company acquired at the bottom of the market. Where clear, high potential targets amenable to rapid testing are identified, Giralia seeks to maximise its involvement by sole funding exploration programs on 100% owned projects to accelerate development.

The Company is both a project incubator and an active explorer in its own right, with Giralia-managed exploration activity for iron ore, gold and nickel.

Giralia has unlocked substantial shareholder value through commodity specific spin-offs, and holds significant interests in ASX listed companies PacMag Metals Limited ("PMH"), Red Hill Iron Ltd ("RHI") U3O8 Limited ("UTO") and Zinc Co Australia Limited ("ZNC").

The intended spin-off of Carpentaria Exploration Limited has also been announced. 

Current Operations

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.

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.

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.

Beebyn, Western Australia (Iron ore) – large 100% owned iron ore prospective tenement package in the Mid West iron ore province.

Earaheedy, Western Australia (Iron Ore) – major 100% owned project with high grade iron at surface.

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.

Western Creek, This 100% owned tenement located 10 kilometres west of the town of Newman in the Pilbara Region of Western Australia and adjoins the Mt Newman iron-ore mining leases to the west.

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.

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.

Geographical Spread

Board of Directors and Key Management

Graham Douglas Riley B.Juris L.L.B. (Chairman)

Mr Riley is a qualified legal practitioner, having gained his Bachelor of Law and Bachelor of Jurisprudence Degrees in 1975. He joined the commercial law firm of Downing & Downing in 1976 and was admitted as a partner the following year. After 10 years legal practice in this capacity he resigned to pursue his growing interests in the resources and exploration sector, where he continues to act in various non-executive capacities. Mr Riley is a Director of Arc Energy NL.

Stanley Allan Macdonald

Mr Macdonald is a major shareholder in the Company and has been associated with the mining and exploration industry for over twenty years.

Rodney Michael Joyce BSc (Hons), MSc.

Mr Joyce is a geologist with over 20 years experience in mineral exploration, following graduation in 1979 with a BSc (Hons) degree in Geology from Monash University. He also holds a MSc in Mineral Exploration from the Royal School of Mines, University of London, UK. Prior to joining Giralia as Exploration Manager in late 1998, he was the leader of a successful gold exploration team at Aberfoyle Resources Ltd responsible for significant gold discoveries at Khartoum (Carosue Dam) and Davyhurst in Western Australia.

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 137 million fully paid shares

Annual General Meeting November

Year End 30 June

Major Shareholders

Name	Units as at 31/12/06	%
Westpac Custody Nominees Ltd	12,331,675	8.20
National Nominees Limited	11,195,256	7.44
Yandal Investments Pty Ltd	10,208,468	6.78
Breamlea Pty Ltd	10,037,500	6.67
ANZ Nominees Limited	6,199,093	4.12
Macdonald Stanley Allan	6,159,520	4.09
Crescent Nominees Ltd	5,060,015	3.36
J P Morgan Nominees Aust P/L	3,609,281	2.40
Satinbrook Pty Ltd	3,385,015	2.25
Tilbrook, John Bevan	2,918,646	1.94
Grey Willow Pty Ltd	2,853,324	1.90
Granich Nada	2,100,000	1.40
Colbern Fiduciary Nominees	2,000,000	1.33
Equity Trustees Ltd	1,614,692	1.07
HSBC Custody Nominees	1,193,693	.79
Maxigold Holdings Pty Ltd	1,161,994	.77
RBC Dexia Investor Services	1,010,000	.67
Der La Noble Corporation Ltd	974,000	.65
Hernstadt William Henry	900,000	.60
Jenkins Euan William	883,923	.59
Total	85,796,095	57.02

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

03/09/08 - Iron ore drilling and permitting update
08/08/08 - Significant iron ore results from Daltons and Mc Phee Ck
08/08/08 - HAO: Progress Report - Daltons Joint Venture
29/07/08 - Quarterly Cashflow Report
29/07/08 - TLM:Relinquishment of Mount James/Bustler Well Gold Projects
29/07/08 - Quarterly Activities Report