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GIR - Giralia Resources

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I think it is essential that the management of MMX and MIS reach agreement (in terms of the money that needs to be spent on infrastructure to ramp up, it is essential for the outcome of both - cost savings etc).

Giralia could farm-in with MIS on Beebyn-weld range. They also have another deposit just to the south to drill. To mine Earaheedy once they prove up reserves (north of Wiluna and further west than Weld Range/Jack hills), they will need that rail line built by the merged group to mine (unless they go north/west). Does anyone have any idea as to the geographical solutions? I'm a bit lost with all of this. After looking at FMG's cost on rail line, everyone needs to cost share!
 
There is a lot of news to come from Giralia before Christmas
- first ever assay drill results x 40 on Eeraheedy iron ore (where they hope to prove up +1billion tonne of DSO)
- initial JORC resource for Beebyn/weld range (next to MIS)
Hopefully, this should see an upward move in SP when these announcements come through for some Christmas cheer!
 
gday mate seems to be a good day for gir but price disappoint me a bit, but no worry a series good news goning to come out and most important thing is build up investor's confidence it is a really a good stock isn't it :)
 
louisapple said:
gday mate seems to be a good day for gir but price disappoint me a bit, but no worry a series good news goning to come out and most important thing is build up investor's confidence it is a really a good stock isn't it :)
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Note that first round of Eeraheedy drillings only followed the roads already there due to them wanting to get in early (without certain other approvals which would have taken longer) so they were not digging at many of their more attractive targets (although it still was pretty good). Second round drilling will go off the beaten track to target higher grade per groundmags. Look out for these, they should be better grade.
 
There's a few that have been smashed during the 'crash' but few have risen and fallen like this. They've got so many projects and investments that will bear fruit too. Really desperate fall. Not surprising in the sence that they went up so fast, punters must have just scrambled to get out. Still hard to judge fundamentally. Are they a holding company, or a miner? No idea....:confused:
 

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Kennas....my thoughts....
Well Red Hill Iron RHI might make it (previous spin-off). You know, I wouldn't be surprised if Murchison Metals start talking with them for iron ore deposits around Jack Hills (after MIS falling through). Murchison have stated before if MIS didn't work out, there were others around the area that they would go and talk to. Eeraheady - that is massive....pity about the location (some 100km further inland from proposed rail end). I am holding for deposits around Murchison/MIS and others up in the Pilbara. Eeraheady might not make it this iron ore boom....... I don't think they are miners themselves.....just finders. The experts seem to come to them.
 
grace said:
Kennas....my thoughts....
Well Red Hill Iron RHI might make it (previous spin-off). You know, I wouldn't be surprised if Murchison Metals start talking with them for iron ore deposits around Jack Hills (after MIS falling through). Murchison have stated before if MIS didn't work out, there were others around the area that they would go and talk to. Eeraheady - that is massive....pity about the location (some 100km further inland from proposed rail end). I am holding for deposits around Murchison/MIS and others up in the Pilbara. Eeraheady might not make it this iron ore boom....... I don't think they are miners themselves.....just finders. The experts seem to come to them.
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You know everyone seems to know of Sundance and their +1 billion tonne target iron ore in Africa with what, some 600km rail to build. How many people know of Giralia's Eeraheady +1billion tonne iron ore target in Australia 100 kms from proposed rail line at Wiluna (east of MMX and MIS)? Giralia is just not as well known. I think they should spin-out all of their iron ore holdings very quickly.....

SDL MC = $543 mill
GIR MC = $140 mill
 
Giralia has started drilling Western Creek deposit (10km extension to BHP Silver Knight Deposit 10kms west of Newman). Wow, on the sattelite map you can see the open pit Mt Whaleback mine - it is massive (just down the road).
Accouncement out today.
Giralia seem to have quite a few drill rigs working at present. Hopefully a continual flow of news on the iron ore front this year.
 
I seem to be talking to myself here but good announcement out today. Giralia have been granted the Beebyganna Hills tenement and will start drilling this iron ore deposit late March. Target is 30 - 50 mill tonne of DSO Hematite. Beebyganna Hills is 15kms south of Weld Range (MIS + Giralia), where planned rail line will go to front door. Here is the announcement, samples are very high % in past (see map).

http://aspect.comsec.com.au/asxdata/20080219/pdf/00813238.pdf
 
hi Grace just thought id ad my 2cents worth just to stop you feeling lonely. Don,t worry i,ve been keeping an eye on this stock to and what they have could potentialy be huge . Three very real iron ore prospects with western creek , beeybyn range and eraheedy which is right next door to large rio and bhp holdings, could potentaily be on a winner with this volitile stock.
 
Some excellent drilling results out today at Western Creek (10km from Newman) and next door to BHP. Selected intercepts below. All hits are DSO!


THICK ZONES OF IRON ORE INTERSECTED FROM SURFACE AT
100% OWNED WESTERN CREEK PROJECT

• Thick near-surface intersections of direct shipping ("DSO") Marra Mamba iron ore
mineralisation from initial drilling of Giralia's 100% owned Western Creek project,
testing direct extensions to BHP's Silver Knight iron ore deposit (10 kilometres west of Newman).

Initial results include:

42 metres @ 59.1% Fe from surface, includes 34 metres @ 61.1% Fe

44 metres @ 58.4% Fe from 2 metres, includes 28 metres @ 60.4% Fe

34 metres @ 57.2% Fe from 6 metres, includes 16 metres @ 60.5% Fe

The Directors of Giralia Resources NL ("Giralia") are very pleased to report significant iron ore intersections from initial RC drilling at the Company's 100% owned Western Creek iron ore project, located 10 kilometres west of the town of Newman in the Pilbara Region of WA.
 
grace said:
Some excellent drilling results out today at Western Creek (10km from Newman) and next door to BHP. Selected intercepts below. All hits are DSO!
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And a few more:

• Assays for a further 7 holes just received from initial drilling of Giralia's 100% owned Western Creek project (10 kilometres west of Newman) show more thick near-surface intersections of direct shipping ("DSO") Marra Mamba iron ore. New results include:

50 metres @ 60.4% Fe from surface,
42 metres @ 60.2% Fe from surface,
38 metres @ 58.6% Fe from 10 metres

• The new results are considered highly encouraging as they show thick zones of significant mineralisation as direct extensions to BHP's Silver Knight iron ore deposit now extending to the limit of Giralia's drilling to the south and west.
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Great break up recently. Double bottom target around $1.30 which looks likely to be hit soon. Wish I had have been following this more closely. :(
 
kennas said:
Great break up recently. Double bottom target around $1.30 which looks likely to be hit soon. Wish I had have been following this more closely. :(
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Don't worry too much Kennas. I'll swap you my return on Giralia, for your return on Minemakers any day! Keep smiling!

PS It's a loss for me, but I'm very optimistic with Giralia this year, so I'll stick by them!
 
Good to see Giralia's baby RHI all grown up today with the big upgrade from 135million to 350million tonne of 57.2%fe.

No move up today for GIR although they still own a blocking stake in RHI of 16.8%.

Personally believe GIR have got in and selected the best bits among the juniors, but only time will tell.
 
Some more nice drilling result at GIR's Western Creek Iron ore project. Along strike from BHP's silver knight deposit and 10 km from Newman. All DSO!

• Further drilling confirms discovery of a second zone of near-surface, direct shipping Marra Mamba iron ore around 1 kilometre to the north of previous significant intersections at Giralia's 100% owned Western Creek project (10 kilometres west of Newman). New results include: 18 metres @ 57.5% Fe, incl. 12 metres @ 60.3% Fe
26 metres @ 56.2% Fe, incl. 12 metres @ 60.1% Fe
• Native Title approvals have been received for additional follow up holes in the area closest to significant mineralisation intersected to date by the Company as direct extensions to BHP's Silver Knight iron ore deposit.
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The Company has received assay results for 58 first pass RC holes completed to date testing direct extensions to BHP's Silver Knight iron ore deposit and several channel iron deposit targets at Western Creek. Earlier previously reported Giralia holes from the area immediately west of BHP's Silver Knight deposit returned thick, near-surface, low phosphorous iron ore intersections including, RCWC018; 44 metres @ 58.4% Fe (incl. 28 metres @ 60.4% Fe), RCWC023; 50 metres @ 58.2% Fe (incl. 42 metres @ 60.2% Fe) and RCWC024; 50 metres @ 60.4% Fe.
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Giralia should have plenty of drilling results continuing all year....
 
Trading halt ~

10:05 today ~ took a slight dip last couple of weeks. Any ideas? :)

Another discovery / takeover? :)
 
blehgg said:
Trading halt ~

10:05 today ~ took a slight dip last couple of weeks. Any ideas? :)

Another discovery / takeover? :)
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It says 'pending finalisation of a transaction'. No one else went into a halt at the same time, so might be funding? They don't need $$ do they?
 
kennas said:
It says 'pending finalisation of a transaction'. No one else went into a halt at the same time, so might be funding? They don't need $$ do they?
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Could it be another spinoff?

Im just throwing ideas here. I'm not sure if any of their assets are ready to be spun off yet...
 
kennas said:
It says 'pending finalisation of a transaction'. No one else went into a halt at the same time, so might be funding? They don't need $$ do they?
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I do not think they need cash at the moment $15 million at the end of Dec.

I'm guessing someone wants to JV one of their plots. Just a guess. I hope it's Murchison Metals in the Mid-West region after the chinese are trying to take out MIS.

Fingers crossed.
 
grace said:
I do not think they need cash at the moment $15 million at the end of Dec.

I'm guessing someone wants to JV one of their plots. Just a guess. I hope it's Murchison Metals in the Mid-West region after the chinese are trying to take out MIS.

Fingers crossed.
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Wouldn't they be in a halt as well though? Perhaps a foreign company wants to take a stake. Chinese might like their iron assets which seem to be developing nicely.
 
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