Ferraus Limited

Ferraus Limited (ASX:FRS) (PINK:FRRAF) notes the announcement by Wah Nam International Holdings Limited (HKG:0159) on 10 June 2011 that it has declared its off-market takeover offer for Brockman Resources Limited (ASX:BRM) will not be extended beyond 15 June 2011. FerrAus also notes Brockman's response welcoming the conclusion of the Wah Nam bid.

FerrAus Limited (ASX:FRS) (PINK:FRRAF) today announced that the iron ore reserve estimate has increased to 163 million tonnes, at 57.4 per cent Fe, for the FerrAus Pilbara Project in Western Australia.

FerrAus Limited (ASX:FRS) (PINK:FRRAF) today announced that it had awarded the major contracts to complete its Definitive Feasibility Study and confirmed the appointment of key members of its senior management team.

FerrAus Limited (ASX:FRS) (PINK:FRRAF) today announced that metallurgical test work has led to the reclassification of its 50 per cent Fe to 55 per cent Fe Inferred Resource material. This has resulted in a reclassification of some of the iron ore resources from (JORC) Inferred Resources to Indicated Resources and as a consequence, boosting the overall confidence in the resource base for mine plan studies.

On 10 November 2010, Wah Nam International Holdings Limited (HKG:0159) (ASX:WNI) announced its intention to make an unsolicited takeover offer (Offer) for FerrAus Limited (ASX:FRS), via a wholly owned subsidiary. On the same day, Wah Nam also announced its intention to make a simultaneous, unsolicited offer for Brockman Resources Limited (ASX:BRM).

FerrAus Limited (ASX:FRS) (PINK:FRRAF) update on its A$35 million Placement Settlement with Wah Nam International Australia Pty Ltd, a wholly owned subsidiary of Wah Nam International Holdings Limited (HKG:0159).

FerrAus Limited (ASX:FRS) (PINK:FRRAF) update the market in respect of developments relating to the takeover offer by Wah Nam International Australia Pty Ltd, a wholly owned subsidiary of Wah Nam International Holdings Limited (HKG:0159) and its implications on the FerrAus' A$35 million Placement which was due to settle today.

FerrAus Limited (ASX:FRS) (PINK:FRRAF) has successfully completed the bookbuild for its A$35 million placement as approved by shareholders at the Extraordinary General Meeting held in Perth on 24 January 2011.

An Extraordinary General Meeting of shareholders in FerrAus Limited (ASX:FRS) (PINK:FRRAF) today approved a resolution to allow a proposed capital raising of up to A$35 million.

FerrAus Limited (ASX:FRS) (PINK:FRRAF) is pleased to release the letter to shareholders.