Iron Road Limited

Iron Road Limited (ASX:IRD) is pleased to advise that drilling at the Central Eyre Iron Project (CEIP) and Gawler Iron Project (GIP) is proceeding to plan.

ABN Newswire stocks to watch today include: Murchison Metals (ASX:MMX) (PINK:MUMTF), Iron Road Limited (ASX:IRD), ABM Resources NL (ASX:ABU), iSOFT Group Limited (ASX:ISF) and Adelaide Energy Limited (ASX:ADE) (PINK:ADEZF).

Iron Road Limited (ASX:IRD) is pleased to announce that a Pre-Feasibility Study (PFS) of the Central Eyre Iron Project (CEIP) has been awarded to Mineral Engineering Technical Services Pty Ltd (METS).

ABN Newswire stocks to watch today include: Marion Energy Limited (ASX:MAE) (PINK:MAEJF), Iron Road Limited (ASX:IRD), Conquest Mining Limited (ASX:CQT) (PINK:CQMLF), Pan Asia Corporation Limited (ASX:PZC), Clean Global Energy Limited (ASX:CGV), Texon Petroleum Limited (ASX:TXN), and AuDAX Resources Ltd (ASX:ADX) (PINK:ADXRF).

Iron Road Limited (ASX:IRD) is pleased to advise that drilling at the Company's wholly owned Central Eyre Iron Project continues to proceed to plan. The Central Eyre Iron Project is a collection of three iron occurrences (Warramboo, Kopi & Hambidge) with an exploration potential of 2.8-5.7 billion tonnes magnetite gneiss*. The current programme encompasses resource expansion drilling to increase an existing JORC compliant inferred resource estimate of 110Mt at the Boo-Loo prospect located within the Warramboo Project area.

ABN Newswire stocks to watch today include: Iron Road Limited (ASX:IRD), Meteoric Resources (ASX:MEI), Cougar Energy Limited (ASX:CXY), Magnetic Resources (ASX:MAU), ABM Resources NL (ASX:ABU), AusTex Oil Limited (ASX:AOK), and Victory West Moly Limited (ASX:VWM).

Iron Road Limited (ASX:IRD) today announced it has placed 9,623,928 shares at a price of A$0.64 per share, raising total funds of A$6.1M. The shares were predominantly placed to existing institutional investors of Iron Road and new North American based institutional investors. The shares have been issued pursuant to ASX listing rule 7.1.

ABN Newswire stocks to watch today include: Iron Road Limited (ASX:IRD), Galaxy Resources Limited (ASX:GXY) (PINK:GALXF), AusTex Oil Limited (ASX:AOK), Beach Energy Limited (ASX:BPT) (PINK:BEPTF), Kairiki Energy Limited (ASX:KIK) (PINK:KAIRF), Magnetic Resources NL (ASX:MAU) and Pluton Resources Limited (ASX:PLV).

Iron Road Limited (ASX:IRD) is pleased to announce that all approvals are in place for commencement of the Company's maiden drilling programme to investigate potential for direct shipping ore (DSO) at the Gawler Iron Project. The start date for the programme is scheduled for 16 March 2010.

Iron Road Limited (ASX:IRD) is pleased to advise that drilling at the Company's wholly owned Central Eyre Iron Project continues to proceed to plan. The Central Eyre Iron Project is a collection of three iron occurrences (Warramboo, Kopi & Hambidge) with an exploration potential of 2.8-5.7 billion tonnes magnetite gneiss*. The current programme encompasses resource expansion drilling to increase an existing JORC compliant inferred resource estimate of 110Mt at the Boo-Loo prospect located within the Warramboo Project area.