Radar Iron

Summary:

Radar Iron Ltd (“Radar” or “the Company”) has secured access to a large group of tenements, located between 100km and 190km north of the town of Southern Cross (Figure below).

Radar Iron’s granted tenements comprise iron ore rights to approximately 1,100km2 of ground (Figure below) making Radar one of the largest leaseholders in the district.

Radar listed originally with 3 project areas covering approximately 300km2.  Since listing Radar acquired additional iron ore rights to over 800km2 of tenements.  In total, the ground covers 120 strike kilometres of banded iron formation (BIF).  Much of the ground, despite having excellent potential, has not been explored to any degree for iron mineralisation and hence remains prospective for new discoveries.  Preliminary assessment from both field reconnaissance and using geophysical interpretation indicates that significant potential for both magnetite and hematite mineralisation.

Initial drill testing of a number of magnetite targets was completed in late 2010 at the Die Hardy and Johnston Range project areas.  Encouraging results were returned, particularly from the Lara Prospect at Die Hardy.  An independent geophysical review of the magnetite potential on the Johnston Range tenements produced an exploration target potential of 4.0Bt - 6.7Bt at 20-45% Fe*.  Coupled with the identified mineralisation at the Die Hardy Project, the potential to define substantial magnetite resources is considered excellent.  Preliminary assessment of the newly acquired tenements has also indicated significant potential areas for magnetite mineralisation.

* Radar Iron advises that the potential quantity and grade of iron deposits reported as exploration target potential is conceptual in nature and there has been insufficient exploration to define a Mineral Resource and it is uncertain if further exploration will result in the determination of a Mineral Resource.

Hematite mineralisation has been identified out-cropping in a number of areas throughout the leases.   Drill testing of some targets commenced in February 2011 at the targets in the Johnston Range area.  Ongoing geological mapping and geophysical interpretation has and will reveal further targets that will be progressively tested throughout 2011 with an aim of establishing the initial resource estimates by year end..


Projects:

Johnston Range


Die Hardy


Evanston


SXG Acquisition

Directors

Alan Tough (Non-Executive Chairman)

Alan Tough has a distinguished career in business spanning over 40 years including more than 25
years managing publically listed companies. Alan has worked both domestically and internationally
in the manufacturing, mining, finance, management and government sectors. Alan holds a
mechanical engineering honours degree and an MBA from the University of WA. Recently held
positions include his current role as Manager of Project Development for Giralia Resources NL,
responsible for DSO iron ore projects in the Pilbara and the Yerecoin magnetite project and
Executive Director Operations of Polaris Metals NL prior to the Mineral Resources takeover earlier
in 2010. Alan’s other current Board roles include Chairman of Scanalyse Pty Ltd, non-executive
Director of Mrs Macs Pty Ltd and President of Westcare Incorporated.

Alan has significant experience and understanding of strategic business planning, an extensive
knowledge of international operations, an effective combination of engineering, banking,
government service and broad management skills and a thorough knowledge of the governance
requirements of listed companies at both management and Board levels.


Jonathan Lea (Managing Director)

Jon has qualifications in geology, finance and mineral economics with 25 years’ experience in the
resource industry. He recently held the roles as Technical Director and Managing Director of Polaris
Metals Ltd until the takeover by Mineral Resources Ltd. During Jon's tenure, Polaris made significant
iron ore discoveries in the central Yilgarn region commencing the development process towards
mining and also advancing the Mayfield magnetite project. Prior to that Jon has had extensive
experience in exploration, mining and project development. A qualified geologist from the University
of Tasmania and a Member of the AusIMM, Jon also has post graduate qualifications in Mineral
Economics and Applied Finance and Investment. He has worked with a number of commodities
including iron ore, gold, tin, chromite and base metals throughout Australia and in Africa.


Ananda Kathiravelu (Non-Executive Director)

Ananda Kathiravelu has been in the financial services funds management and stock broking
industries for over 20 years. He holds a Bachelor of Business and a Graduate Diploma of Applied
Finance and Investment.

Mr Kathiravelu is the Managing Director of Armada Capital Ltd, a corporate advisory company
that has been involved in providing strategic corporate advice and services to listed and unlisted
public companies including, Pryme Oil and Gas Ltd, CuDeco Ltd (formally known as Australian
Mining Investments Ltd) and Rockstead Group (formally known as First Capital Group Ltd), Meridian
Minerals Ltd (formally Bellevue Resources Ltd) and Intium Energy Ltd. His areas of expertise include
corporate advice, capital raising, mergers and acquisitions. His focus is on the small cap and
emerging business sectors.


Company Secretaries

Phillip Wingate

Phillip holds a Bachelor of Commerce Degree from Curtin University Australia, and is an Associate of
the Institute of Chartered Accountants in Australia. After graduating from University, he started his
career in commercial and management accounting with a large private construction group.

Since 2008 Phillip has been involved in a number of company secretarial positions and ASX junior
transactions. Phillip has been closely involved with the mining sector in Western Australia and has a
strong financial and management reporting background.


Morgan Barron

Morgan Barron is a qualified Chartered Accountant who has worked in various corporate roles
both in Australia and Europe. Whilst at Ventnor Capital Pty Ltd he has been involved in a number
of director and company secretarial functions and ASX junior transactions. Mr Barron is currently a
director of ASX listed ZYL Ltd.

Mr Barron holds a Bachelor of Commerce Degree, is an Associate of the Securities Institute of
Australia, and an Associate of the Institute of Chartered Accountants in Australia. Mr Barron
provides a strong commercial, financial and management background.

No info available.