Copper Range confirms iron ore potential in South Australia September 16, 2009

Copper Range Limited (ASX: CRJ) reports that a review of its Caltowie (50% and earning up to 90%) and Gladstone (100%) Iron Projects in the Adelaide Fold Belt in South Australia has confirmed the strong iron ore potential as previously reported.

HIGHLIGHTS:

• Iron Ore potential confirmed at Caltowie and Gladstone Iron Projects.
• Analysis of historic drilling intersects 25 metres at 46.4% Fe.
• Several large magnetic anomalies identified within five kilometres of a major railway line.
• Includes the site of BHP’s first iron ore mine which produced 70,000t at approximately 61% Fe.
• Second historic iron ore mine identified at Huddleston.
• Targets prioritised for commencement of exploration programmes.
• The region has the strong advantages of existing infrastructure and ease of access for exploration.
• Adelaide Fold Belt has the potential to be Australia’s next iron ore field.
• The Caltowie project complements the Company’s 100% owned Holowilena

Click here to view the full announcement.

For further information, please contact:

Luke Dean
Senior Consultant
Fortbridge
T: +61 9331 0655
E: luke.dean@fortbridge.com