Transit Holdings’ iron ore strategy to exploit full potential of haematite Direct Shipping Ore (DSO) and magnetite prospects August 30, 2010

Transit Holding (ASX: TRH) has commenced a formal programme to review the commercial opportunity presented by Transit’s large and prospective iron ore assets in the Johnstone Range, West Australia.

Key points:

• Assessment of magnetite and haematite potential at Johnston Range
• Appointment of Jon Lea to drive the Company’s iron ore strategy

Transit holds over 200km2 of Exploration Licences at Johnston Range containing a 35 kilometre long sequence hosting multiple banded iron formations.

Click here to view the full announcement.

For further information, please contact:

Richard Monti
Executive Director
rmonti@transitholdings.com.au
Tel: +61 8 9482 0515

Media:
Fortbridge Consulting
Tel: +61 2 9331 0655
Luke Dean
luke.dean@fortbridge.com
Mob: +61 414 535 433