how high?, page-5

re: major projects Their presentation back in Feb is absolutely awesome IMHO..of course DYOR...

GOLD - URANIUM - COPPER - ZINC - IRON :))))

And quick shot at it :

http://www.giralia.com.au/pdf/research/GiraliaPresentationFeb06.pdf

•100% interest in undeveloped Gold camp at Snake Well
•75% interest earned in new Nickelsulphide province at Daltons JV
•25% free carry around 1 of Australia’s 3 Uraniummines at Lake Frome JV
•100% control of potential newZinc and Iron province atEaraheedy
•Copper assets sold into listed PacMag(ASX”PMH”)-Giralia 12%
•West Pilbara Iron Ore listed by IPO Red Hill Iron(ASX”RHI”)-Giralia 19.6%
•Non JV Uraniumassets listing by IPO U3O8 Limited (ASX”UTO”)

Snake Well Gold Project
•100% owned undeveloped gold camp
•Shallow resource 160,000 oz Au (185,000 uncut)
•Ready targets for significant resource growth
•Minimal deep drilling, 45 km strike of 3 parallel ore bearing structures
•Progressing scopingstudy on low capexstarter operation
•Mixylode-shallow 80,000t @ 17.3 g/t uncut, +80% gravity recoveries
•Lop/ Buckshot laterites –prelim. heap leach recoveries good
•Ongoing regional and resource drilling for 3-500Ktpa plant
•Key is that ‘currants are still in the bun’-undeveloped greenstone belt, not subeconomic remnants


Uranium Projects-JVs Uranium Projects- JVs
LAKE FROME JV (25% free carry to DTM)
•Surrounds highly profitable Beverley in-situleach uranium mine
•JV with mine operator Heathgate( General Atomics US sub)
•Substantial partner funded drilling planned for late 2005
•Heathgatehave made 2 discoveries traced close to JV tenements
•Major structures that control Beverley deposit location extend throughJV tenements. EM and gravity geophysical targets •Drilling during December 2004 and March 2005 returned anomalousradioactivity in 21 of 37 holescompleted, with 4 holes a b ove mine cut off


PacMagcopper spin off PacMag copper spin off
Giralia holds a 12% stake in ASX listed Pacific Magnesium Corporation Ltd (PacMag,-ASX “PMH”) which has acquired four copper, gold, molybdenum projects from Giralia by a combination of outright purchase and JV.
•Consideration of 50 million PacMagshares (post a 1:12 consolidation)
•Giralia will retain 10 million shares in PacMag(~12% stake)
•40 million PacMagshares to be distributed in -specie to GIR holders
at 1 PMH per 3.45 GIR (a $5.76 million return of capital) on9 Dec.2005
•Accelerated exploration of key Ann Mason and Blue Rose projects
•Independent management team to drive progress


Earaheedy Project
•100% owned
•Control of potential new zinc provinceof Mt Isa, Century age
•+10% zinc intersections in dolomites, no follow-up drilling within
1 km radius
•Major iron ore potential associated with Australia’s 2ndlargest
accumulation of iron formation
•Previous surface rock chip traverses across enriched iron formation
include 75 metrestrue thickness @ 62 % Fe, grades from
drilling > 60 % Fe



Conclusions Conclusions
•Well managed, lean and active junior (42,000 metresdrilled last year)
•Exceptional multi-commodity exploration portfolio acquired at the bottom of the market, seeking to accelerate development and unlock shareholder value through spin offs and in specie distributions
•Focussedon a potential near term gold production at Snake Well, drilling Daltons Nickel/ PGEProject to follow up ore grade/ width intersections at Kingsway, and drilling Earaheedyzinc and iron oretargets.
•Numerous new opportunities in the pipeline (gold-copper and nickel in Queensland etc).

T10 :)))