Nevada Iron Files Quarterly Report for Period Ending 30 June 2014

PERTH, WESTERN AUSTRALIA--(Marketwired - July 30, 2014) -

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Nevada Iron Ltd (the Company) (NVI.AX) (NVR.TO) is pleased to provide the following quarterly report for the period ending 30 June 2014.

HIGHLIGHTS

• Non-binding term sheet signed with a large US based group for the design, funding, construction and operation of logistical elements of the Buena Vista Iron Project

• Samuels Engineering completes design of process plant to sufficient level to support remaining permit applications

• Search process for US based CFO commenced as project debt and funding activities ramp up

• Drilling at Section 27 prospect returns further broad, at surface iron mineralisation including:

  • 33.5 metres grading 20.1% Total Fe in hole 2714-002

  • 76 metres grading 22 % Total Fe in hole 2714 -003, including 9.7m grading 52.1% Total Fe

  • 30.4 metres grading 21.9% Total Fe in hole 2714-004

  • 80.8 metres grading 23.4% Total Fe in hole 2714-006, including 6.5m grading 51.8% Total Fe and 3.2m grading 60% Total Fe

  • 73.1 metres grading 20.0% Total Fe in hole 2714-009

Overview

Nevada Iron Ltd (NVI.AX) (NVR.TO) is a resource company focused on the development of the Buena Vista Iron Project located in northern Nevada, USA. This project demonstrates the attributes for a successful iron ore development, namely:

• Near surface resource

• Very low waste to ore ratio (

• Easy metallurgy with a coarse grind producing a high grade (67.5-69% Fe) clean concentrate
• Close to existing nearby transport infrastructure and no requirement to build significant infrastructure, eg a rail line
• Access to multiple existing ports
• Manageable capital cost
• Stable and mining friendly jurisdiction
• No government royalty imposts
• Phase 1 project on private land, making permitting less onerous

To view the full announcement please click the link below: http://www.nv-iron.com/2011-08-15-01-49-08/asx-releases

ABN 98 123 423 987