SRK Consulting Commences PEA

Ironstone Resources is pleased to announce that SRK Consulting (Canada) Ltd. has been engaged to prepare the company's Preliminary Economic Assessment (PEA), with delivery expected in Q4 2015.

A "Preliminary economic assessment" or PEA is a study (other than a pre-feasibility or feasibility study) that includes an economic analysis of the potential economic viability of a company's mineral resources. It is common practice in the mining industry to assess the economic viability of a mineral project at various development stages. The PEA is generally the first signal to the public that a mineral project has potential viability.

Given the significance of this milestone in the evolution of any mineral project, the market views PEA results as important information, helps maintain investor interest in the activities of the company, and allows financing to be raised to advance the project.