Alliance Resources Limited announced a revised iron Mineral Resource Estimate for the Weednanna gold-iron Deposit (Weednanna), located 40 km NNE of the township of Kimba, South Australia. In 2013 Ironclad Mining Limited (Ironclad) estimated an iron mineral resource for Weednanna of 11.2 Mt grading 41.97 % Fe (refer to Ironclad 2014 Annual Report). Since that time Alliance has drilled 363 RC holes and 5 diamond holes, totalling 50,281 metres, in the same general area to test for economic concentrations of gold. As the gold is located adjacent to, and on the margins of an ironstone and magnetite-rich skarn, the drill samples were also analysed for an extended iron ore suite of elements and compounds. Mining One Pty Ltd. was engaged by Alliance to prepare the maiden Weednanna iron mineral resource, incorporating the new drilling data and using a higher iron cut-off grade appropriate for direct shipping iron ore (DSO). The 2013 iron mineral resource estimate used a 25% Fe lower cut-off grade and no gold upper cut-off grade because ore processing contemplated the production of iron only as DSO and magnetite concentrate produced using dry magnetic separation (DMS) and gravity separation (GS). The 2020 resource estimate uses a 55 % Fe lower cut-off grade and appropriate open pit and underground gold upper cut-off grades of 0.5 g/t Au and 1.5 g/t Au respectively because a gold mining operation is proposed with DSO produced as a bi-product. Ore mined above the upper gold cut-off grades would report to the gold processing plant proposed for the project The proximity of iron to gold in the deposit means that the cost of open pit and underground mining of high- grade iron is incidental or incremental to the proposed gold mining operation. The dimensions of the iron mineral resource area, including the gold resource, are 1,300m (north-south), 600m (east-west) and from surface to a maximum depth of 220m.