Mount Ridley Mines Limited provides the following update on the 100%-held Weld Range West Iron Project ("WRWIP") in the mid-west of Western Australia. Assays from drill holes WWRC0025 to WWRC061 (37 holes for 2,638m), from Targets 1 and 2 have been received. The assays indicate that the BIF has poorly developed haematite mineralisation, with silica remaining at high levels. No further drilling for DSO at Target 1 and 2 is planned, however future work may include beneficiation testing for the near-surface channel iron deposit ("CID'), and the evaluation of a gold anomaly that was indicated from this drilling programme. The extended Target 3 has not been drilled. The recently acquired Weld Range West Iron Project is in the mid-west of Western Australia and covers an area of 52km2. Drilling is designed to target direct-shipping iron ore. The Project covers approximately 10km or 18% of the overall Weld Range BIF sequence, which elsewhere hosts the Madoonga and Beebyn iron deposits (owned by Sinosteel Midwest Group) and the Iron Ridge iron deposit (Fenix Resources Limited). Three parallel BIF horizons are recognised, referred to from north to south as the Madoonga Formation, the Lulworth Formation and the southern-most the Wilgie Mia Formation. All are prospective for high-grade (>62.5% Fe) iron ore. Areas of the tenements are also prospective for gold.