Welcome to Australasian Resources Ltd
Australasian Resources Limited, through its wholly owned subsidiary International Minerals Pty Ltd, plans to develop the world-class Balmoral South Iron Ore Project in the Pilbara region of Western Australia. The Balmoral Resource is located approximately 80km southwest of the town of Karratha and 30km from a port currently under construction by CITIC Pacific Mining Management Pty Ltd (CPMM) at Cape Preston, as part of the Sino Iron project located next to the Balmoral South Iron Ore Project.
International Minerals Pty Ltd has the right to mine 1 Billion tonnes of magnetite ore from which it plans to produce 12Mtpa of high grade concentrate and pellets over a 25 year span. The company has completed a Feasibility Study on the project and is well advanced in obtaining the relevant approvals for the project.
In March 2007 a project agreement was signed with entities associated Shougang Corporation (one of the larger steel producers in China) which covered the joint development of the Balmoral South Project. Although this agreement was formally terminated in early July 2009, discussions continue with Shougang on project development and financing along with interested parties from the Middle East, North Africa and Asia.
The Company has a number of non-iron ore assets including:
- Sherlock Bay Nickel Project;
- Copper Bore Well and Mt Salt Uranium, and
- Cat Camp Nickel Project.
