aust resources better agreement on iron ore

Aust Resources' better agreement on iron ore
Wednesday, October 31, 2007; Posted: 04:48 AM

Sydney, Oct 31, 2007 (RWE via COMTEX) -- SHNHF | charts | news | PowerRating -- (RWE Australian Business News) Australasian Resources (ASX:ARH) has concluded a key change to its existing agreement with Mineralogy that results in an expansion to the mining, processing and infrastructure areas required to develop its world-class Balmoral South Iron Ore Project, located in the Pilbara region of Western Australia.

The expansion does not increase the Company's existing rights to mine one billion tonnes of iron ore from the project.

However, it provides further opportunity to optimise the economics and planned layout of the development.

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