ARH 0.00% 0.5¢ australasian resources limited

market update, page-8

  1. 252 Posts.
    Australasian hosts Hunan delegationThe West Australian March 29, 2011, 1:42 pm Send

    Email
    IM
    Share

    The West Australian ?

    Clive Palmer's Australasian Resources has indicated it may be closer to securing funding for its Balmoral South iron ore project with a delegation from China's Hunan group conducting due diligence.

    Australasian said the visit, which included a trip to the Balmoral site, was hoped to result in a subsequent agreement between parties on project funding and development.

    "Australasian looks forward to progressing discussions and advancing towards a potential commercial outcome with Hunan in the near future," the company said in a statement.

    Australasian said it was updating a 2008 feasibility study to reflect prevailing market costs.

    Mr Palmer holds a 66 per cent in the company
 
watchlist Created with Sketch. Add ARH (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.