�� FORMER THIESS EXECUTIVE, NICK JUKES, JOINS...

�� FORMER THIESS EXECUTIVE, NICK JUKES, JOINS AUSTRALASIAN’S BOARD AND TAKES UP THE POSITION OF STUDY DIRECTOR BALMORAL SOUTH IRON ORE PROJECT.
Nick was formerly a senior executive with Thiess Pty Ltd and brings 30 years experience in the engineering, construction and mining sectors to the Board including a strong background in the planning, development, construction and operations of major coal and metalliferous projects throughout Australia and South East Asia.
�� FORMER RIO TINTO AND BHP EXPERIENCED PROFESSIONAL, ANDREW CARUSO, TAKES THE REINS AS MANAGING DIRECTOR OF AUSTRALASIAN RESOURCES LTD. HE TAKES OVER FROM DARREN HEDLEY WHO HAS RESIGNED DUE TO PERSONAL REASONS BUT REMAINS A CONSULTANT TO THE BOARD.
Andrew is a mining engineer with 16 years experience in the Australian and international mining industry, including 6 years with BHP and Rio Tinto.
These additional appointments will strengthen the management expertise as the Company continues to develop its world class projects with the Shougang group from China.
NON-EXECUTIVE DIRECTOR AND STUDY DIRECTOR APPOINTMENT
The Company is pleased Nick Jukes has accepted the invitation to join the Board and looks forward to the significant contribution he will make during the feasibility study period.
Nick is a Civil Engineer with 30 years experience in the engineering, construction and mining sectors and was formerly a senior executive with Thiess Pty Ltd where his roles included Executive General Manager Operations and Executive General Manager Resources Development. Thiess is the largest contract miner in South East Asia, producing in excess of 70 million tonnes per annum of export and domestic coal.
Nick was an Associate Director of Thiess and a Director of a number of companies including Sedgman Ltd until 2006. He is a Fellow of the Institute of Engineers Australia.
Australasian Resources Limited Page 2
During his career with Thiess and BHP, Mr Jukes was actively involved in the planning, development, construction and operation of major coal and metalliferous projects throughout Australia and South East Asia.
MANAGING DIRECTOR APPOINTMENT
The Company welcomes Andrew Caruso to the position of Managing Director. Andrew joined Australasian in July 2006 and has to date been involved in all aspects of the Company’s activities including project development and corporate management.
Andrew is a mining engineer with 16 years experience in the Australian and international mining industries. He has considerable experience in various roles in the iron ore, nickel and coal industries, including operations and strategic planning, capital projects and mine management. He also has a Graduate Diploma in Mining Investment from the Securities Institute of Australia.
His significant operational experience includes six years working at BHP and Rio Tinto iron ore operations including two and a half years in management positions covering technical and operational aspects at the West Angelas iron ore mine.
Prior to joining Australasian Resources Ltd in mid-2006, Andrew was Principal Consultant for Snowden Mining Industry Consultants and was responsible for project management and technical review of a number of mine feasibility studies for potential iron ore and nickel projects in Australia and overseas.
SUMMARY
The Company would like to welcome both Andrew and Nick to the Board.
On behalf of the Board, I would like to thank Darren Hedley for his leadership as Managing Director over the past two years and in particular, his contribution towards securing the Balmoral South Iron Ore Project and strategic alliance with Shougang entities. We look forward to his continued ongoing contribution as consultant to the Board.