Aquila Resources Limited (ASX:AQA “Aquila” or “the Company”) is...

Aquila Resources Limited (ASX:AQA “Aquila” or “the Company”)

is pleased to announce that API
Management Pty Ltd (“API”) which is the manager of Aquila’s 50% owned West Pilbara Iron Ore
Project, has signed a Cooperation Agreement with Fortescue to investigate the potential for shared
development of port facilities at Anketell Point.
The parties to the Cooperation Agreement will exchange information to enable each party to assess
the potential benefits of reduced capital and operating costs from the cooperative development of port
facilities that can be used not only by API and Fortescue, but other developers of iron ore resources in
the West and Central Pilbara, currently unable to develop their projects due to a lack of suitable port
infrastructure.
There will also be consideration of the benefits of sharing environmental study efforts to facilitate
government approvals through the presentation of more unified, collaborative and coherent plans for
port development and the provision of access by third parties.