state ministers visit australasian resources

NEWS RELEASE
2 August 2006
ABN 46 008 942 809
Level 4, 5 Mill St Phone: (+61 8) 9322 2288
STATE MINISTERS VISIT AUSTRALASIAN RESOURCES BALMORAL PROJECT
Following an invitation from Australasian Resources Ltd (ASX Code: ARH) to visit the Balmoral Project, located 80km along the coast southwest of Dampier, three State Ministers took the opportunity to see the magnitude of this Project ‘first hand’ and to consider what it will mean to the State of Western Australia once development commences.
The Hon John Bowler MLA, The Hon Alannah MacTiernan MLA and The Hon Norm Marlborough MLA along with Australasian’s Managing Director, Darren Hedley, and Chairman, Domenic Martino, viewed the proposed port site at Cape Preston and inspected the site of due diligence drilling recently carried out by Australasian.
Managing Director of Australasian Resources, Mr Darren Hedley, said that “It was an honour to host the Ministers and share our future plans for the project with them. It is important they realise the potential benefits a project of this stature adds to the state of Western Australia, its communities and the greater Australian economy as a whole”
Mr Hedley confirmed that “good progress has been made towards finalising the terms and conditions necessary to consummate a deal with Professor Clive Palmer, over the right to mine one billion tonnes of magnetite iron ore on part of the Southern Block at Balmoral.”
Photo: Pilbara News
From Left to Right: Norm Marlborough, Alannah MacTiernan, John Bowler,
Darren Hedley, Domenic Martino
Any queries can be directed to Darren Hedley on +61 8 9322 2288.
Perth WA 6000 Fax: (+61 8) 9324 2164