Australian Resources
Australasian Resources Limited, through its wholly owned subsidiary International Minerals Pty Ltd, plans to develop the world-class Balmoral South Iron Ore Project in the Pilbara region of Western Australia.
The Company has a strategic alliance with China’s 4th largest steelmaker, Shougang Corporation, and two associated entities have already committed A$56 million to the Company and can inject a further A$42 million through the exercise of 28 million options before 2010.
