Australasian Resources Limited

The Chairman of Australian iron ore company Australasian Resources Limited (ASX:ARH) Mr Domenic Martino announced today in Brisbane that ARH has finally agreed a structure for its massive iron ore deposit in Western Australia.

Australasian Resources Ltd (Australasian)(ASX: ARH) is pleased to advise that the completion of the Feasibility Study report for its flagship Balmoral South Iron Ore Project is imminent and that Shougang has been actively supporting the Company's efforts to achieve this objective over the past month.