Apac Resources Limited

ABM Resources NL (ASX:ABU) are pleased to provide the Company's Annual Report Year Ended 30 June 2012, including the Chairmans Report to shareholders and Managing Director's Report - Review of Operations.

ABM Resources NL (ASX:ABU) is pleased to announce that, via a transaction between Tanami Gold NL ("Tanami Gold") and APAC Resources Ltd (HKG:1104) ("APAC"), APAC has arranged to become a 19.99% shareholder in ABM. APAC is a Hong Kong based global resource investment business.

Mount Gibson Iron Limited (ASX:MGX) has entered into two agreements with Fushan International Energy Group (HKG:0639), Shougang Concord International Enterprises Company Limited (HKG:0697), Shougang Holding (Hong Kong) Limited and various subsidiaries of those companies.

Mount Gibson Iron Ltd (ASX:MGX) posted a net profit after tax of A$42.6 million for the year to June 30 2009, down 62 per cent on the previous year.

The Australian stock market staged a late rally on last Friday, with the benchmark S&P/ASX200 index closing up 63.6 points, or 1.9 per cent, at 3,416.5, while the broader All Ordinaries index gained 54.3 points, or 1.63 per cent, to 3,386.9. Market is struggling to recover with some "bear market rally" although the fundamental problems remain. Analysts said the recent fluctuation is because of uncertainty and the political factors are important at this stage.

Yesterday the Australian share market closed about 5% higher on its first trading day of November with good lead from Wall Street on last Friday and the expectation of another RBA interest rate cut. It was the share markets' fourth consecutive stronger day adding A$51 billion to the value of stocks.