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Balmoral South on track for 2011 commissioning

AUSTRALASIAN Resources says it has completed the bankable feasibility study for its 12 million tonne per annum Balmoral South magnetite project in Western Australia’s Pilbara region with the project on track for commissioning in 2011.

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Balmoral South on track for 2011 commissioning

Investors welcomed today's news with the Perth-based iron ore miner's share price gaining A32c (24%) to hit an intraday high of $1.65 in morning trade. The Balmoral South project, 80km southwest of...

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