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Additional information
Additional Information
Market: ASX
Sector: General Mining
Epic: ASX:AQA
News: Latest news
Web Site: Aquila Resources
Other Articles: 17-03-2009

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Insurance giant Prudential has stolen the headlines this week, after their decision to buy AIA, the Asian life business of US insurer AIG, has attracted a mixed response from shareholders.

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Right now, the world relies almost completely on China for its rare-earth supply. The Chinese have made it clear that they want to keep more supply for themselves as they try to be the world leader in green technology

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Friday March 12, 07:51White Energy enters coal deal with China Guodian Group

White Energy Company (ASX: WEC; OTCQX: WECFY) has inked a non-binding heads of agreement with state owned Guodian Inner Mongolian Energy Sources Co Limited to develop a coal upgrading [...]

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Aquila Resources

Aquila Resources

Aquila Resources had a wide range of assets at various stages of development spanning coal, iron ore and manganese in Australia, South Africa and Botswana.
Monday, November 30, 2009

Aquila Resources shares up $1.12 as resource to West Pilbara Iron Ore Project increases to 156Mt

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Shares in Brisbane-based Aquila Resources (ASX: AQA) have received a significant boost after the company reported an update to the JORC Resource estimate for the Australian Premium Iron Joint Venture in relation to its West Pilbara Iron Ore Project in Western Australia.

News of the JORC Resource estimate upgrade to the project, which Aquila holds a 50% interest, sent shares soaring by $1.12, or 12%, to $10.94.

The revised Resource estimate for the Hardey Deposit of 156.08 million tonnes at 61.47% Fe represents an increase of 93.18 million tonnes from the previously released Resource (62.9 million tonnes).

Following the completion of an extensive reverse circulation drilling program, a revised Resource estimate has been completed for the Hardey bedded iron deposit, a potential extension of the West Pilbara Iron Ore Project – Stage 1 development.

Brockman and Marra Mamba type mineralisation has been identified at the Hardey Deposit and is subdivided below.

The company believes there is significant potential to further expand both the Channel Iron and Bedded Iron Resources.

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