AAR 0.00% 8.4¢ astral resources nl

AAR - Anglo Australian Resources NL.

  1. 568 Posts.
    Does anybody know much about this company?

    Someone has suggested to me over the weekend it is worth keeping an eye on.

    All I can find is this latest announcement from the ASX website:
    New Gold Projects - Yilgarn Western Australia

    Document date: Tue 14 May 2002 Published: Tue 14 May 2002 14:40:18
    Document No: 216209 Document part: A
    Market Flag: Y
    Classification: Asset Acquisition , Progress Report

    HOMEX - Perth

    Following the Company's recent announcement that Anglo Australian
    Resources NL (AAR) would focus on new gold exploration activities in
    the Yilgarn Province of Western Australia, AAR now announces that it
    has submitted tenement applications for two separate areas located on
    the highly prospective Big Bell shear which host the plus one million
    ounce Big Bell deposit, namely:


    This application for one exploration licence of 98sq km, located 50km
    west of Meekatharra and 70km north north east of Big Bell, covers
    approximately 33 km of the extension of the Big Bell shear (Refer
    attached Diagram).


    Applications have been lodged for one exploration licence and six
    prospecting licences covering 105 sq km of the Dalgaranga greenstone
    belt. This project is located 60 km north west of Mt Magnet and 60 km
    south west of Big Bell. The applications also cover the northern and
    southern strike extensions of the structure that hosts the Gibleys
    (Dalgaranga) gold deposit. Until recently, Gibleys (Dalgaranga) was
    successfully mined by the Equigold NL / WRF Securities Ltd joint
    venture (Refer attached Diagram).

    AAR plans immediate field work following further review of previous
    exploration date.

    J L C Jones

    Can anybody else tell me more about the company?
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