Anglo Australian Resources NL is pleased to report the JORC compliant Mineral Resource Inventory for its 100% owned Sandiego copper – zinc deposit within Koongie project located in Western Australia. Highlights include 2Mt at 2.8% copper, 1.8% zinc, 0.39 g/t gold and 18 g/t silver which includes
a maiden high grade supergene resource of 0.37Mt at 4% copper, 2.7% zinc, 0.29g/t gold and 48 g/t silver. A Scoping Study commences into open pit development of Sandiego Deposit to primarily exploit the copper mineralisation.
Anglo Australian Resources NL announced that it has arranged to place 43,000,000 fully paid shares at a price of 3.5 cents per share to raise A$1.5 million. The funds from the placement will be used for development studies and drilling at Koongie and Feysville located in Western Australia.
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