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Last A$0.02 AUD
Change Today 0.00 / 0.00%
Volume 0.0
As of 9:36 PM 08/27/15 All times are local (Market data is delayed by at least 15 minutes).

astro resources nl (ARO) Snapshot

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09/10/14 - A$0.10
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03/25/15 - A$0.0070
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astro resources nl (ARO) Details

Astro Resources NL, a mineral resources company, focuses on the exploration and development of mineral sands. It operates through three segments: Heavy Minerals, Diamond Exploration, and Uranium Exploration. The company primarily explores for mineral sands, diamonds, and uranium. It has interest in the Governor Broome mineral sands deposit that is located in the Nannup shire, southern Western Australia. The company also holds interests in the Lower Smoke Creek, Carr Boyd Range, and Argyle Dykes projects. Astro Resources NL is based in Sydney, Australia.

astro resources nl (ARO) Top Compensated Officers

Executive Director
Total Annual Compensation: A$48.0K
Company Secretary
Total Annual Compensation: A$195.5K
Compensation as of Fiscal Year 2014.

astro resources nl (ARO) Key Developments

Astro Resources NL Announces Board Changes

Astro Resources NL announced that Jacob Khouri has been appointed to the Board. Mr. Khouri is a business person specialising in mechanical engineering businesses. He is currently a Director of Mooter Media Limited and until the 7 May 2015, he was a Director of Esperance Minerals Limited. The company announced that Mr. Kris Knauer has resigned as Chairman of the Company due to his role as the Executive Director of Medibio Limited. Mr. Khouri has been appointment as Chairman of the Board.

Astro Resources NL Reports Consolidated Earnings Results for the Half Year Ended December 31, 2014

Astro Resources NL reported consolidated earnings results for the half year ended December 31, 2014. For the period, revenue was AUD 2,816 against AUD 25,016 a year ago. Loss from continuing operations before income tax was AUD 2,492,462 against AUD 998,842 a year ago. Loss from continuing operations after tax was AUD 2,492,462 against AUD 998,842 a year ago. Loss attributable to the members of the company was AUD 2,494,762 or 0.079 cents per basic and diluted share against AUD 998,242 or 0.029 cents per basic and diluted share a year ago. Net cash flows used in operating activities was AUD 186,275 against AUD 345,288 a year ago. Payment for exploration was AUD 70,946 against AUD 102,999 for the same period a year ago.

Astro Resources NL Enters into Farm-In and Joint Venture Arrangement with Iluka Resources Ltd

Astro Resources NL has entered into a farm-in and joint venture arrangement for one of its Governor Broome tenements, tenement number E70/2464, with lluka Resources Ltd. lluka to undertake minimum expenditure to earn initial stake of 51%, at which time an unincorporated joint venture is established. lluka can undertake more expenditure to lift interest to 80%. Astro is free-carried until identification of a JORC-compliant resource and after that it must participate in spending or dilute its interests and lluka to act as manager in advancing the tenement.


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