AUSTRALASIA CONSOLIDATED LIMITED - ASX: AAO

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Description

Australasia Consolidated currently owns gold, uranium and associated minerals projects in the Pine Creek region of the Northern Territory and in South Australia’s Gawler Craton.

In the Pine Creek gold province in the Northern Territory - the Glencoe gold deposit and associated exploration tenements. The Company aims (subject to feasibility) to generate early cash flow by mining the Glencoe gold deposit and to discover lode and Callie-style gold deposits of medium grade and multi-million ounce magnitude in the extensions of Glencoe and at shallow depth elsewhere.

In the Gawler Craton in South Australia - the Murninnie copper gold prospect is situated in the southern part of the “Olympic Domain” - the geological province containing Prominent Hill, Olympic Dam (Roxby Downs), Carrapateena and Moonta-Wallaroo iron-oxide-copper-gold (“IOCG”) deposits. Geophysical signatures, outcropping copper & associated metals mineralization and trace element assemblages in drill core are thought to indicate prospectivity within the exploration licence (EL) for IOCG styles of mineralisation. Younger sediments overlying the basement rocks in the eastern part of the EL are prospective for sediment-hosted styles of uranium mineralisation. This potential is being explored through a joint venture with UraniumSA Ltd.

Mine For

gold, iron ore, copper, uranium

Location of operation(s)

Northern Territory, South Australia

Address

Suite 4, 213 Balcatta Rd
BALCATTA, WA, AUSTRALIA

Phone

(61 8) 9240 4111

Email

Website

http://www.australasiagold.com.au

Last Updated

2/5/2011