Anglo Australian Resources NL

Announcements Quarterly Report - December 2011 30 January 2012 Results of 2011 AGM 29 November 2011 AAR Chairmans Address 29 November 2011	Operations Anglo Australian Resources NL is a focused gold and base metal explorer with a portfolio of advanced and grass roots projects in Western Australia's Eastern Goldfields, Kimberly and the Northern Territory. In 2007 the company completed a successful gold mining operation at its Mandilla Project producing 20,619oz Au. Gold exploration continues with recent high grade intersections at Rogan Josh and Dalray prospects on our Feysville project, 25km south of Kalgoorlie's Golden Mile. A preliminary Feasibility study was completed in October 2008 at the companies Kimberly Koongie copper - zinc project highlighting the potential to develop an underground and open pit operation producing zinc and copper concentrates from the Sandiego and Onedin prospects utilising a 500,000tpa processing plant. A resource extension RC and Diamond drilling program was completed at Koongie in November 2008 Numerous high grade copper and zinc intersections resulted from this program and resource estimates for the two deposits have been upgraded. The new Sandiego resource estimation completed in September 2009 has increased the resource tonnes by 115% on the 2006 Mineral Resource Estimate to 3.9Mt. The new resource estimation has increased the total contained copper by 93% to 57,000t, the total contained zinc by 18% to 145,000t and the total contained silver resource by 23% to 2.4 Moz. The new Onedin Indicated Resource estimation also completed in April 2009 represents 36,000t of contained copper metal, 140,000t of contained zinc and 3.7Moz of contained silver metal. Current Feasibility activity has focused on maximising the value of the project's copper resources and Coffey Mining has been appointed to conduct a comprehensive review of the resource model, an examination of the conversion of resource to reserve parameters and to propose a mine plan from which plant and infrastructure requirements can be developed. An RC and diamond drilling program at Sandiego targeting a high grade copper chalcocite cap as well as depth extensions to the copper lodes was completed in July 2010. This program acheived its objective of locating additional copper. Re- estimation of the resource will be completed following receipt and compilation of all assay data.	Investors View our financial reports, ASX Announcements, presentations, share price information and more. Tailored for investors, brokers, analysts and the media. Last site update - 30 January 2012 (Quarterly Report December 2011 )