ID Codes:  ISIN GB00B4323X41 / WKN A1JHWC/CUSIP G05900 108

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Announcements

Results of Astra Resources Plc General Meeting


Adelaide, Australia – 5 August 2014

The General Meeting of members of Astra Resources Plc was held in Brisbane on 4 August 2014.
 
All four resolutions sent to members on 16th July 2014 were passed by at least 75% of members attending the meeting and similarly by proxies that were lodged.


Notice of Meeting


Adelaide, Australia 16th July 2014:

Notice is hereby given that a General Meeting (the "Meeting") for shareholders of Astra Resources PLC (UK Company Number 7620218) (the "Company") will be held at:

Time: 13:00 pm (Registration begins at 12:00 pm)
Date: 4th August 2014
Venue: Level 17, 344 Queen Street Brisbane, Australia
The notice will be sent to all shareholders on the 16th July 2014.

Shareholders with an SRN (Shareholder Reference Number) can contact This e-mail address is being protected from spambots. You need JavaScript enabled to view it .

 

Results of 2014 Astra Resources Plc AGM


Adelaide, Australia 30th June 2014:

Notice to shareholders
 
The AGM meeting of members of Astra Resources Plc was held in Adelaide on 30th June 2014. Resolutions 1-11 were sent to members on 8th June 2014.
 
All resolutions were passed by proxies received by the Company before 27th June 2014 by a minimum of 62% of voting shares.
 
At the members meeting on 30th June 2014 an overwhelming majority of members and legitimate proxy holders attending passed all the resolutions.

 

Notice of Meeting


Adelaide, Australia 8th June 2014:
Notice is hereby given that an Annual General Meeting (the "Meeting") for shareholders of Astra Resources PLC (UK Company Number 7620218) (the "Company") will be held at:
Time: 12 pm (11 am registration)
Date: 30th June 2014
Venue: Hilton Adelaide Hotel
 
The notice was sent to shareholders on 8th June 2014. Shareholders with SRN can contact This e-mail address is being protected from spambots. You need JavaScript enabled to view it to request the formal notice if they did not receive it.

Acquisition of Carbon Credits


Adelaide, Australia 4th June 2014:


Astra has taken a very significant position in the carbon reduction market on its balance sheet in exchange for 270m Euros of scrip. The carbon reduction benefits are from the management of tropical rainforests at a country level throughout the Asia Pacific region.

triple-bottom-line

Astra’s partners have negotiated country level agreements, and are using an internationally recognised financial registry, as well as the most experienced science teams in the region.
 
Astra is dedicated to the principle of Triple Bottom Line, where equal focus is given to the Social aspects of our business, the Environmental aspects of our business, and the Economic aspects of the business.

In this respect, we have made sure that any obligation we may have socially or environmentally in every country where we are operating is catered for in advance of any such obligation being recognized.

Astra’s partners have negotiated with the Governments and Land Owners of several Asia-Pacific nations to participate in the long-term protection of their native tropical rainforests.  This means that Astra will be directly involved with funding villages in numerous countries for education, communication, transportation, and health projects, which we may become involved in the delivery of in years to come.

The added benefit is that millions of hectares of natural rainforests will be protected from rapacious logging, providing an alternative revenue stream for the indigenous and local populations.

Astra voluntarily chooses to recognize the tenants and intent of the Kyoto protocol, and the aims and objectives of the UNFCCC in the balancing and reduction of the production of Green House Gasses (GHG), and every project we have in every country we operate in will have a fully-funded sustainable business plan to both account for our footprint, reduce our footprint over time, and economically manage any differential.

Astra’s partners have contracted Environmental Scientists and Organizations to advise the Board on how to manage and utilize our resources within this sustainability framework, country by country.

three-spheres
 
This is what “Triple Bottom Line” is all about – sustainability, balance, integrity, and the pursuit of corporate goals and objectives beyond just profit.  Our Board and our people in every area in which we work are behind this concept, as the real wealth in any company is its people and their vision, creativity, and willing contribution to achieving the companies’ objectives, which is to be a considerate and good corporate citizen by managing the environment in a responsible manner at every opportunity.



NOTICE TO SHAREHOLDERS - LISTING CANADIAN SECURITIES EXCHANGE


Adelaide, Australia 4th June 2014:

As you are aware on 13 May 2014 Astra Resources Plc announced its application to list on the Canadian Securities Exchange (CSE).

Astra Resources is still in the process of meeting the CSE listing requirement and is still awaiting reporting issuer status from the Securities commission.

That listing on the Canadian Securities Exchange will be followed by a secondary listing on the Quotation Board of the Frankfurt Stock Exchange soon thereafter.

It is the opinion of the Directors that the primary listing in the Canadian Securities Exchange and the secondary listing on the Quotation Board of the Frankfurt Stock Exchange is a critical path to meeting Shareholders expectations.
 
Astra Resources Plc therefore will be exiting from the GXG Main Quote.
 
For more information (press only)
Astra Resources PLC Ticker Symbol : 9AR
ISIN: GB00B4323X41
Phone number :  +61 8 8239 2322
Email address : This e-mail address is being protected from spambots. You need JavaScript enabled to view it


Appointment of New Director


Adelaide, Australia 2nd June 2014:

Astra Resources Plc is pleased to announce the appointment of Dyson F Hore-Lacy to the Board of Directors effective immediately.

A brief resume is provided below:
 
Dyson F Hore-Lacy S.C.
Non-Executive Director

Admitted to practice in Victoria, New South Wales, Tasmania, Queensland, Western Australia and Northern Territory. Admitted to Victorian Bar in 1967. In early years, appeared in a wide variety of jurisdictions including Crime, Police Offences, Maintenance (Family Law), Motor Accident Damages Claims, Divorce and Tribunals (VRC, Liquor Licensing etc). Vast majority of work since admission has been court work. Has appeared extensively for Aboriginals in Northern Territory and Western Australia. Took silk in 1995. In recent years, has practised mainly in Criminal Law, Personal Injuries cases, Coronial Inquests including a number of police shootings as well as some Commercial. Practises in appellate jurisdictions in both civil and criminal jurisdictions.  Mr. Hore-Lacy has been Queens Council for 22 years and is now Senior Council.

 

Astra Resources PLC: NOTICE TO SHAREHOLDERS - LISTING CANADIAN SECURITIES EXCHANGE


Adelaide, Australia 30th May 2014:
As you are aware on 13 May 2014 Astra Resources Plc announced its application to list on the Canadian Securities Exchange (CSE).
Astra Resources is still in the process of meeting the CSE listing requirement and is still awaiting reporting issuer status from the Securities commission.
That listing on the Canadian Securities Exchange will be followed by a secondary listing on the Quotation Board of the Frankfurt Stock Exchange soon thereafter.
It is the opinion of the Directors that the primary listing in the Canadian Securities Exchange and the secondary listing on the Quotation Board of the Frankfurt Stock Exchange is a critical path to meeting Shareholders expectations.

Astra Resources Plc therefore is considering exiting from the GXG Main Quote and requires Shareholder approval to exit from the GXG.

The GXG Main Quote requires Astra Resources Plc to provide 21 days notice to all Shareholders that it is exiting and therefore there will be a Resolution to the upcoming AGM of members that:
"Astra Resources Plc will exit from the GXG Main Quote on or about 23 June 2014 and continue towards listing on the CSE"
 
For more information (press only)
Astra Resources PLC Ticker Symbol : 9AR
ISIN: GB00B4323X41
Phone number :  +61 8 8239 2322
Email address : This e-mail address is being protected from spambots. You need JavaScript enabled to view it


Appointment of New Directors


Adelaide, Australia 25th May 2014:

Astra Resources Plc is pleased to announce the appointments for Norman Hilton and Adele Bekirovski to the Board of Directors effective immediately.
A brief resume for each of the directors are provided below:

Norman Hilton
Mr. Hilton was a senior partner of international accounting firm Touche Ross (now Deloitte & Touche globally) where he spent 20 years in Australian, Canadian and USA offices. He was a founding partner of the Financial Services Division of the Australian firm (since merged with KPMG). He has extensive experience in mergers and acquisitions, management buy-outs, capital raisings, IPO’s and joint venture structuring in most business sectors, both locally and overseas.

In the late ‘80’s, he was Finance Director and then Managing Director of Beach Energy, a major ASX listed oil and gas exploration and production group with operations in Australia, UK and USA. For the last 22 years he has been engaged as principal of his own corporate advisory firm, Profin Consulting, providing capital solutions and strategic business advice. He also has wide experience in the preparation of independent expert’s reports in the areas of business valuation, due diligence reviews, economic loss and associated forensic accounting briefs.
 
In recent years, his focus has been on transactions in the mining, financial services, property and information technology industries where he has strong industry expertise and deep networks, both locally and in Asia.
 
Mr Hilton has a Bachelor of Commerce degree from the University of New South Wales, is a fellow of the Institute of Chartered Accountants in Australia and holds a number of non-executive directorships. He is also an advisor to the Indonesia Australia Business Council.


Adele Bekirovski
Ms Bekirovski has over thirteen years of management experience in Resources, Fashion, and Financial sectors; Adele is an accomplished Management Executive.

Ms Bekirovski has been a keen and driven individual and has established and managed office business and information systems, infrastructure and administrative processes that enable the organisation to consistently deliver and achieve quality standards, on time and within budget.

In recent years, her focus has also been in assisting the Managing Director and Chairman in the day-to-day management of the organisation so that high level strategy and finance objectives are reflected appropriately in Business Planning and work allocation decisions.

Ms Bekirovski has a Bachelor of Arts, Psychology degree from Macquarie University, Graduate Diploma in Social Sciences (Counselling Studies), University of South Australia and a Diploma of Mortgage Lending.

Ms Bekirovski is a former director of Astra Mining Pty Ltd.

 

CIRCULAR TO SHAREHOLDERS FROM PETER TURNBULL


Adelaide, Australia - 24 May 2014

I am delighted to accept the position of interim CEO. I am well aware of the challenges that Astra face, but also believe I can offer substantial assistance in meeting those challenges and moving forward with confidence, determination and vigour.
 
My first task shall be to fully acquaint myself with the projects at hand within Astra, and the plans to bring these projects to their full potential. I have already commenced discussions with other parties who may be able to bring added expertise and investment to bring some of these projects on line in a quicker timeframe.
 
Similarly, I have also been approached by Group’s who believe they can further augment the Group’s current investments by introducing Projects and businesses that are already cash generating. If this can be achieved, we will be better placed to be able to balance the huge potential of our current holdings, with cash generation assets.
 
As far as the ASIC matter is concerned, the Group will of course co-operate in every way with ASIC in their enquiries, whilst the company and its Directors in question will outline and defend their position as they are entitled to do.
 
In closing, I look forward to my time with Astra and I can assure you that I will be using all of my experience and contacts, to make this Group as strong, as versatile and as resilient as possible.
 
Peter Turnbull

 

Notice to Shareholders


Adelaide, Australia - 23 May 2014

Astra Resources Plc is pleased to appoint Peter J. Turnbull (CPA) as Chief Executive Officer.

Professional & Business Experience
Peter established and operated an Accounting practice for in excess of 25 years, specializing in property related tax, accounting and funding. Then, with the backing of a number of Australia’s largest financial institutions, he made the move into property development in his own right in 2000, encompassing new commercial office buildings plus refurbishments, medium density housing, residential sub-divisions and rural residential estates in a diverse range of areas around Australia.

In 2007 Peter took a majority shareholding in the Central Coast Mariners FC Pty Ltd competing in the Huyndai A League. At this stage Peter also took on the role of Deputy Chairman of the company, and then Chairman and also Group General Manager. During his tenure, and despite being the smallest club in the League and confronted with the inevitable challenges of competing against the bigger wealthier clubs, the Mariners have become a national leader in all aspects of the football business. This culminated in the Mariners winning the national A League Championship Grand Final in 2013 and regularly competing in the Asian Champions League.

Turnbull also established the Mariners Centre of Excellence, thus providing a home for the FC – a first in the country. This was completed with substantial funding from the Federal Government, negotiated by Turnbull.

Prior to this, Turnbull was a founder of Sydney FC alongside Frank Lowy, Phil Wolanski, David Tractovenko and John Borghetti. Peter is also heavily involved as a major supporter of disabled charities.

Peter has extensive contacts and experience in the resources industry and international trading.


ASTRA RESOURCES PLC APPLIES FOR LISTING IN CANADA


Adelaide, Australia - 13 May 2014

Astra Resources PLC ("Astra") would like to announce that its board has decided to apply for a listing on the Canadian Securities Exchange ("CSE").
 
This new listing in North America will allow Astra the efficient and seamless transition from a company historically financed mostly from European, Asian and Australian investors to one whose main focus is now on global investor relations including the U.S. and Canada. While Astra has already other longstanding stock exchange relationships, the Company's management believes this new listing constitutes the right move for Astra in order to intensify its international investor relations and increase investors' access to Astra's stock around the globe. Once trading on the CSE, Astra will file for immediate secondary listings on Frankfurt and Berlin.
 
Astra is currently finalizing all required documents for this listing and is looking forward to start trading on this innovative securities exchange, which is well suited for a globally active company. Astra intends to keep its existing GXG listing where the Company was upgraded from First Quote to Main Quote.
 
Astra is confident this listing will give the company a strong foundation to carry out its ambitious plans for the next years.
 
About CSE:
The Canadian Securities Exchange (CSE) began operations in 2003 to provide a modern and efficient alternative for companies looking to access the Canadian public capital markets. The operating company, CNSX Markets Inc., was recognized by the Ontario Securities Commission as a stock exchange in 2004. Designed to meet the needs of emerging companies and their investors, CSE has grown continuously and now lists more than 200 equities, government bonds and structured products. In September 2007, the exchange launched the first continuous auction market to trade securities listed on other Canadian stock exchanges. The new facility introduced a high capacity, low latency trading environment combined with an attractive fee structure that enabled the Canadian trading community to use advanced trading technologies to their full advantage, while delivering cost savings enhancing the competitiveness of the Canadian markets. Following the completion of "Project One" on December 2, 2013 CSE listed symbols and stocks listed on other Canadian exchanges are now being traded on a single system at the CSE.
 
About Astra:
Astra Resources' global portfolio includes gold interests in Southeast Asia, coal mine in Africa, iron ore in India and the Philippines, carbon efficient and commodity businesses, high-strength T-Steel technology in Hungary and clean coal technology and a major position in the carbon reduction market. Astra has a strong focus on acquiring certain technologies that will substantially alter the resources industry by changing end-user demand and costs. Astra aims to do this by identifying inefficient industries, or ones with high cost structures and dominant players or monopolists, and introducing its technologies to disrupt the lifecycle of the product. This strategy is widely known as disruptive innovation, or disruptive technology, and refers to an innovation that helps create a new market and value network, eventually changing an existing market and value network by displacing an earlier technology.
 
 Astra Contact:  Head Office +61 8 8239 2322   
 
This e-mail address is being protected from spambots. You need JavaScript enabled to view it

 

 


London – 3rd April 2014
 
http://www.gxgmarkets.com/component/gxgnews/?view=item&feed=reuters&id=HUG1774059

 


London – 21st March 2014
 
http://www.gxgmarkets.com/component/gxgnews/?view=item&feed=reuters&id=HUG1770865

 


London – 6th March 2014
 
http://www.gxgmarkets.com/component/gxgnews/?view=item&feed=reuters&id=HUG1766777


London - 23 December 2013

http://www.gxgmarkets.com/component/gxgnews/?view=item&feed=reuters&id=HUG1751889

 

 


London - 10 December 2013

http://www.gxgmarkets.com/component/gxgnews/?view=item&feed=reuters&id=HUG1748912

 

Appointment of New Directors


Adelaide, Australia - 6 September 2013

Astra Resources Plc is pleased to announce the appointments for Daniel Justyn Peters, David Shearwood and Maxwell Venning  to the Board of Directors effective immediately.

A brief resume for each of the directors are provided below:


Daniel Justyn Peters

Justyn is a Barrister and Solicitor who has had extensive experience in senior management in both Government Departments and in Public listed companies. He is MD and Chairman of several privately owned resource companies in Coal, Gas and Petroleum. Justyn was manager of compliance and investigation, and A/Director for the Queensland EPA. He was the Environment Advisor for the Qld Mining Council and Head of Environment and Property for Airservices Australia. Over the last 6 years Justyn was General Manager of Government and Environment, Business Development and Executive General Manager Asia, and then Executive General Manager Investor relations for Linc Energy an ASX 200 company. His corporate experience in governance, business development, investor relations and his detailed knowledge of Asia will be invaluable to ASTRA as it seeks to comercialise both its assets and technology over the next few years.


Maxwell Francis Venning

Mr Venning first became a director in 2002 when elected by growers to Ausbulk and United Grower Holdings. Eighteen months later in 2004 became chairman and led Ausbulk through the acquisition of Abb Grain a smaller ASX listed company which after a reverse take over became the surviving entity. Abb Grain owned seven grain export terminals had a statutory monopoly on the export of barley in SA and Victoria, owned malt manufacturing company Joe White Malt. Grain storage and feed mills in New Zealand and numerous container packing facilities.

Mr Venning was deputy chairman of ABB Grain until the company was acquired by Canadian grain company Viterra in September 2009 He served on the Viterra board  for thirty nine months and up until Viterra was acquired by Glencore in 2012

Mr Venning has served on board committees

  • Finance and audit
  • Human resources and compensation
  • Safety health environment and sustainability

He is a member of the Australian Institute of Company Directors


David Kit Shearwood

David has 27 years’ experience across funds management and investment banking and a proven track record of asset identification, outperformance of benchmark indices and business building (in Australia and India).

He is presently CEO and co-founder of Allied Resource Partners Pty Ltd, based in Sydney, a venture capital orientated operation which identifies projects and co-invests with funding partners across mining, energy and infrastructure investments, as well as new technologies (most notably underground coal gasification).

David has worked for firms including; Macquarie Bank, Westpac Bank, QBE Insurance, DuPont, Rio Tinto and Atom Funds Management.

David has travelled the world looking at assets and brings with him extensive knowledge of natural resources and investment institutions.  His decades as an analyst have allowed him to gather insight into how company’s best pursue their competitive advantage whilst mitigating risks and similarly his knowledge of good board performance supports the strategic direction and assurance requirements of a well-functioning board.


 

 

Astra Resources Plc Secures €80 Million Equity Investment from Global Investment Group, Global Emerging Markets


Adelaide, Australia - 10 August 2013

Astra Resources Plc has entered into a Euro 80 million equity subscription facility with a leading UK‐based investment firm, Global Emerging Markets (GEM) for its upcoming listing.

GEM is a $US3.4 billion alternative investment group that manages a diverse set of investment vehicles focused on emerging markets across the world. It has recently made a number of successful investments in listed resource companies.

The key terms of the equity facility include:

  • limit of Euro 80 million, to be drawn down at the company’s discretion;
  • term of three years;
  • subscription share price to be based on an average closing price formula; and
  • a further grant of 113 million options to GEM at the exercise price of the lower of €3.10 or the market price, for a term of 5 years.

The funds will be drawn down to advance the company’s portfolio of technology, mining and energy projects and in particular its flagship iron ore projects coming up in India.

This is in addition to the funding from China Railway Financial Group announced on 19 July 2013 whereby they will provide major European prime bank facilities to Astra.

For further information please contact:
Jaydeep Biswas, Chief Executive


About Astra Resources Plc

www.astraresources.co.uk

Astra Resources’ global portfolio includes gold interests in Southeast Asia, coal mine in Africa, iron ore in India and the Philippines, carbon efficient and commodity businesses, high-strength T-Steel technology in Hungary and clean coal technology. Astra has a strong focus on acquiring certain technologies that will substantially alter the resources industry by changing end-user demand and costs. Astra aims to do this by identifying inefficient industries, or ones with high cost structures and dominant players or monopolists, and introducing its revolutionary technologies to disrupt the lifecycle of the product. This strategy is widely known as disruptive innovation, or disruptive technology, and refers to an innovation that helps create a new market and value network, eventually changing an existing market and value network by displacing an earlier technology.


About GEM Group

Global Emerging Markets Limited, www.gemny.com, was founded in 1991. GEM is a $3.4b investment group having completed 365 transactions in 60 countries. The firm is an alternative investment group that manages a diverse set of investment vehicles across the world. GEM’s funds include: CITIC/GEM Fund; Kinderhook; VC Bank/GEM Mena Fund*; GEM Global Yield Fund; GEM India.
(*GEM exited both its LP and GP stakes in Q1 2010.)

Contact:
Warren P. Baker, III – This e-mail address is being protected from spambots. You need JavaScript enabled to view it – The Global Emerging Markets Group (GEM)

Disclaimer in regards to Forward-looking Statements
Certain statements included herein, including those that express management’s expectations or estimates of our future performance constitute “forward-looking statements” within the meaning of applicable securities laws. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management at this time, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Investors are cautioned not to put undue reliance on forward looking statements. Except as required by law, Astra Resources PLC does not intend, and undertakes no obligation, to update any forward-looking statements to reflect, in particular, new information or future events.


 

Astra Resources Plc recently released the following announcements


Adelaide, Australia - 2 August 2013

Astra Resources to acquire controlling share of Balaton Power
China Railway Financial Group finalises funding agreement with Astra Resources Plc
We are pleased to report that the worldwide media have taken on these releases as you can see by the positive stats below:

Balaton Power Announcement
Mentioned on at least 109 media websites including:
Wall Street Journal: Click here to view
Reuters: Click here to view
Yahoo Finance: Click here to view
As of today the release was viewed by 6,536 people throughout USA (56%), India (8%) & Australia (6%).

China Rail Announcement
Mentioned on a minimum 106 media websites including:
Wall Street Journal: Click here to view
Bloomberg: Click here to view
Yahoo Finance: Click here to view
The Tribune: Click here to view

As of today the release was viewed by 44,230 people throughout USA (77%), India (4%) & Australia (2%).
We are excited by this recent news taking into account that over 95% was viewed by people from outside of Australia. As we go forward with our intended primary listing in Europe and secondary listing opportunities in Singapore, North America and other Asian markets we appreciate the ongoing support of our shareholders.

 

Appointment of Lead Manager


Adelaide, Australia – 30 July 2013:

Astra Resources Plc confirms that it has appointed Renell Bank as Lead Manager for the Regulated Market Listing in Europe.

 

Astra Resources to acquire controlling share of Balaton Power


Adelaide, Australia – 26 July 2013:

International diversified resources company Astra Resources announced today that it has entered into a Memorandum of Understanding providing terms and conditions to acquire, subject to due diligence and regulatory compliance, 60% of Balaton Power Inc., a publicly traded company listed on the OTC Bulletin Board trading under the symbol "BPWRF".

This acquisition, when consummated, provides Astra with a shareholder presence in North America and an opportunity to list in that market.

Astra will assist in providing funds and Board experience to progress the existing Balaton assets and to acquire more North American assets. Both Balaton and Astra Resources CEO Dr Jaydeep Biswas believe this is a positive transaction for both parties.

Subject to successful completion of this agreement, Balaton will enter into an option agreement to earn an interest in a property in the Voisey’s Bay area located on the east coast of north Labrador, Canada.


About Balaton Power:
Balaton through its wholly owned subsidiary, Continental Resources (USA) Ltd. ("CRL") has a pending Joint Venture Agreement ("JVA") with the Orissa Mining Corporation ("OMC") that has been accepted by both CRL and OMC.

The agreement remains subject to the approval of the State Government of Orissa, India.

This JVA provides 150 million metric tonnes of bauxite from the Gandhamardan Mountain deposit for CRL to set up an integrated aluminium complex with an alumina refinery of about 1 million tonnes per year capacity, and an aluminium smelter of about 260,000 tonnes per year capacity.

The Gandhamardan Mountain holds a large residual deposit of metallurgical grade bauxite averaging 46.4 per cent Al2O3. The historic resource estimate of the Gandhamardan Mountain is over 201.2 million tonnes of bauxite based on 462 drill holes at a minimum of 200 meter sections.

Upon obtaining the Government of Orissa's approval of the JVA between OMC and CRL a feasibility study will begin.


About Astra Resources:
Astra’s main focus is on acquiring disruptive technologies which will substantially alter the resources industry by changing end-user demand and costs.

Also referred to as disruptive innovations, the term describes innovations that improve a product or service in ways that the market does not expect by displacing an earlier technology, a move that often leads to lowering prices in an existing market.


By focusing on both ends of the supply chain through supplying raw materials and utilising ground breaking technologies, such as T-Steel and Clean Coal Conversion, Astra is able to meet the evolving demands of end-users while avoiding costly investment in the manufacturing step of a process.


Astra’s current asset base includes the successful acquisition of a number of industry changing technologies that will help drive the advancement of developing countries. The asset classes cover Industrial & Energy Technologies, Carbon Efficient Operation and Mining Operations. Astra is intending to dual list on the FSE (Frankfurt) and SGX (Singapore) by the end of 2013.

 

Appointment of New Director


Adelaide, Australia – 26 July 2013:

Astra Resources Plc is pleased to announce the appointment of Niren Raj to the Board.

Niren Raj has carved out a reputation for being a legal entrepreneur. His devotion to focusing on results, cost certainty and urgency has set him apart from his peers. It is his style of operating that attracts attention from legal commentators and has drawn like minded service driven entrepreneurs to him.


Niren began working as a lawyer in 1989 and then established a debt recovery, commercial dispute and insolvency practice with a well-known firm in Brisbane. His experience to date has seen him act for major real estate investment trusts and Companies on the Australian Stock Exchange.


Niren brings to the Astra board a commercial and legal expertise to enhance Astra Resources as it seeks to build a global business.

 

Astra Resources Plc – Lodgement of 2012 Annual Report


Adelaide, Australia – 24 July 2013:

Astra Resources Plc is pleased to inform the market that it has lodged its 2012 Annual Report to Shareholders.

The audited 2012 Annual Report was finalised and filed with Companies House, UK, on Tuesday 23rd July 2013.

Astra Resources’ global portfolio includes gold interests in Southeast Asia, coal mine in Africa, iron ore in India and the Philippines, carbon efficient and commodity businesses, the production of the high-strength T-Steel technology in Hungary, clean coal technology.


China Railway Financial Group finalises funding agreement with Astra Resources Plc


Adelaide, Australia – 19 July 2013:

CRFG Sino Construction Investment Ltd (& China Railway Financial Group Ltd), related parties to China Railway Group, herein called CRFG, have finalised funding agreements with Astra Resources Plc to become a major shareholder prior to the intended IPO. This consummates the MOA between the parties signed during 2012.


CRFG have agreed to provide major European prime bank facilities to Astra for projects on a project by project equity basis which will make CRFG the largest single shareholder of Astra Resources Plc once all funding stages are complete. It will be a revolving facility which can be drawn for capital and operational needs of projects.

The funds will be deployed through a 50/50 Joint Venture Company established in Hong Kong which will be jointly managed by CRFG and Astra.

Additionally, the agreement further commits CRFG to significant trade finance facilities, including taking the mined and finished steel products to broader Chinese markets.


Apart from general working capital needs of the parent company, Astra Resources Plc, all funding requirements and needs of projects and technologies are catered for in this agreement.


The themes and spirit of the agreement are around game-changer technologies that will change established industry structures and paradigms in steel and energy industries with a particular focus on carbon efficiency, unique mining opportunities in developing countries where the logistical infrastructure is in place and unique market entries which require a combination of technology, mining and bilateral/collaborative relations.


The initial priorities will be:

  1. Orissa, India iron ore mining and trading followed by high strength steel manufacturing for railways and associated industries
  2. Commercialisation of clean coal technologies, with a focus on brown coal conversion for Chinese energy markets
  3. Gold and copper projects in Indo-China
  4. T-steel and Corex rollout in Europe
  5. Green Diesel injector technology for vehicle conversions in China to reduce pollution
  6. Solar DSSC technology as competitor to silicon solar cells
  7. Developments of coal mines in Africa and iron sands in Philippines


This relationship will transform Astra Resources Plc into a significant technology driven resources company with the backing of a major State-related corporation. The equity valuations are very significant and in accordance with a company with innovative, proven game-changer technology focussed on industry efficiency, industry transformation, transformational products, developing markets and sustainable development.


Astra will request the required approvals of shareholders at future designated milestones.


Astra Resources’ global portfolio includes gold interests in Southeast Asia, coal mine in Africa, iron ore in India and the Philippines, carbon efficient and commodity businesses, the production of the high-strength T-Steel technology in Hungary, clean coal technology.

 

Astra sign MOU for coal briquette factory in Kogi State, Nigeria


Adelaide, Australia – 4 June 2013:


International diversified resource company Astra Resources (GXG Code: 9AR) has signed a Memorandum of Understanding (MOU) to set up a coal briquette factory in Kogi State, Nigeria.

The agreement, signed between Astra Coal Nigeria, a subsidiary of Astra Resources Plc, and Kogi State, is based on a Public-Private Partnership.

A Joint Venture (JV) Company will be created locally between the two entities, of which Astra Coal Nigeria will retain 75 per cent.

Astra Coal Nigeria Project Director, Stephane Muller Margot, says the Company plans to build a coal briquette plant within three years which will have the capacity to produce 5,000 tonnes of briquette per month.

“The government has allocated land for the factory and they will negotiate land compensation with the local community, on Astra’s behalf,” Mr Muller Margot says.

“Astra Coal Nigeria will be the first in Nigeria to develop such a project.”

The ministry of trade and investment has expressed the importance of such projects to the Nigerian economy, along with their hopes for a new consumer trend to use the briquettes domestically instead of wood.

Using coal briquettes over wood maintain numerous advantages, including the reduction of ash, reduction of CO2 emissions over an extended period of time and the potential to use the briquettes on an industrial scale, such as in coal power plants or the steel mill industry.

Astra Coal Nigeria has also made advancements with its coal mining projects, which include five exploration licenses in Kogi State.

The mining cadastre bureau has certified the geology work done by the Company’s geologist between January and February, 2013, for the GIS report on exploration licenses 14140, 14141, 14142, 14143, 14144.

Further geology work is set to be completed following the wet season.

Astra Resources’ global portfolio includes gold interests in Southeast Asia, coal mine in Africa, iron ore in India and the Philippines, carbon efficient and commodity businesses, the production of the high-strength T-Steel technology and clean coal technology.

 

 

Astra set to dual list on the Singapore Stock Exchange


Adelaide, Australia – 31 May 2013:

International diversified resource company, Astra Resources Plc (“Astra”) has signed a Binding Term Sheet (“BTS”) with a Corporate Advisory firm to facilitate a listing on the main Board (Straits) of the Singapore Stock Exchange (“SGX”) – see newsletter dated 29th May 2013.


The process of listing on the SGX via a Reverse Takeover (“RTO”) of the SGX entity by Astra is a perfect adjunct to the strategy and plan that the Astra Board has taken in aiming to list on a EU-regulated Stock Exchange via an Initial Public Offering under prospectus at a future date. This RTO provides access to broader capital markets, an interim listing in Asia and would be at the minimum valuation approved by shareholders in the Members Meeting in September 2012.


Once the final contracts are executed and due diligence complete this will be subject to Members approval at a General Meeting.


Astra Resources’ global portfolio includes gold interests in Southeast Asia, coal mine in Africa, iron ore in India and the Philippines, carbon efficient and commodity businesses, and high-strength T-Steel technology and clean coal technology.


For more information, visit - www.sgx.com


 

Astra Resources Plc Update


Adelaide, Australia – 29 May 2013:

The Executive Directors of international diversified resource company Astra Resources (GXG Code: 9AR) requested in March 2013 that the Company undergo extensive due diligence by external and independent English lawyers prior to the IPO and lodging of two final audits.


The major reason for this is that, given the size of the proposed offering, Astra is required to put together a highly detailed prospectus and the Company will undergo significant scrutiny by underwriters and regulators. Following this, all activities of the Company will be totally transparent to the public.


The lawyers who were preparing the prospectus in the UK needed to be given the opportunity to review the corporate structure and all related matters, including the rollup from the predecessor Australian Company (Astra Mining Pty Ltd) to a UK Company (Astra Resources Plc).


Astra’s Executive Directors can now confirm that this process is complete to the satisfaction of the Directors.


This process has highlighted the importance of further independence, and a review of capabilities and operation, as the Company moves to the next level.


To this end, the Directors have decided to ensure that all its advisers will be UK based, instead of Australian based, consistent with the needs of a technology-based growth company based in Europe and moving towards an IPO.


In the coming weeks there will be further changes, which commenced in March 2013, to Astra’s advisors and staff, including further changes to the board, to be consistent with this business model.


On a broader front, the Company is negotiating and evaluating the following material transactions (introduced by third party advisors) prior to the measured launch of the European IPO prospectus:

  1. A proposal from financial service providers to list the Company in the short term via Reverse Takeover (RTO) on a major Asian Stock Exchange or a major Exchange in North America. This would provide access to broader capital markets, a better interim listing and would be at the minimum valuation approved by shareholders in the Members Meeting in September 2012.
  2. Merging a major debt-free Asian property portfolio into the Company at Euro 3.5 per share (or other negotiated price) to provide further balance sheet strength.
  3. Acquisition of a major steel products company in Australia with significant revenues and profitability which would allow introduction of the steel-strengthening technology in Australia, and an extension to the steel vertical the company is forming.
  4. A recognised post-IPO funding line which has been agreed subject to negotiating final contracts. This is separate to the proposed underwriting.


All acquisitions need independent due diligence and valuations and may require member’s approval.


A major interim listing by RTO under the guidelines set by Members in September 2012 will require final member’s approval.


The external valuation work on the projects is attached as per the announcement of 7th November 2012.


Astra Resources’ global portfolio includes gold interests in Southeast Asia, coal mine in Africa, iron ore in India and the Philippines, carbon efficient and commodity businesses, the production of the high-strength T-Steel technology in Hungary, clean coal technology.


 

Astra sign business agreement for hydrogen production system


Adelaide, Australia – 10 May 2013:


Astra Spain Pty Ltd, a subsidiary of international diversified resource company Astra Resources (GXG Code: 9AR) has signed a business agreement with the developers of an environmentally friendly hydrogen production system.

Invented by Dr Luis Manuel Torrecilla Rodríguez, the technology is a new version of the Dye Sensitised Solar Cell (DSSC) invented by Professor Michael Grätzel in 1991.

The new device, which uses Physical Vapour Deposition (PVD) techniques, is capable of hydrogen generation and alternate versions can generate electricity and are also capable of being used for decontamination. The new device is also more robust than the original invention and has a longer life time.

Astra CEO Dr Jaydeep Biswas says the device promises to be very cost effective as it uses abundant natural solar radiation to cleave water into hydrogen and oxygen.

“The use of the device for solar electricity generation could find markets for tinted windows in buildings, while the ceramic backed version could be highly effective as electricity generating roof tiles,” Dr Biswas says.

“Since the device is based on the conversion of molecular hydrogen in atomic hydrogen, it can be used in situ while generating.

“As atomic hydrogen has a much higher energy density (more energy, less space) than molecular Hydrogen, this device results in the energy efficient production of hydrogen.”

In essence, the new device has two additional external hard coatings which create a new external cell on each face. These external cells trap the highly energetic UV/Blue wavelengths of light both generating power and preventing the UV light from reaching the internal working solar cell. The UV light then attacks the organic compounds by oxidizing and decomposing.

The basis of the DSSC is based on dyes of organic substances. The action of UV light on these cromósforos can destroy the cell, so it must be protected. This enables the internal part of the device to last much longer than previous versions. Also, since heat produced by the UV light can be carried away from the surface, the internal workings are cooler reducing problems of expansion.

The new design has effectively created a truly bi-facial tandem cell device with a number of benefits over existing technology, including self-cleaning surfaces free from germs and free radicals.

Hydrogen is regarded as the fuel of the future because it could displace the use of oil and petrol for transport and since it can be used to generate electricity and heat it has a myriad of other applications.

Hydrogen is the lightest gas and also the most energy-dense fuel per mass. One kilogram of hydrogen holds 33,000 Watt hours of energy, three times that of a kilogram (approximately 1 litre) of gasoline.

Today there are hydrogen fuelled cars and busses running in many towns with fuel cells converting the hydrogen to electrical energy and then via DC motors to drive vehicles. Fuel cells generate heat as a by-product and can therefore be used in the home to provide both heat and electricity.

Astra Managing Director Silvana De Cianni says hydrogen is not found naturally on Earth, therefore it must be produced, transported and stored under special conditions.

“Normal hydrogen production methods from natural gas not only consume energy but produce CO2,” Ms De Cianni says.

“Production of hydrogen using this device can provide a viable clean alternative which could see hydrogen being produced in the home.”

“The new technology, with its low-cost constituents, holds the promise of low-cost generation with huge positive environmental impacts which could be adopted on a world wide scale.”

Hydrogen is high in energy, yet an engine that burns pure hydrogen produces almost no pollution, making it an attractive energy option.

A hydrogen fuel cell combines hydrogen and oxygen to produce electricity, heat and water. Fuel cells are often compared to batteries as both convert the energy produced by a chemical reaction into usable electric power. However, the fuel cell relies on hydrogen to produce energy, and if this is not present it will not work.

Fuel cells are a promising technology for use as a source of heat and electricity for buildings, and as an electrical power source for electric motors propelling vehicles.

In the future, hydrogen could also join electricity as an important energy carrier. An energy carrier moves and delivers energy in a usable form to consumers. Renewable energy sources, like the sun and wind, can't produce energy all the time. A device that can directly produce Hydrogen from solar energy will be a major advance as the hydrogen can be stored until it's needed.

Hydrogen can also be transported in tankers or pipelines.

Astra Resources’ global portfolio includes gold interests in Southeast Asia, coal mine in Africa, iron ore in India and the Philippines, carbon efficient and commodity businesses, the production of the high-strength T-Steel technology in Hungary, clean coal technology.

 

 

Astra move closer to acquisition of iron ore mines in Orissa, India


Adelaide, Australia – 7 May 2013:

International diversified resource company Astra Resources (GXG Code: 9AR) is in the process of concluding the acquisition of two mines in the eastern state of Orissa, India (see newsletter dated 13 February 2013). Acquisition terms are now final.


The mines have existing mining leases in place, and Astra is in the process of renewing mining licenses covering both sites.


Astra CEO Dr Jaydeep Biswas says the first of the two sites is a 66 acre non-forest mine which has been producing high-grade iron ore of 62-65 per cent Fe. It has upwards of 40 million tonnes of estimated iron ore.


“The mine is located 158 kilometres from Halida port, only a short distance from the railway line, ensuring smooth logistic connectivity,” Dr Biswas says.


“ Astra will begin the process of submitting the mining plan and environmental impact study, both of which are mandatory steps to ramp up the production on a larger scale.


“The acquisition terms of the first mine will have no effect on the Astra capital structure or profit and loss.”


The second mine, which covers an area greater than 600 acres, is located in the Keonjhar district of Orissa, India, and has very high grade Fe iron ore reserves (see newsletter dated 13 February 2013).


Astra Managing Director Silvana De Cianni says the second mine is also in the process of RML and Astra will complete an environmental impact study on the site.


“A detailed mining plan is to follow, along with JORC compliant drill data,” Ms De Cianni says.


“Expected reserves are well over 500 million tonnes with a grade of 63+ per cent Fe.


“The large reserves present on this site will be assessed by internationally qualified geologists to evaluate whether any additional capital investment in mining expansion is required. Their findings will contribute to the JORC compliant mining report.


“With a rail line in the vicinityof this mining property, logistics will not be an issue, and bottlenecks that hinder many iron ore produces in the area will not affect Astra.”


Acquisition for the second mine will be on majority scrip basis.


The production profile of these mines along with the Philippines iron sands project and a production-ready thermal coal asset under negotiation are expected to provide the earnings profile post-IPO while the technology portfolio is globalised.

Both acquisitions are awaiting final due diligence and valuation/geologists reports.


Astra Resources’ global portfolio includes gold interests in Southeast Asia, coal mine in Africa, iron ore in India and the Philippines, carbon efficient and commodity businesses, the production of the high-strength T-Steel technology and clean coal technology.


 

Astra announce first step in acquisition of OAM steel works


Adelaide, Australia – 25 March 2013:

International diversified resource company, Astra Resources (GXG Code: 9AR) has signed a Memorandum of Understanding (MOU) with the Aicher Group, based in Freilassing, Germany.


The MOU covers the purchase of assets owned by the Aicher Group in Hungary and it includes the Ózd Steel Works (OAM) and other logistic assets such as slag processing infrastructure and an operating hotel.

The international law firm, Lakatos Köves Partners in Budapest, has commenced preliminary work on the proposed acquisition. The details of the proposed transaction are subject to non-disclosure and confidentiality agreements and the transaction is subject to due diligence, valuation and final documentation.

Astra CEO Dr Jaydeep Biswas says the current plant infrastructure allows for a peak production capacity in excess of 400,000 tons per year and Astra is planning further developments for special applications required by Astra’s customers.

“The deal is expected to be finalised in the coming months, and the acquisition will result in a major NPV addition to Astra,” Dr Biswas says.

“The acquisition, which will be funded by Astra’s upcoming IPO, will enable Astra to acquire an important manufacturing asset within the European Union and will place Astra in a prime position to be able to supply much sought after and profitable premium quality steels to its customers, and also to other world markets.”
The deal has strategic importance to both companies, with Mr Max Aicher, CEO of the Aicher Group, stating the Aicher Group will be able to concentrate on its key operations in other parts of Europe.

Dr Biswas says that in previous discussions with Mr Aicher, further cooperation in other areas could also be a possibility, subject to discussions.

Astra Managing Director Silvana De Cianni says that the proposed financial structure of the assets purchase will allow Astra to operate the mill with a high quality, experienced labour force, headed by Astra’s key staff in Hungary that have extensive experience in steel manufacturing.

“The planned operating costs will compare more than favourably with current low cost steel producers elsewhere in the world,” Ms De Cianni says.
Astra Resources’ global portfolio includes gold interests in Southeast Asia, coal mine in Africa, iron ore in India and the Philippines, carbon efficient and commodity businesses, and high-strength T-Steel technology and clean coal technology.


 

Astra explores clean energy opportunities


Adelaide, Australia – 19 February 2013:
International diversified resource company Astra Resources Plc (GXG Code: 9AR) has revealed it is exploring options to acquire viable low-carbon technologies to add to the Company’s growing asset base of clean energy companies

Astra has been closely following the growing focus on renewable energy sources, and has been studying new technologies and their future growth potential. To date Astra has incorporated a number of carbon efficient businesses into its operations, including Green Gum, Carbony and Green Diesel.

The Company is now advancing towards further clean energy investments. One of the technologies under consideration involves the generation of hydrogen from water using the energy from sunlight in a new way promising lower costs and close to zero carbon emissions.

Astra CEO Dr Jaydeep Biswas says research indicates hydrogen can replace fossil fuels in many applications, thus reducing greenhouse emissions and improving air quality.

“Society as a whole is shifting away from its dependence on fossil fuels and moving towards a much cleaner hydrogen future, or, as it is more well know, Hydrogen Economy” Dr Biswas says.

“The Hydrogen Economy is the term used to mark the shift from fossil fuels such as coal, oil and gas to hydrogen.

“Hydrogen is a renewable, versatile, simple, sustainable domestic energy, and there is no danger of ever running out of it as it is the most abundant element in the universe, able to be produced through a thermal, electrolytic or photolytic process from fossil fuels, biomass, or water.

“The fact hydrogen can be produced from such a variety of primary energy sources makes it accessible to all, and can lead to economic growth and energy security.
“With the right apparatus, individuals can even produce hydrogen in their homes.”

Astra managing Director Silvana De Cianni says the current dependence on fossil fuels has created significant environmental problems worldwide; however there is a strong belief that the Hydrogen Economy will eliminate most, if not all, of these problems.

“Utilising hydrogen over fossil fuels will provide greater fuel efficiency, eliminate harmful emissions caused by fossil fuels, eliminate greenhouse gases and eliminate economic dependence on oil reserves,” Ms De Cianni says.

“This proves highly beneficial for developing countries as it will provide greater energy independence, something that could eventually lead to a total decentralization of the global energy market.”

Hydrogen has been considered as a fuel for many years and has numerous end-user applications. It can be burned to provide heat to drive turbines for combined heat and electricity generation, or for internal combustion engines providing motor power.

Today these applications include the use of hydrogen in fuel cells which are finding applications almost anywhere energy is needed, including in cars and buses, as well as small appliances and larger equipment.

Utilising hydrogen in fuel-cell systems results in very low to nil carbon emissions, and no emissions of harmful substances like carbon monoxide or sulphur dioxide.

Fuel cells, which can theoretically be made in a wide range of sizes for any number of potential applications, have the ability to effectively convert hydrogen to electricity using special membrane materials and an electrochemical process rather than combustion process.

Both the United States of America and Japan believe hydrogen and fuel cells to be core technologies for the 21st Century, with strong investment and industrial activity in the hydrogen and fuel arena in these countries.

To date, substantial investments into hydrogen and hydrogen fuel cells have led to significant technological improvements, and there is enormous interest in its potential energy applications, particularly for the transportation sector.

Chicago and Vancouver are already using hydrogen fuel cells to power their buses with great success, and Ford, GM, BMW, Toyota and Honda have prototype cars powered by hydrogen.

While hydrogen can be produced in many different ways using a wide range of technologies, steam reformation of methane using natural gas and coal gasification currently offer the lowest-cost means of producing hydrogen, however these methods lead to greenhouse gas emissions and are energy intensive giving rise to costs which are considered to be still too high for the hydrogen economy to develop rapidly.

What is significant about the new technology Astra is considering is not just the avoidance of greenhouse gas emissions, but the possibility of a step change in the cost of hydrogen generation.

Astra Resources’ global portfolio includes gold interests in Southeast Asia, coal mine in Africa, iron ore in India and the Philippines, carbon efficient and commodity businesses, the production of the high-strength T-Steel technology in Hungary, clean coal technology.

 

Application to join Main Quote market of the GXG Exchange


Adelaide, Australia – 15 February 2013:
Astra Resources PLC ("Astra") (GXG: 9AR) is proud to announce that it has decided to apply for an upgrade to the Main Quote Board of the GXG Exchange (formerly GXG:MTF).

This is an interim upgrade while Astra Resources is in the process of finalising their draft prospectus and audit for the regulated Board of the GXG (Official List) and further listing in Germany.

Astra will migrate to the GXG Main Quote market which operates on the same electronic trading platform as the GXG Official List Regulated Market - the market quotation is broadly speaking the same as offered by the Regulated Market.

The Company will update the market as to the progress of the approval of its prospectus and subsequent timescales for admission to the GXG Official List.

Astra Resources’ global portfolio includes gold interests in Southeast Asia, coal mine in Africa, iron ore in India and the Philippines, carbon efficient and commodity businesses, the production of the high-strength T-Steel technology in Hungary, clean coal technology.

 

Astra finalise acquisition agreement for iron ore mine in Orissa, India


Adelaide, Australia – 13 February 2013:
International diversified resource company, Astra Resources Plc (GXG Code: 9AR), has finalised an initial acquisition agreement for its first major iron ore mine in Orissa, India.

The initial acquisition agreement is subject to and conditional upon satisfactory due diligence and valuation conditions, JORC drilling steps, and stagewise payments. Only upon satisfactory completion of such conditions to the initial agreement will there be a formal sale and purchase agreement.

There is estimated to be over 500 million MT of proven, probable and estimated reserves of iron ore within the mine site, with a hematite grade of 62 per cent to 68 per cent Fe. The estimates are based on previous GSI historical data, satellite surveys and drilling.

The mine was previously in operation, and can be brought into operation within 12 months with the renewal of mining license (RML) and application for an environmental permit. Satisfaction of such RML will be a further condition of the completion of the sale and purchase agreement (see newsletter dated 15th January 2013).

The availability of local logistics infrastructure allows profitable mining (since primarily marginal cost of mining) at lower reserves compared to a Greenfield site where dedicated infrastructure needs to be built and amortised over mine-life.

The mine has road access and utilities, and access to the national rail network to local (where there is significant growth in the steel industry) and international markets is approximately four kilometres away with a new spur to be built at the standard Government construction costs.

The cost of contract mining on-site is expected to be between $20-25 per tonne at mine-head.

Astra is negotiating an option over a second ore mine with an estimated iron ore reserve of 500 million tonne, with similar characteristics.

Astra Resources’ global portfolio includes gold interests in Southeast Asia, coal mine in Africa, iron ore in India and the Philippines, carbon efficient and commodity businesses, the production of the high-strength T-Steel technology in Hungary, clean coal technology.

 

Astra Resources confirms commitment to green diesel technology plans


Adelaide, Australia – 4 February 2013:

International diversified resource company Astra Resources (GXG Code: 9AR) says its green diesel acquisition will be a leading disruptive technology asset and is forging ahead with its rollout plans.


Green Diesel Corp Ltd (Green Diesel) was formed to supply the global requirement of a clean-burn, cost-effective Diesel Injector System.


The resulting technology (High Pressure Diesel Injection System - GDI) can be easily retro-fitted to existing diesel engines, with only minor alterations required, and dramatically decreases the harmful particles in emissions from diesel engines, enabling these engines to meet stringent Europe and USA 2007-2012 Environmental Protection Agency (EPA) Clean Air Legislation.


Initially, Green Diesel will sell its GDI technology to truck engine manufacturers in the USA as truck operators in this region have an urgent need to meet US pollution control standards. Further development of the technology for European regions will open up the European, Asian and Middle Eastern markets.


Astra CEO Dr Jaydeep Biswas says the June 2012 acquisition of Green Diesel’s GDI technology is in line with the Company’s disruptive technology strategy, with the technology delivering improved performance at a lower cost.


“To date, GDI has provided 30 per cent more power, increased engine torque by 30 per cent, and improved fuel economy by 30 per cent, when compared to existing fuel systems,” Dr Biswas says.


“It also reduces engine structural stresses by 60 per cent, and has demonstrated high reliability with no fuel system wear observed on an engine running on a dynamometer for 1 million miles.


“Additional benefits include the elimination of noisy ‘diesel knock’, reducing engine stress by 66 per cent, an overall reduction in in-cabin noise and vibrations, and a reduction in pollutants caused by engines and the combustion process, minimising the health danger to the global population.”


In GDI, far higher fuel injection pressures (160,000 psi vs. the 28,000 psi found in the best of the current diesel products) are developed utilising the initial cylinder compression to power the hydraulic-electronic injection of the fuel into the engine.


GDI is a two stage hydraulic/electronic fuel delivery system, with the initial stage injecting a small amount of fuel to the compressed air starting the combustion process. In this stage fuel acts like a spark plug in a petrol engine, igniting the rest of the fuel rather than the fuel exploding on its own. The remaining fuel is injected a microscopic amount of time later.


GDI eliminates much of the stress in the diesel engine, enabling existing petrol engines to be converted to diesel at a far lower cost (around 3 per cent of actual engine cost, compared to 20 – 25 per cent for common fuel injection systems).


Using GDI simplifies the conversion from petrol to diesel fuel, as the technology uses no high pressure pump, with maximum pressure reached at the first rev, even under cold start conditions.


Astra Managing Director Silvana De Cianni says the demand for diesel engines is growing globally, with the estimated global number of vehicles exceeding 600 million, with 50 million new vehicles added each year.


“Globally, the demand for diesel vehicles is expected to nearly double over the next 10 years to account for approximately a quarter of all vehicles,” Ms De Cianni says.
“Major growth is expected in markets such as the USA, where diesel vehicles are expected to make up 10 per cent of all vehicles sold in the US by 2015, up substantially from the current rate of just 3.2 per cent.


“Potential growth markets have also been identified in Eastern Europe, Asia, South Korea, India and China.


“With this diesel engine global demand situation in mind, Green Diesel is initially targeting the USA market due to its high growth, ready adoption of new technology to a developing market, Government Regulation targets and strong state emission regulations, common language and trade agreements, common technology and existing contacts into key US markets.


“For the domestic market, according to data collected in 2004, there are 1.179 million diesel vehicles in Australia, and we intend to further build on the business through modest Australian sales, expected to be around 6,600 in the first year of production and 13,000 in the second.”


To date, the system has been successfully used to convert the Orbital and Chevrolet engine from petrol to diesel.


While unique due to its multi-stage combustion process, ultra-high fuel atomization and multi-stage fuel mass control, Green Diesel’s GDI technology does have partial competition; however alternative technologies are costly and cumbersome.


As an example, technology such as the heavy exhaust gas recirculation (HEGR) system requires improvements to fuel system modifications, engine redesign and air handling changes in addition to more aggressive exhaust processing.


In comparison, GDI is cost effective and easy to use and install, which can be illustrated by its step less-stage ignition process vs. a stepped-stage ignition process, the use of light-weight pistons to reduce vibration and the elimination of the generally required inlet manifold.

International acclaimed inventor Ronald Kukler, who spent 20 years developing Green Diesel’s GDI technology, was named ‘Australian Inventor of the Year’, and also won the prestigious Gold medal in the Class ‘A’ division at ‘Salon International Des Inventions’ in Geneva, Switzerland.


The Australian Government department of Innovation in Industry and Regional Development, via the ATS program, are actively promoting Green Diesel’s technology domestically and internationally.


Astra Resources’ global portfolio includes gold interests in Southeast Asia, coal mine in Africa, iron ore in India and the Philippines, carbon efficient and commodity businesses, the production of the high-strength T-Steel technology in Hungary, clean coal technology.


 

Astra begins acquisition process for iron ore mines in Orissa, India


Adelaide, Australia – 15 January 2013:
International diversified resource company, Astra Resources Plc (GXG Code: 9AR), is negotiating acquisition of up to three iron ore mines in the Keonjhar district of Orissa (near the village of Sanputuli), India on a cash plus scrip basis. A JORC drilling program will be conducted to confirm reserves as a condition of settlement.
These sites form part of a cluster of iron ore mines that have been identified as meeting Astra’s strict mining criteria, with high Fe (+63 per cent) iron ore resources measured within the identified mines and a total estimated potential reserve of 500 million tonnes. The cluster of mines have either mining licenses in place or will have in place within 12 months, have previous drilling results or have been mined in the past, are open cut and are close to logistics infrastructure (road and rail) availing supply to local and international markets. The availability of local logistics infrastructure allows profitable mining (since primarily marginal cost of mining) at lower reserves compared to a greenfield site where dedicated infrastructure needs to be built and amortised over mine-life.

The largest of these mines (approx. 300-400 million tonnes) can be brought into operation within 12 months with the renewal of mining license (RML) and application for an environmental permit – this specific mine has been previously in operation and has been drilled. Equipment exists on the mine site to start mining and the Government national railway network is a short distance (4 kilometres) from the mine.

Astra CEO Dr Jaydeep Biswas says through these acquisitions, the Company is creating a valuable beachhead in the growing Indian iron ore market.

“In 2011 Astra acquired a leasehold for a 5,000 square metre plot on government owned Paradip Port, enabling Astra to secure an export code and, subsequently, trading licenses to both sell iron ore and transport the resource in Orissa by road and rail,” Dr Biswas says.

“Astra has already secured trading licenses covering the Koira Mining Circle in the Sundergarh district and the Joda and Barbil areas in the Keonjhar district of Orissa State, India.

“The Company is in the process of securing a third trading license, which will allow Astra to sell and transport third-party iron ore directly to buyers and enabling use of government logistics infrastructure, including railways.
“Due to the abundant mineral resource base and its strategic proximity to major iron ore consumers in the Indian and world markets, Orissa offers an excellent investment opportunity for mining companies and iron and steel manufacturers.”

The investment into the Orissa mines is in-line with Astra’s primary strategic focus of servicing the global commodities demand, in particular the expanding resources demands in China and India.

Astra Managing Director Silvana De Cianni says in addition to supplying iron ore locally, which is in high demand, the Orissa iron ore mines also provide a strategic opportunity for Astra to vertically integrate its future steel manufacturing operations by securing the supply of raw materials.

“Orissa is one of the largest producers and leading exporters of iron ore within India, with the iron ore mined in the province used domestically in Indian steel mills and also exported, mainly to China. Mining costs in India are amongst the lowest in the world.,” Ms De Cianni says.

“In order to maintain this competitive advantage, Astra is working to ensure all mine sites will be in one district, or adjoining districts, so they are efficient to manage and can deliver significant economies of scale.

“As an additional future step for its Indian operations, Astra are looking into the viability of introducing its T-Steel technology to Indian steel mills so the Company can derive its own internal market based on premium steel production through technology marketing.”

In terms of size, China is the world’s largest steel producer with India currently in the third place. India is the world’s largest producer of sponge iron in the world. China is the biggest importer of iron ore in the world and India is the third largest exporter, behind Australia and Brazil. There are reasons for such astounding growth. China’s per capita steel consumption is 405 kilograms. India has started to move on the path of steel production. Its steel consumption is still low at 48 kilograms per capita. Growth in India is also due in part to very strong demand factors that include ease of infrastructure development, strong economic growth, growing demand from white goods and automobile markets and an affluent middle class.

Astra’s initial focus will be a domestic sales strategy through the establishment of supply agreements. Dr Biswas says the Company is already in advanced negotiations with Government and major private buyers for initial supply agreements.

“On the export front, the Astra Group are in detailed negotiations with Chinese buyers, with these discussions expected to be successful as the market for Indian iron ore is very strong due to the fact that it is cheaper and easier to transport,” Dr Biswas says.

The Mayurbhanj, Keonjhar, Sundargarh and Jajpur districts in Orissa bear the major high grade (+60 per cent Fe) hematite deposits. According to information available from the Director of Geology and Director of Mines, Orissa, the state has 5,306 million tonnes of iron ore deposits, of which 3,000 million tonnes belong to leasehold areas and the remaining 2306 million tonnes belongs to freehold areas. Keonjhar is the leading district with a resource base of around 3,574 million tonnes. This data is expected to be conservative.

geo map orissa


Orissa has a long coastline of 480 kilometres, with Paradip as the major all-weather port. Paradip has its own railway system, and is connected to the East Coast railways, along with NH-5A and State Highway 42.

orissa railway


Work to modernize the existing port infrastructure has been agreed to, which will include deepening the approach channel from 12.5 metres to 18.7 metres and extending the existing iron ore berth from 155 to 205 metres. There are also plans to install two 20 tonne shore cranes and improve national rail links to Paradip.

Orissa maintains numerous benefits when it comes to iron ore mining, with the relative amount of overburden significantly less compared to the western region of India.

Another advantage of Orissa mines is that through selective mining, areas containing high grade resources are mined for direct shipping, reducing blending and processing costs. Crushing and screening are the only processes that need to be carried out post mining.

Astra Resources’ global portfolio includes gold interests in Southeast Asia, coal mine in Africa, iron ore in India and the Philippines, carbon efficient and commodity businesses, the production of the high-strength T-Steel technology in Hungary, clean coal technology.

 

Astra Coal Nigeria signs Memorandum of Understanding for thermal coal properties


Adelaide, Australia – 20 December 2012:

Astra Coal Nigeria Ltd, a subsidiary of international diversified resource company Astra Resources (GXG Code: 9AR), has signed a Memorandum Of Understanding (MOU) to enter into a Joint Venture Agreement with the shareholders of Shebuel International Ltd and local landowners.

The agreement will provide Astra with an eighty seven per cent shareholding of Shebuel International Ltd which has five coal exploration licenses that are located in the Omala Local Government Area of Kogi State, and cover an area of 103 square kilometers (see newsletter dated 6 November 2012).

Astra CEO Dr Jaydeep Biswas says the license numbers included in the MOU include 14140, 14141, 14142, 14143 and 14144, and contain a hypothetical reserve of 250 million tonnes of thermal coal.

nigeria resources


“These coal properties will be added to Astra’s current coal interests in Kogi State, which include a previously signed JV for two thermal coal properties and Notice of Commencements for an additional five sites,” Dr Biswas says.

Astra Coal Nigeria Ltd has 120 days after the completion of the Joint Venture Agreement to complete the requisite due diligence and legal procedures.

Upon completion, Astra Coal Nigeria Ltd will retain eighty seven per cent of the JV Company, 10 per cent will be held by the vendor Shebuel shareholders, and the remaining 3 per cent by local land owners.

Astra’s JV of Shebuel International plays into the Company’s long-term strategy to acquire a total reserve of 500 million tonnes of coal which Astra plan to develop into coal trading, coal power plants and coal briquette plants in Nigeria.

A GIS survey will be done on the five coal properties in January 2013, with a geophysics survey slated to begin in February 2013.

Astra Resources’ global portfolio includes gold interests in Southeast Asia, coal mine in Africa, iron ore in India and the Philippines, carbon efficient and commodity businesses, the production of the high-strength T-Steel technology in Hungary, clean coal technology, and a large Agricultural focus on creating Australia as the food bowl for the Asian Region.

 

Astra acquires permit to establish coal power plants in Kogi State, Nigeria


Adelaide, Australia - 17 December 2012:
Astra Coal Nigeria Ltd, a subsidiary of international diversified resource company Astra Resources (GXG Code: 9AR), has acquired a permit for the establishment of coal power plants in Kogi State, Nigeria.

The permit, obtained from the Nigerian Ministry of Commerce and Industry, outlines the Kogi State Governments intent to enter into a Joint Venture agreement with Astra for the establishment of Coal Power Plants in the Ankpa and Dekina Local Government Areas.

Astra CEO Dr. Jaydeep Biswas says this permit is an important step towards fulfilling Astra’s long-term plan of investing in the emerging Nigerian Coal Power Plant Business.

“Astra has signed a Joint Venture for two thermal coal properties in Kogi State, and the Company holds notice of commencements for an additional five sites, also in Kogi State,” Dr Biswas says.

“The combined reserves present in these properties are expected to play a substantial role in actualizing the requisite 500 million tonnes Astra has earmarked as a minimum requirement for investment into the emerging Nigerian Coal Power Plant business.”

Preliminary geological investigation has commenced on the sites, and Astra expect to complete this pre-drilling exploration work by the second quarter of 2013.

These studies precede the core drilling and JORC reserve calculation exercises, and the subsequent report will form part of the documents required for the Mining Leases application that will be executed from the second quarter of 2013. Upon acquisition of the Mining Leases Astra will secure the development funding for coal production directed towards the local market.

Astra representatives recently concluded a visit to Nigeria, where they met with the new State Governor, Idris Ichalla Wada, and re-emphasized the Companies commitment to revitalizing Nigera’s coal mining industry, a move that strengthened the bonds between the Kogi State authorities and Astra.

muller margot
Astra representative and project director Stephane Muller-Margot

The Joint Venture between Astra and the Kogi State Government is granted for a period of twenty (20) years with renewable terms which will be effective from the day of the feasibility study report.

Astra is currently developing appropriate steps to ensure the accomplishment of the agreement and feasibility study.

Astra Resources’ global portfolio includes gold interests in Southeast Asia, coal mine in Africa, iron ore in India and the Philippines, carbon efficient and commodity businesses, the production of the high-strength T-Steel technology in Hungary, clean coal technology, and a large Agricultural focus on creating Australia as the food bowl for the Asian Region.


Astra Resources PLC to apply for the Regulated Market of the GXG Exchange


Adelaide, Australia - 11 December 2012:
Astra Resources PLC ("Astra") (GXG: 9AR) is proud to announce that it has decided to apply for an upgrade to the Regulated Market of the GXG Exchange. Astra Resources is in the process of finalising their draft prospectus with their European lawyers. The issuing of the prospectus will also enable Astra to proceed with a listing in Germany (already disclosed) which we believe will help provide a stable foundation for the future growth of the Company.

Astra signs binding Memorandum of Agreement with China Railway Finance Group Limited


Adelaide, Australia - 6 December 2012:
International diversified resource company Astra Resources PLC (GXG Code: 9AR) is pleased to announce that it has signed a binding Memorandum of Agreement (MOA) with China Railway Finance Group Limited (CRFG).

The MOA commits Astra and CRFG to incorporate a 50/50 Joint Venture company in Hong Kong as the holding company and special purpose vehicle for conducting operations in agreed areas of interest worldwide.

The agreement grants CRFG the opportunity to finance Astra projects from development to revenue.

CRFG will be responsible for promoting the business activities of Astra in the market, and procure the finance for technology implementation and mine development and operation.

Astra’s obligations include the requirement to provide:

  • Access to and participate in the manufacture of T-Steel and Corex products in Chinese steel plants for existing global supply contracts requiring premium steel;
  • Access to clean coal technology, and future technology, to the JV with commercialisation to be funded by CRFG;
  • All project management, business development skills, feasibility study reports and mining technology; and
  • Provide off take opportunities for CRFG for finished products and minerals.


China Railway Finance Group Limited specialises in investment, holding and strategic partnership development, fund management, project management, project development, consultation service and financial services, and has experience in the development of new energy and technical research, mining, construction projects, private planning and project financing.

Astra Resources’ global portfolio includes gold interests in Southeast Asia, coal mine in Africa, iron ore in India and the Philippines, carbon efficient and commodity businesses, the production of the high-strength T-Steel technology in Hungary, clean coal technology, and a large Agricultural focus on creating Australia as the food bowl for the Asian Region.

 

Astra reveals the scope of projects in its upcoming prospectus


Adelaide, Australia - 5 December 2012:
International diversified resource company Astra Resources Plc (GXG Code: 9AR) has revealed the scope of the projects being included in its upcoming prospectus, reconfirming its commitment to building a diversified, risk managed portfolio of game changing technologies and assets which span four key areas of focus.

our company

From leading-edge technology that will revolutionize the steel and coal industries, close to market raw material supply to these industries, carbon efficient operations, and property projects that will deliver highly sought-after outcomes, each project within each asset class has been carefully selected for its value.

If Astra was purely a mining company it would be competing at the costs and margins of a miner and commodity product provider, and have the price earnings ratio of a mining company.

However, the ownership of game-changing technologies allows Astra to significantly impact end-user product costs (for example, strengthening steel technologies results in lower raw materials costs, energy input costs and lower steel requirement for any application) and the royalty structure can potentially have access to margins significantly higher than mining and commodity margins, and potentially provide a price earnings ratio comparable to a high growth technology company. The combination of assets in mining and technology therefore hedges the business.

Astra recognises that as more and more governments around the world commit to increasing the amount of energy generated by renewable sources there will be a proportional increase in the number of opportunities for the economically viable commercialisation of renewable energy opportunities.

An increase will also be seen in opportunities to implement clean and carbon efficient technologies in existing industries, such as steel and energy, and also to reduce raw material type and per capita cost and use. Examples of this are the strengthening of steel for any given application and the effective use of brown coal for power generation in developing markets.

A common theme in all of Astra’s initiatives, along with technological advancement, is the use of nano-science that provides proprietary technology which is very difficult to replicate.

Astra’s CEO Dr Jaydeep Biswas says behind Astra’s success is a vigorous overarching strategy to invest in and develop a high-performing, diversified, long-term asset portfolio which is naturally hedged to generate continual shareholder value.

“Astra’s strategy is founded on a pioneering spirit and executed through a process-driven, four pronged strategic approach,” Dr Biswas says.

business strategy

Within each asset portfolio, Astra boasts a range of assets, technologies, initiatives and opportunities.

Astra’s projects go through a rigorous due diligence and regular review process, ensuring they underpin the Company’s vigorous and bold strategy to revolutionize industries by investing in and developing a suite of industry-transforming assets.

By capitalising on China’s and India’s rapidly growing demand for resources, using technology to solve century old challenges, creating value-added processes, effectively managing the sale process and achieving early revenue generation, Astra’s assets and projects build, connect and work with each other to create an integrated and dynamic business set to redefine some of the largest industries in the world.

Astra’s Managing Director Silvana De Cianni says Astra’s strategy is simple, centring on investing in and developing a high-performing portfolio of long-term assets in key classes to reinforce its positioning as a major participant in the global resources market.

“Astra’s main focus is on acquiring disruptive technologies which will substantially alter the resources industry by changing end-user demand and costs,” Ms De Cianni says.

Also referred to as disruptive innovations, the term describes innovations that improve a product or service in ways that the market does not expect by displacing an earlier technology, a move that often leads to lowering prices in an existing market.

By focusing on both ends of the supply chain through supplying raw materials and utilising ground-breaking technologies, such as T-Steel and Clean Coal Conversion, Astra is able to meet the evolving demands of end-users while avoiding costly investment in the manufacturing step of a process. This hedges the business at high margins.

Astra’s current asset base includes the successful acquisition of a number of industry changing technologies which will help drive the advancement of developing countries.

table1

As part of its disruptive technologies strategy Astra has been closely following the growing focus on renewable energy sources, and has incorporated carbon efficient businesses, with a focus on creating significant carbon offsets.

table2

To further capitalise on its technology strategy Astra has, or are in the process of, securing the supply chain of raw materials related to the production of these technologies.


Astra has an enviable list of global mining projects and opportunities in iron ore, coal and other steel making commodities, all of which are selected based on strict screening criteria. Gold is used to internally hedge the dollar exposure of the steel making commodities.

By identifying mines that are geographically diverse with assets close to end-users and, where possible, vertical integration to create a business hedge with internal revenues and annuity streams such as mining services, Astra has aimed to protect itself against the adverse effects of commodity cycles.

This allows Astra to have higher mining margins compared to projects in many traditional commodity supply countries where dedicated mining and logistics infrastructure, long logistic supply lines and shipping to user markets are required.

A summary of Astra’s strict screening criteria for prospective global mining projects and opportunities is outlined below (geological studies being finalized):

mining


table3


These projects/assets are underpinned by diversified interests that complement, reinforce and protect the existing business including mining housing accommodation, lifestyle housing accommodation, agricultural commodities and commodities trading.

The Astra group has active ownership in the following projects – reference to completion is in the context of inclusion in prospectus. The projects in final stages of negotiations (also identified below) are intended to be complete for the requirements of issuing of the prospectus in early-2013. Astra is also considering further acquisitions prior to issue of the prospectus.


table4


In building a diversified, risk managed portfolio, Astra’s vision is to position itself as a major participant in the global resources market and to redefine industries.

Astra Resources’ global portfolio includes gold interests in Southeast Asia, coal mine in Africa, iron ore in India and the Philippines, carbon efficient and commodity businesses, the production of the high-strength T-Steel technology in Hungary, clean coal technology, and a large Agricultural focus on creating Australia as the food bowl for the Asian Region.

Astra Resources Plc Is Admitted To Gxg Markets Otc


Adelaide, Australia - 4 December 2012:
Astra Resources PLC ("Astra") is proud to announce that it has applied for and is quoted at London's GXG Markets Exchange. Astra will start trading at the OTC level of this innovative and technically advanced exchange, and will apply for an upgrade to the GXG EU-Regulated level with a securities prospectus in early 2013. The securities prospectus is currently in the process of being finalized.  

The issuing of the prospectus will also enable Astra to proceed with listings in both the United Kingdom and Germany (already disclosed) guaranteeing a stable foundation for the future growth of the Company.  Being listed on GXG is also expected to open avenues to list in North America.

GXG Markets (www.gxgmarkets.co.uk) is a Danish legal entity duly authorized by Finanstilsynet, the Danish Financial Supervisory Authority.


Astra make second last payment for Ratanikiri gold mine in Cambodia


Adelaide, Australia – 26 November 2012:
Astra Ratana confirms it has made the penultimate payment for the acquisition by Astra Ratana of the Cambodian Gold Exploration License 836 (220 square kilometres in Ouyadav District, Ratanikiri) presently owned by Nam Hai.

The acquisition by Astra Ratana (a subsidiary of Astra Resources Plc) of 100 per cent of the issued capital in Nam Hai will be on the basis of cash and shares in Astra Resources Plc.

The final closing is expected in the first half of 2013.


Delivery of Astra’s Green Gum technology to begin late November or December


Adelaide, Australia – 23 November 2012:
International diversified resource company Astra Resources Plc (FWB Code: 9AR) will begin delivery from the Green Gum plant in late November or December.

Astra have been conducting quality control tests at the Green Gum plant in Western Hungary since mid-year to ensure the final product meets the qualities and specifications requested by prospective purchasers.

Various grades of rubber granules have been produced, ranging in size from 600 microns to 150 microns, with the latter being superfine granules which are similar to talcum powder in quality.

Astra CEO Dr Jaydeep Biswas says the overwhelmingly positive customer response to a higher grade product has resulted in a change in Green Gum’s technical direction, with focus now falling predominantly on the production of fine (200-300 microns) and superfine (150 microns) granules.

“The changes in product composition resulted in the use of a mixture of Ethylene Propylene Diene Rubber (EPDM) and other recycled rubber, with deliveries of this product to begin in late November or December,” Dr Biswas says.

“In terms of profitability, this product currently fits into a medium to high category and Green Gum is in the process of addressing the quick introduction of the higher grade granules into the market.”

The technology behind Green Gum is new and considerably less energy intensive than other existing methods for producing quality rubber granules, with the premium superfine granule products used in a range of industrial processes.

Manufacturing the 250 to 150 micron grade granules is regarded as very difficult, with manufacturers generally unable to produce anything smaller than 500 microns, and Green Gum stands to assume a commanding position in the market.

Astra Managing Director Silvana De Cianni says initial market analysis shows that the EPDM based granules that are currently available on the market are only available in large sizes, around 600 to 800 microns, and the total available market in Europe is less than 10,000 tonnes.

“The smaller sizes which are currently available to buyers are a by-product of the manufacturing process of the larger sized granules, and as such are only available in small amounts,” Ms De Cianni says.

“Astra’s Green Gum plant will be able to produce over 15,000 tonnes per year, once full scale production commences, with the superfine granules able to be sold at a premium price due to their scarcity.”

The sale price for general applications directly relates to the bitumen market, which at the moment is approximately 360 Euros (AUD$440) per tonne and the initial sale price of the rubber granules for premium applications is expected to be around 500 Euros (AUD$610) per tonne.

Green Gum signed its first contract with a major distributor in October, and a potential user in Austria has also expressed interest in a strategic marketing structure and negotiations have commenced with other potential users of the Green Gum products.

The granule products may also be a substitute in the rubber industry, as one of the base components in the paint and plastics industry, and it is also expected that the premium grade products will eventually be used in the automotive industries.

Astra corporate management is currently evaluating long term marketing plans and potential strategic partnerships for the Green Gum products.
Astra Resources own a 76 per cent stake in Green Gum Technologies through its subsidiary Astra Innovations Pty Ltd.

Astra Resources’ global portfolio includes gold interests in Southeast Asia, coal mine in Africa, iron ore in India and the Philippines, carbon efficient and commodity businesses, the production of the high-strength T-Steel technology in Hungary, clean coal technology, and a large Agricultural focus on creating Australia as the food bowl for the Asian Region.

Accounting firm finalises first round of draft project evaluations


Adelaide, Australia – 7 November 2012:
On October 3 2012 international diversified resource company Astra Resources (FWB Code: 9AR) advised the market that it had engaged, through its business advisors, the services of the accounting firm Punongbayan & Araullo (a member firm of Grant Thornton International) to undertake an independent professional review and inspection of the financial data provided by companies and businesses that Astra proposes to acquire or has acquired.

The choice of the provider as a member firm of an international professional services organisation is in line with the requirements of the proposed international underwriters that will be involved in the planned IPO of Astra Resources Plc.

The review of the businesses, including their business plans and financial projections for the next 25 years, were necessary to finalise the issue of a prospectus and its pricing.

The first round of financial projections and the implied project valuations for the purposes of the equities market have been completed and are available in draft form and can be sighted by shareholders at the offices of Michael Sing Lawyers in Australia.

Shareholders will be required to sign a confidentiality agreement and provide identification and share ownership details. The draft documents will not be available in electronic or paper form.

Astra Resources’ global portfolio includes gold interests in Southeast Asia, coal mine in Africa, iron ore in India and the Philippines, carbon efficient and commodity businesses, the production of the high-strength T-Steel technology in Hungary, clean coal technology, and a large Agricultural focus on creating Australia as the food bowl for the Asian Region.

Astra acquire notice of commencements for five thermal coal properties


Adelaide, Australia – 6 November 2012:
Astra Coal Nigeria Ltd, a subsidiary of international diversified resource company Astra Resources (FWB Code: 9AR), has acquired notice of commencements (NOC) for five thermal coal properties, with a preliminary reserve estimate of 290 million tonnes.


These acquisitions will be added to Astra’s current coal concessions, which cover the Manejo and Odelle communities in Ankpa Local Government Area of Kogi State, bringing the company’s total preliminary reserve estimate to 325 million tonnes.

Astra CEO Dr Jaydeep Biswas says two spot JORC sampling reports have been acquired and reviewed in reference to the commercial viability of coal mining in Kogi state, with promising results.

“Both reports, which were based on the results of spot test samples taken over the whole of Kogi State, indicate the possibility of high prospects in the region,” Dr Biswas says.

“These results are encouraging for Astra and our plans to acquire additional thermal coal properties within Kogi State, including those identified within the Ugbabo, Ajiolo and Ibada Apasha communities of the Omala Local Government Area.

“Astra’s long-term plan is to invest in the emerging Nigerian Coal Power Plant Business, and these acquisitions, along with an additional four sites to be acquired, play a substantial role in actualising the requisite 500 million tonnes the Company has outlined as a minimum requirement for this investment.”

Astra is currently in negotiations for a Joint Venture and acquisition agreement with Shebuel International Ltd, which holds the following licenses and permits:

nigeria table


All the exploration licenses fall within the Mamu formation of the defined Nigeria Coal Resource, and are outlined on the below map:

nigeria coalBasin


Astra Managing Director Silvana De Cianni says Exploration Licence Certificates have already been secured for two of the grants (14144EL and 14143EL), and Astra has begun the process to obtain the certificates for the remaining sites.

“Astra will conclude the Joint Venture and acquisition agreement with Shebuel International Ltd on or before December 2012,” Ms De Cianni says.

Preliminary geological investigation has commenced on the sites and Astra will complete this pre-drilling exploration work by the second quarter of 2013. These studies precede the core drilling and JORC reserve calculation exercises, and the subsequent report will form part of the documents required for the Mining Leases application that will be executed from the second quarter of 2013. Upon acquisition of the Mining Leases Astra will secure the development funding for coal production directed towards the local market.

The first phase of the core drilling programme for the coal sites in Manejo and Odelle has been scheduled to commence in January 2013, and the core drilling exercise is expected to have been completed by the first quarter of the year. The drilling is targeted towards increasing the level of confidence to indicate resources according to JORC standards. The pre drilling campaign team have been mobilised to create awareness to the host communities about this upcoming coal core drilling exercise.

Nigeria has inadequate electrical power generation capacity to supply the electrical requirements of the nation. In order to provide the electrical demand, the Government of Nigeria has recognized the need to develop coal-fired power plants and revitalize Nigeria’s coal mining industry to provide fuel for power generation.

Astra Coal Nigeria Ltd’s interest in developing a Coal Power Plant to help the nation meet these requirements has already been submitted to the state Ministry of Commerce and Industries and was re-emphasized to the new State Governor, Idris Ichalla Wada, during the just concluded courtesy visit of Astra representatives to State Government house. Astra has obtained the requisite application forms from the Nigeria Electricity Regulatory Commission (NERC) as it prepares for a tripartite relationship with Kogi State Government and the Federal Government of Nigeria represented by NERC on the proposed electric power plant.

The below images depict His Excellency the Governor and Astra representatives, taken during the recent courtesy visit to Nigeria:

nigeria photo2



Astra Resources’ global portfolio includes gold interests in Southeast Asia, coal mine in Africa, iron ore in India and the Philippines, carbon efficient and commodity businesses, the production of the high-strength T-Steel technology in Hungary, clean coal technology, and a large Agricultural focus on creating Australia as the food bowl for the Asian Region.



Green Diesel Ltd holds Annual General Meeting


Adelaide, Australia – 2 November 2012:

Green Diesel Ltd (Green Diesel), a Geelong based company of which international diversified resource company Astra Resources PLC (FWB Code: 9AR) has acquired a majority share, held its annual general meeting (AGM) on 25 October 2012.

Green Diesel used the AGM as an opportunity to release the details of the majority acquisition by Astra to its minority shareholders, and the private treaty offer by Astra to acquire the remaining minority shareholders’ interests. The Green Diesel Board had recommended to its shareholders that they accept the private treaty offer from Astra.

Winner of the Salon International des Inventions Geneva Gold Medal Class One in April 2005, Green Diesel CEO and Chairman Ron Kukler says Green Diesel was formed to supply the global requirement of a clean-burn, cost-effective Diesel Injector System that satisfies the current and planned International Government legislation on diesel engine emissions using the Kukler Fuel Injector System.

“Green Diesel’s Diesel Fuel Injection System (GDI) is unique as it is the first diesel technology to use ultra-high pressure fuel injection, sitting at 160,000 psi compared to the 28,000 psi found in the best of the current diesel products,” Mr Kukler says.

“Focus is increasing on ways to reduce particulate emissions for diesel engines, with United States and European governments both setting mandatory targets of a reduction of 92.5 per cent, and other governments are expected to adopt these new mandates in the coming years.

“Green Diesel’s GDI technology is being developed to produce diesel emissions which significantly better these mandatory targets in a way that is low maintenance, cost effective and easy to fit.

“To date, GDI has provided 30 per cent more power, increased engine torque by 30 per cent, improved fuel economy by 30 per cent and reduced engine structural stresses by 60 per cent, when compared to earlier systems.”

While the GDI technology has partial high cost competition, it is unique by way of its multi-stage combustion process, ultra-high fuel atomization and multi-stage fuel mass control.

Alternative technology is costly and cumbersome, often requiring improvements and modifications to the engine, and these technologies require particulate traps to clean-up particulate matter.

Mr Kukler says potential markets for Green Diesel’s GDI technology are expansive and include OEM distribution, retrofit diesel, petrol engine, retrofit petrol, OEM and stationary motors.

“These sub market segments comprise the 800 million plus on-road global vehicle market and the estimated 500 million plus new vehicles per year.

“As a result of many years of market development both in Australia and overseas, Green Diesel’s initial goal is to sell to truck engine manufacturers in the United States.

“This is where we expect the most sales revenue to be generated initially, particularly as we have already received in excess of 200 serious expressions of interest from United States trucking fleet operators.

“Also we expect immediate sales from engine manufacturers based in the United States, and it is our plan to focus on this market segment first and generate early sales and cash flow as the engine remanufacturing market has lower barriers to entry in terms of internal evaluation programs.

Markets outside the United States have also expressed interest in the technology, in particular, Italy, India and China, and Bahrain has expressed interest in an order of 85,000 units per annum. Margins in supplying these injectors could be as high as $20,000 per unit.

A Pilot Plant is expected to be set up in Geelong for additional R&D and manufacturing for the global market, and it is anticipated that the development phase of the GDI technology will be completed in late 2013, with sales commencing in 2014.

As a show of appreciation for his ingenuity and persistence, Green Diesel shareholders presented Mr Kukler with a plaque at the October 25 AGM. To view an image of the plaque, please click here.

Green Diesel management consists of CEO and Chairman Ronald Kukler, Marketing Director John Smit, and Non-Executive Director Nicholas Kukler. The management team has substantial experience in engineering operations, manufacturing, information technology and financial planning, and the Company is continuously adding the expertise of additional specialists, as required.

Astra Resources’ global portfolio includes gold interest in Southeast Asia, coal mine in Africa, iron ore in India, Norway and the Philippines, the production of the high-strength T-Steel technology in Hungary, carbon-efficient businesses and the provision of mining services housing in Rockhampton, Queensland.

 

Astra’s Green Gum technology commences product marketing


Adelaide, Australia – 30 October 2012:

International diversified resource company Astra Resources (FWB Code: 9AR) has finalised its product marketing strategy and completed the Quality Control testing of its Green Gum products which have been manufactured on a trial basis over the past two months.

The Green Gum technology is new and considerably less energy intensive than other existing methods for producing quality rubber granules, with the premium superfine granules used in a range of industrial processes.

These granules will be available in various grades and qualities and have numerous uses, including road construction and as one of the base components in the paint and plastics industry. It is also expected that the premium grade products will eventually be used in the automotive industries.

The plant is currently operating in test production mode in order to finalise the production and manufacturing process. During this time a very strong emphasis is being placed on the technical aspects of the operation and the subsequent feedback received from potential customers in Europe is helping to determine Astra’s marketing strategy.

Astra CEO Dr Jaydeep Biswas says that the marketing will be based on the standard clean rubber granules that will be available in various sizes ranging from 500 microns to 150 microns.

“Premium grade products will be based on Ethylene Propylene Rubber (EPDM) Granules that are free of all foreign material and range from 500 microns to 150 microns,” Dr Biswas says.

“EPDM is a pure synthetic rubber used in a wide range of applications, with the rubbers excellent heat, ozone, weather and electrical insulation resistance, as well as its superior ability to resist degradation due to UV radiation, presenting a wide number of opportunities.

“It is frequently used for belts, solar panels, electrical insulation, weather sealing applications on all vehicles including door, window, trunk and hood seals, as well as for a range of other automotive and industrial applications.

“EPDM granules will be a high priced, high margin premium product and may be introduced into the market much earlier than anticipated.

“Marketing of the product will respond directly to market needs including the qualities and specifications requested by prospective purchasers.

“Astra has identified the road base market in Europe as just one immediate market for the product.

“Road building companies in Sweden and Austria have already expressed interest in using large amounts of the Green Gum product, while a German company that manufactures automotive cabin components is also considering the technology.

“The need for rubber granules in road building and road maintenance alone is expected to be in excess of 35,000 tonnes per year over the next five years with considerable use of the product throughout Europe.”

Electron Microscope and other high level quality assurance testing conducted as recently as last week confirmed that the granules produced in the Green Gum factory will be able to be used in road construction or in plastics manufacturing processes, which is only possible with very high quality granules which are extremely fine and have special bonding properties due to their shape.

This includes specific granule sizes as fine as 150 microns, but also a range of sizes between 400, 300 and 200 microns manufactured with the patented process.

Astra Managing Director Silvana De Cianni says Astra’s motivation in acquiring the technology was to be able to contribute to the clean and environmentally friendly recycling of used and discarded rubber products, including tyres.

“The recycling of rubber tyres is currently limited by the utilisation alternatives and the useability of the recycled end product,” Ms De Cianni says.

“The Green Gum production process produces granules with high usability and has a small carbon footprint because no freezing, high pressure water cutting or other energy intensive processes are used.

“More intensive energy consuming processes are currently used for the production of rubber granules in Europe and Australia, and the resulting product is not the same grade and quality as the granules produced using the Green Gum process.”

The Green Gum plant, located in Western Hungary approximately 140 Km from Vienna, has easy access to the Hungary-Austria-Germany motorway and is about 100 meters from the regional railway loading infrastructure, giving the plant excellent logistical access.

Special customer requirements will also be able to be accommodated in terms of product packaging and all incoming raw material and outgoing products will be subject to the recently established quality control laboratory testing process.


Further developments in infrastructure, technology and process automation are planned for 2013 to meet future market demands.

Astra Resources owns a 76 per cent stake in Green Gum Technologies through its subsidiary Astra Innovations Pty Ltd.


To read more about the Green Gum technology, please click here.


Astra Resources’ global portfolio includes gold interest in Southeast Asia, coal mine in Africa, iron ore in India, Norway and the Philippines, the production of the high-strength T-Steel technology in Hungary, carbon-efficient businesses and the provision of mining services housing in Rockhampton, Queensland.



The following announcement has been released by Renell Wertpapierhandelsbank AG.

Astra Resources PLC engage Renellbank to issue independent equity research report


Adelaide, Australia – 26 October 2012:

We are pleased to announce that the management of Astra Resources PLC has engaged his applicant and lead broker at the Frankfurt Stock Exchange, Renell Wertpapierhandelsbank AG, to issue an independent equity research report of Astra Resources PLC.

The research report will be drafted jointly by Renell Wertpapierhandelsbank AG and First Berlin Equity Research and will provide an independent investment view on Astra’s business.

Benjamin Schlote
Head of Capital Markets
Renell Wertpapierhandelsbank AG



Astra executive oversees progress of Philippines iron sands project


Adelaide, Australia – 25 October 2012:
International diversified resource company Astra Resources (FWB Code: 9AR) recently sent the company’s newly appointed Chief Operations Officer (COO), Breff Gorman, to perform a review of its iron sands project in Cagayan, Philippines, following progress that has been made with the lodgement of permits and licences.

Over the past few months Astra’s Joint Venture entity, Cagayan River Astra Philippines Inc., has lodged all the required paperwork to establish Phase 1 of its dredging operations, which covers 12 kilometres of river and ocean mining, an operation that is expected to return 135 million tonnes of iron sands (see newsletter dated 16th July 2012).

Astra COO Breff Gorman says all the required documentation has now been lodged with the authorities and Astra is waiting to receive their final notice to proceed from the Governor.

“This is the final permit required to start on site operations for the Cagayan river project,” Mr Gorman says.

“One must remember that this project is not only going to be a profitable venture for Astra and its shareholders but it is also providing a community service by clearing the mouth of the Cagayan river which has yearly flooding due to the shallow waters leading out to the ocean.

“These yearly floods cause massive property damage and loss of life.”

Astra will begin the process of securing additional mining areas to add to the project, with the Company exploring suitable MPSA sites located off the coast.

In a report on the mining prospects of the Cagayan River and surrounding area, compiled by R.C. OBIAL & Associates (January 2012), it was noted that the two main datasets of two major offshore exploration programs were intrinsically assessed for magnetite grades and resource tonnages applicable for off-shore mining.

The subsequent “Peniel Exploration Program” covered, in large part, the area east of the Cagayan River. The western boundary of the exploration area is approximately 2.3 kilometres from the Cagayan River dredging area secured by Astra.

The exploration was undertaken as a probing expedition and widely spaced marine samples were collected. From the sample holes collected at 1 metre depth of seabed sediments, the average content of the percentage wt magnetic fraction averaged 46.2 per cent. For deeper samples, 3 and 5.5 metre depth of seabed sediments, an average of 49 per cent magnetic fraction was reported.

The deeper samples (3 and 5.5 metres) were slightly higher, by about 3 to 4 per cent. From select samples of magnetite concentrates undertaken by eight mineral laboratories, the iron (Fe) content of the magnetite ranged from 53.6 per cent to 67.45 per cent.

A total of 562 sites were drilled and sampled at regular close spacing intended to outline magnetite resources in the four areas, with the results outlined below. This is after magnetic separation.

Resource Estimates of Magnetite Concentrates of the 4 MPSA Areas by MGB in million tons

iron sands resource estimates


Mr Gorman says the potential of this project is astounding, with the combination of high percentages of magnetite and a number of buyers such as Kunming Gongxin Trading Ltd lining up to purchase the iron sands from the site.

“This will be a high yield and high return venture for Astra. Not only is the natural resource in abundance but there are also ample export facilities in the form of Port Irene, which is currently shipping iron sands to Asia for existing mining companies, operating in the area.”

Once the Notice to proceed has been received Astra will be funding the establishment and operation of the Cagayan mining opportunity through a bond that is close at hand, and the Company expects to have the site ready for exporting iron sands in the first half of 2013.

Astra Resources’ global portfolio includes gold interests in Southeast Asia, coal mine in Africa, iron ore in India and the Philippines, carbon efficient and commodity businesses, the production of the high-strength T-Steel technology in Hungary, clean coal technology, and a large Agricultural focus on creating Australia as the food bowl for the Asian Region.



Astra appoints accounting firm to review subsidiary companies ahead of IPO


Adelaide, Australia – 3 October 2012:
International diversified resource company Astra Resources (FWB Code: 9AR) has engaged through its business advisors the services of the accounting firm Punongbayan & Araullo (a member firm of Grant Thornton International) to undertake an independent professional review and inspection of the financial data provided by companies and businesses that Astra proposes to acquire or has acquired.

The choice of the provider as a member firm of an international professional services organisation is in line with the requirements of the proposed international underwriters that will be involved in the planned IPO of Astra Resources Plc.

Astra CEO Dr Jaydeep Biswas says the review of the businesses, including their business plans and financial projections for the next 25 years, is necessary to finalise the issue of a prospectus and its pricing.

“We have previously announced our intention to list on the Prime Standard of Deutche Bourse in the near future as well as other international exchanges,” Dr Biswas says.

“The professional review of our subsidiary businesses is another step in completing the required due diligence in the listing process and brings us one step closer to achieving this goal.

“Once listed, we will have the capital to complete current acquisitions and continue to seek out others that fit within our disruptive technologies strategy.”

In line with Astra’s focus on a disruptive innovation strategy, the companies and businesses it proposes to or has already acquired are all inefficient industries with high cost structures and monopolists.

Astra plans to buy into or buy out entities that provide the ground-breaking technologies that will meet the demands of end-users, including among others those related to the production of steel, alternative sources of energy, and reuse of recyclable materials.

This strategy also actively seeks viable coal, iron ore, gold and copper mining assets for acquisition that will provide the raw materials required by the former. Through its mining operations, Astra is able to create its own internal market, thereby insulating the company against fluctuating commodity prices, and reducing its business risk by hedging its operations.

As a final component of its strategy, and to complement its technology and mining activities, Astra has also delved into property development, commodities trading and agriculture businesses.

Astra Managing Director Silvana De Cianni says that Punongbayan & Araullo, as commissioned, is expected perform a review and inspection of the financial data provided by companies and businesses that Astra proposes to acquire or has acquired.



Astra terminates Joma Ore Tailings Project acquisition


Adelaide, Australia – 1 October 2012:

International diversified resource company Astra Resources (FWB Code: 9AR), has terminated its discussions relating to the possible acquisition of the Joma Ore Tailings project in Norway.

Astra CEO Dr Jaydeep Biswas says an agreement was entered into on 15 February 2012 that was specifically subject to a number if conditions that have not been satisfied.
“The board carefully considered the project and commissioned a technical and scientific report,” Dr Biswas says.

“Further discussions took place with a view to a possible modification of the terms but based upon the results of the study the Board has determined that it would not be in the interest of the company of its shareholders to proceed with this project.

“The agreement has therefore been terminated and the company has been advised that there is no legal exposure of any kind as a result of this termination.

Astra Resources’ global portfolio includes gold interests in Southeast Asia, coal mine in Africa, iron ore in India and the Philippines, carbon efficient and commodity businesses, the production of the high-strength T-Steel technology in Hungary, clean coal technology, and a large Agricultural focus on creating Australia as the food bowl for the Asian Region.



Astra Resources EGM passes all 17 resolutions


Adelaide, Australia – 28 September 2012:

International diversified resource company Astra Resources (FWB Code: 9AR) has had all 17 proposed resolutions overwhelmingly passed by shareholders at its extraordinary general meeting held on 26th Septemer 2012.

The key resolutions passed allow Astra to continue with its plans to apply for and/or maintain a listing on up to three major global stock exchanges, including an upgrade to the Prime Standard of the Frankfurt Stock Exchange (Deutsche Boerse) via issue of a prospectus.

Nearly 200 shareholders attended the EGM from Australia, Asia and the Middle East.

Astra CEO Dr Jaydeep Biswas says the results of the EGM were evidence of the confidence and trust shareholders had in the directors and their plans to create a world leading technology-led resources company.

“The EGM validated once again the strategy we have created that focuses on disruptive innovation, a first for the industry, and which could pave the way for how similar companies operate in the future,” Dr Biswas says.

“Since its formation Astra has focused its attention on building Intellectual Property and technology assets rather than concentrating on a single mining project that could see us end up as a microcap.

“While there has been some disquiet to this approach from some observers, the consensus is we are heading in the right direction and now have a mandate from the shareholders to continue down this path.”

Other resolutions passed included the issue of a prospectus by the company, the reappointment of all directors and the re-confirmation of KMPG as auditors.

A number of resolutions relating to the sale of Astra shares by existing shareholders were also approved.

These included the removal of escrow on all shares for off-market sales on a private treaty basis at the full discretion of the Board and advice from its legal advisors, and the extension of the escrow period for all on-market sales/transfers until the release of the prospectus, in concert with a minority shareholder/advisor led committee focusing on protecting and maintaining shareholder value.

Astra Managing Director Silvana De Cianni says the resolutions relating to the sale of shares were proposed to protect existing shareholder value.
“We are very proud of what we have achieved for shareholders to date and want to ensure the company’s value continues to grow for them well into the future,” Ms De Cianni says.

Astra Resources’ global portfolio includes gold interests in Southeast Asia, coal mine in Africa, iron ore in India and the Philippines, carbon efficient and commodity businesses, the production of the high-strength T-Steel technology in Hungary, clean coal technology, and a large Agricultural focus on creating Australia as the food bowl for the Asian Region.



The following announcement has been released by Renell Wertpapierhandelsbank AG

Temporary suspension of Astra Resources Plc.


Adelaide, Australia – 6 September 2012:

Renellbank and its advisors are pulling all the stops to lift the suspension of Astra Resources Plc (9AR) and expect the suspension to be lifted at short notice. In conjunction with the suspension, Renellbank is liaising closely with the Exchange to solve the issue.

Please be advised that the suspension is not a matter to do with Astra or its directors.

In the meantime all parties are working closely together to achieve the upgrade to the Prime Standard of the Frankfurt Stock Exchange (Deutsche Boerse) and the emission of a securities prospectus.

Marc Renell
Director
Renell Wertpapierhandelsbank AG



Astra signs final acquisition agreement for Ratanakiri gold mine in Cambodia


Adelaide, Australia – 6 September 2012:

Nam Hai Mineral Joint Stock Company confirm that Astra Ratana have signed the final agreements for the acquisition of the Nam Hai Mineral Joint Stock Company, which presently owns a Gold mine in the Ouyadav District, Ratanakiri, Cambodia.

The acquisition of 100 per cent of the issued capital in Nam Hai will be on the basis of cash and shares in Astra Resources Plc.


The settlement process with staged payments (which has already started) will take approximately 120 days given regulatory consents which need to be completed.



Astra receive independent technical assessment of Green Diesel’s Fuel Injection System


Adelaide, Australia – 5 September 2012:

International diversified resource company Astra Resources Plc (FWB Code: 9AR) has received an independent technical assessment of Green Diesel’s Fuel Injection System.

The assessment, written by Dr Craig Tischler, reviews the behaviour of the clean-burn, cost effective injector system owned by Green Diesel Corp Ltd, a company Astra has acquired a majority share in.

Dr Tischler has 15 years of experience in project scoping, research, development and technology commercialisation. His specific experience includes problem identification, strategy development, feasibility studies and front-end engineering.

Dr Tischler gained his experience of developing and implementing technologies in businesses through his work in both the public research sector, and through running his own business. His strengths include, but are not limited to, system analysis and design, process design and optimisation, technology commercialisation, project planning and management and innovation strategy.

Dr Tischler has completed roles at the University of Melbourne, Cusp Pty Ltd, Jones & Jones Engineering Design and CSIRO, and is presently working with Worley Parsons.

To read the independent technical assessment of Green Diesel’s Fuel Injection System in full, please click here.

Astra Resources’ global portfolio includes gold interests in Southeast Asia, coal mine in Africa, iron ore in India, Norway and the Philippines, carbon efficient and commodity businesses, the production of the high-strength T-Steel technology in Hungary, clean coal technology and the provision of mining services housing in Rockhampton, Queensland and a large Agricultural focus on creating Australia as the food bowl for the Asian Region through Astra Agricultural Resources.




The following is a joint announcement released by Nam Hai Mineral Joint Stock Company Ltd (Nam Hai) and ASTRA RATANA (CAMBODIA) CO. LTD (Astra Ratana)

Astra in final negotiations for gold mine acquisition in Cambodia


Adelaide, Australia – 29 August 2012:

Nam Hai and Astra Ratana confirm that they are in the final stages of negotiations for the acquisition by Astra Ratana of the Cambodian gold Exploration License 836 (220 square kilometres in Ouyadav District, Ratanakiri) presently owned by Nam Hai.

The acquisition by Astra Ratana (a subsidiary of Astra Resources Plc) of 100 per cent of the issued capital in Nam Hai will be on the basis of cash and shares in Astra Resources Plc.

Nam Hai confirm that the exploration license has been extended beyond 5 October 2012, which was a condition of the share sale agreement.

Nam Hai wish to confirm that the previous agreement in 2011 between Nam Hai via a third party intermediary was terminated by Nam Hai in November 2011 due to the corporate structure of the intermediary. In the previous terminated agreement, where the license had to be novated or transferred, such was deemed to be unacceptable for regulatory approval by independent legal advice. Nam Hai had chosen at that time to find an alternative structure with Astra Ratana to complete the transaction. Astra Ratana and its affiliates cancelled any ongoing relationship with the third party intermediary at that time for this and other reasons based on its legal advice.

Nam Hai Mineral Joint Stock Company Ltd
Astra Ratana (Cambodia) Co. Ltd



Astra finalise acquisition of clean coal conversion technology


Adelaide, Australia – 23 August 2012:

Astra Energy Technologies Pty Ltd (AET), a subsidiary of international diversified resource company Astra Resources Plc (FWB Code: 9AR), has completed the acquisition of Interecotech’s innovative clean coal conversion technology in June 2012.

The acquisition, which resulted in the formation of Astra Interecotech Pty Ltd (AI) to oversee the commercialisation of the technology, follows the successful completion of due diligence into the project.


Included in the acquisition is the scientific process required for the manufacture of Activated Coal Water Fuel (ACWF), and Integrated Coal Slurry Gasification Combined Cycle (ICSGCC) technology, with the latter expected to revolutionize the production of synthetic gas and electricity.

Astra’s Chief Executive Officer Dr Jaydeep Biswas says that the technology is based on ultrasonic chemistry activating the coal water mixtures so brown coal behaves as a liquid, which provides cleaner and higher efficiency combustion in existing coal-fired power stations.

“AI’s ACWF technology has been subject to significant scientific and technical improvements from the current thermal dynamic activation (TDA) technology, a process which has taken approximately 23 years,” Dr Biswas says.


“The technology is a bolt-on device for existing power stations to process low quality coal as an alternative to diesel, fuel oil and black coal, meaning expensive upgrades are not required. This means pulverised coal combustion plants can be converted to ACWF plants, utilising AI’s coal preparation and combustion technology with very low capital costs.

“Low ranking brown coal is the ideal feedstock for the preparation of ACWF, which is then fed into a specially designed and manufactured combustion unit. Using the milling and homogenisation technologies, ACWF is produced by causing high energy and high pressure cavitation in the coal-water mixture.

“The thermal and chemical properties of the ACWF means higher rates of reactivity when fed into combustion reactors. As the input energy required to produce ACWF as a feedstock to other processes is much lower, a reduction in CO2 emissions can be achieved over the processes lifecycle.


“Additional environmental benefits are gained by the presence of water in ACWF which works to reduce harmful emissions into the atmosphere and makes the product explosion-proof.

“AI’s ACWF technology also provides users with significant cost savings, requiring 10 to 15 per cent less coal as feedstock for the same MW output in comparison to a power plant that does not utilise the technology.


“As any type of coal can be used as feedstock, developing countries with low quality thermal coal reserves will be able to gain greater energy independence by utilising locally mined reserves rather than importing black coal or diesel for their power generation requirements, which is unsustainable in the long term.


“By replacing oil or gas with ACWF, and dependent on the geographical area, AI can achieve a 30 to 70 per cent lower price per unit of energy.”

While the production of ACWF is a relatively simplistic process, AI’s ICSGCC technology is a more complex process, converting coal into electricity in up to three cycles.


Including the preparation of Uniform Activated Coal Water Fuel (UACWF) as a feedstock for the gasifier, gasification of UACWF and combined cycle (gas, steam and organic turbines) to generate electricity this process can successfully produce low cost hydrogen enriched Syngas by implementing either a two or three cycle process.


Astra Managing Director Silvana De Cianni says the patented and environmentally friendly technology outlines the scientific process required for utilising all types of coal for the production of low cost hydrogen enriched Syngas, however lignite and brown coal is most suited.

“The technology produces high yielding, low emission Syngas, the basis of a revolutionary new type of Integrated Gasification Combined Cycle (IGCC) process.


“The resulting product is a long-term, and cheaper, alternative to oil, gas, pulverized coal and coal water slurry, and can be used for direct combustion in converted coal or oil-fired boilers, coal-to-liquid fuel production, electricity generation and can replace natural gas to produce heat.”

AI’s method of ICSGCC technology is unique in part due to the new type of feedstock (UACWF) that has been developed, which is prepared by special milling and hydro-shock disintegration methods and equipment.

The technology for the preparation of UACWF focuses on the use of any type and grade of coal, including low-grade coal, waste of coal processing plants, slag containing unburned carbon and coal fines.

Dr Biswas says, as with ACWF technology, ICSGCC technology offers significant end-user benefits with the efficiency of the technology varying slightly depending on how many cycles are implemented.

“The efficiency of the two Cycles technology, when utilising brown and/or black coal, is estimated to be in the range of 64 to 70 per cent, with CO2 emissions sitting at 0.48 to 0.44t/MWh.

“Slight improvements can be gained when utilising the three Cycles technology, with efficiency estimated to be in the range of 80 to 85 per cent, with CO2 emissions of 0.40 to 0.38t/MWh, if brown and/or black coal is used.

“In addition to the environmental benefits the estimated production cost, if utilising Latrobe Valley brown coal, is in the range of AUD 15 to 20/MWh (net), depending on the size of the power plant and price of coal.

“Utilising local brown coal and AI gasification technology, the estimated cost of Syngas production will sit at around AUD 1.00 to 2.00/GJ, depending on the size of the gasification plant.”

The price of an IGCC plant typically falls within the range of AUD 3,000 to 3,400/kW. With a degree of reuse of existing site infrastructure AI’s ICSGCC plants are targeted to enter the marketplace with a price that will reduce that capital cost by 30 to 50 per cent.

The initial focus for AI’s ACWF technology will be South East Asia, followed by Latin America, with prospective growth markets identified in the Central European region due to the regions vast resources brown coal and a high demand for low emission production of electricity.

AI is currently in the process of manufacturing an ACWF and combustion demonstration unit in Russia for the purpose of demonstrating its efficiency and integrity for prospective clients.

The Company plans to construct a commercial ACWF and combustion plant within the next 12 months and an ICSGCC demonstration module within the next 36 months. AI has also entered into discussion with interested parties that span the globe concerning prospective commercial arrangements.

Astra Resources’ global portfolio includes gold interests in Southeast Asia, coal mine in Africa, iron ore in India, Norway and the Philippines, carbon efficient and commodity businesses, the production of the high-strength T-Steel technology in Hungary, clean coal technology and the provision of mining services housing in Rockhampton, Queensland and a large Agricultural focus on creating Australia as the food bowl for the Asian Region through Astra Agricultural Resources.



Astra acquires majority shareholding of Green Diesel Corp


Adelaide, Australia – 21 August 2012:

International diversified resource company Astra Resources (FWB Code: 9AR) through its wholly owned subsidiary Astra Mining Pty Ltd has acquired a majority share of a company that supplies a clean-burn, cost-effective diesel injector system to complement its growing stable of carbon efficient businesses.


The acquisition, which was completed in late June 2012, provides Astra with a greater than 80 per cent position in Green Diesel Corp by scrip from its major shareholders.

The only matter requiring completion is the current offer to the balance of the minority shareholders of Green Diesel Corp to convert to Astra scrip on a private treaty basis.


Green Diesel Corp Ltd (Green Diesel) was formed to supply the global requirement of a clean-burn, cost-effective Diesel Injector System that satisfies the current and planned International Government legislation on Diesel engine emissions using the Kukler Fuel Injector System.


North America is considered to be an early adopting market of Green Diesel’s technology, as Green Diesel has developed its technology for engines specific to this region. Further development of Green Diesel technology for European engines will open-up the European, Asian and the Middle Eastern markets.

Astra CEO Dr Jaydeep Biswas says the acquisition is a strategic move designed to complement the company’s focus on carbon efficient businesses, aimed at offsetting its mining and steel making portfolio.


“Green Diesel is an Australian based environmentally conscious company committed to making a difference by providing cleaner air through its technology and to exceed the global EPA standards,” Dr Biswas says.


“Technically referred to as a High Pressure Diesel Injection System (GDI), the product is being developed for commercial sale to satisfy market demand for a clean-burn, cost-effective diesel injector system.

“Green Diesel is commercialising the GDI technology in the traditionally conservative global motor vehicle engine market to demonstrate its use across multiple engines and types, promote it to government authorities, and to build alliances with Tier 1 suppliers and after market suppliers.

“Astra will benefit twofold from this acquisition, firstly from the financial upside of the commercialisation process, and secondly from the carbon credits offset against the technologies outcome.”


Green Diesel was incorporated in 2002, with its formation made possible by many years of R&D valued at $8 million, resulting in demonstration engines using the GDI injector system.


In a diesel engine the piston initially only compresses air in the cylinder. The diesel fuel is added at the exact time of calculated peak compression. Diesel fuel is added directly into the cylinder, containing very compressed and hot air, resulting in spontaneous ignition.


Modern diesel engines inject the fuel into the cylinder by a common rail system (with pumps driven by the engine) at approximately 28,000 psi. Diesel engines, as a result, develop more torque than petrol engines, so they are generally used for haulage requirements.

For diesel engines both the timing of the injection of the fuel and the injection pressure significantly impact on the performance of the engine.

In GDI, far higher fuel injection pressures (160,000psi vs the 28,000 psi found in the best of the current diesel products) are developed utilising the initial cylinder compression to power the hydraulic-electronic injection of the fuel into the engine. GDI also injects fuel in multiple stages.


Stage one injects a small amount of fuel to the compressed air starting the combustion process. In this stage the fuel acts like a spark plug in a petrol engine, igniting the rest of the fuel rather than the fuel exploding on its own.


The remaining fuel is injected in a microscopic amount of time later. GDI eliminates much of the stress in the diesel engine, enabling existing petrol engines to be converted to diesel. This conversion from petrol to diesel fuel is simplified, as GDI uses no high-pressure pump. Maximum pressure is reached at the first revolution, even under cold start conditions.

Astra Managing Director Silvana De Cianni says GDI is the first diesel technology to use ultra high-pressure fuel and is approaching USA and European mandatory targets for reduction in particulate emissions of 92.5 per cent for Diesel Engines.


“Green Diesel’s GDI is nearing this objective with a system that is low maintenance, extremely cost effective, easy to handle and not cumbersome,” Ms De Cianni says.
“To date GDI has provided 30 per cent more power, increased engine torque by 30 per cent, and improved fuel economy by 30 per cent, when compared to existing fuel systems. It also reduces engine structural stresses by 60 per cent.


“GDI also enables the economic conversion of petrol engines to diesel power and has demonstrated high reliability with no fuel system wear observed on an engine running on a dynamometer for 1 million miles.”

Independent performance and emissions of GDI technology have been conducted at the University of Melbourne by Emeritus Academic E.E. Milkins. Green Diesel plans to partner with Ricardo’s Research Institute, UK, to conduct the final stage of research for GDI.


Green Diesel GDI technology has also been accepted into the Australian Technology Showcase (ATS) and was also in the ATS Commonwealth Games Exhibition Award. The Department of Industry and Innovation (VIC) has committed to promoting Green Diesel nationally and internationally.

The company is working to develop links with potential partners including two major motor manufacturers, both globally and in Australia. One manufacturer has loaned Green Diesel an engine and four cylinder heads, with the company offering to supply all pollution and power documentation to the manufacturer at the end of the research.
Dr Biswas says the conversion market in the US and Europe can be worth up to $1 billion each week, with Green Diesel’s conversion technology almost half the cost of what is currently being supplied, and therefore has enormous market potential.

“GDI has markets in both diesel and petrol engine, and is uniquely positioned to exploit sub-categories within each of these as the injection system is suitable for diesel, bio-diesel, petrol motor conversion and LPG, all of which are global markets,” Dr Biswas says.

“The global demand for diesel vehicles is expected to nearly double over the next 10 years to 26 million vehicles from 15 million sold worldwide in 2005.


“As a result of many years of market development both in Australia and Overseas, Green Diesel’s initial goal is to sell to truck engine manufacturers in the USA as this is where we expect the most sales revenue to be generated, particularly as the company has already received in excess of 200 serious EOIs from USA trucking fleet operators.


“The USA has the strictest and most advanced pollution control standards for the control of pollution from large trucks. The European Union has a similar set of standards due for implementation in the near future, however, the USA already has their standard in place.”

According to Green Diesel the European market is approaching saturation point, as 60 per cent of all vehicles sold are diesels. The market for diesel is however expected to grow in Eastern Europe.

In Asia the South Korean, Indian and Chinese markets are all predicted to experience growth in diesel engines sold.

To read more about Green Diesel, please click here.

Astra Resources’ global portfolio includes gold interests in Southeast Asia, coal mine in Africa, iron ore in India, Norway and the Philippines, carbon efficient and commodity businesses, the production of the high-strength T-Steel technology in Hungary, clean coal technology and the provision of mining services housing in Rockhampton, Queensland and a large Agricultural focus on creating Australia as the food bowl for the Asian Region through Astra Agricultural Resources.


Astra’s technology focus spearheaded by disruptive innovation strategy


Adelaide, Australia – 9 August 2012:

International diversified resource company Astra Resources (FWB Code: 9AR) has revealed it follows a disruptive innovation strategy to help identify game-changing technologies, industries to operate in, and the business model of the value chain.


Also known as a disruptive technology strategy, the term describes innovations that improve a product or service in ways that the market does not expect by displacing an earlier technology, a move that often leads to lowering prices in an existing market.


Astra CEO Dr Jaydeep Biswas says the theory behind this strategy was the basis for Astra’s corporate structure, which focuses on the key business units of technology, mining, and business diversification, all backed by a diversified project and geographic base.

“Astra identifies inefficient industries, or ones with high cost structures with dominant players or monopolists, where it can introduce its revolutionary technologies to disrupt the life cycle of the product,” Dr Biswas says.


“Astra’s revolutionary T-Steel and Clean Coal Conversion technologies are prime examples of these disruptive technologies.

“By focusing on both ends of the supply chain through supplying raw materials and utilising its ground-breaking technologies, Astra is able to meet the evolving demands of end-users, while avoiding costly investment in the manufacturing step of a process.

“Our structure will allow us to become, and remain, a global leader in game-changing technologies.”

The theory of disruptive technologies was first introduced by Clayton M Christensen in 1995 and is defined as a product or service that is designed for a new set of customers.

Disruptive technologies have the ability to render established technologies obsolete and, while these new products may initially have lower performance on dimensions relevant to the mainstream market segment, they eventually meet or exceed these levels over time.

Astra Managing Director Silvana De Cianni says Astra’s T-Steel and Clean Coal Conversion technologies are solid examples of new-market disruptions as they are ground-breaking innovations with little to no known competitors.

“For example, T-Steel aims to be the new type of steel which will revolutionise the steel industry, is stronger, and enables end-users to benefit from energy and cost savings as less raw materials are required to create the same amount of end-product,” Ms De Cianni says.

“As Astra continues to grow, it will continue to identify industries which are inefficient or have high cost structures and develop disruptive technologies to create new markets and gain market share from existing incumbents.

“Such opportunities typically arise in industries with products that are in the mature or declining stage of its life-cycle where the products have been established, manufacturers aim to maintain market share or markets are shrinking as the market becomes saturated.”

Some examples of disruptive innovation throughout history include train transport disrupting automobile transport, CDs and USB flash drives disrupting 3.5inch floppy discs, laptops disrupting PCs, internet disrupting faxes and digital photography disrupting chemical photography.

Astra will continue to focus on acquiring disruptive technologies to add to its diverse project base, particularly those which change the cost structure of value chains which have high costs and out-dated technologies.

To read the disruptive technology strategy in full, please click here.

Astra Resources’ global portfolio includes gold interests in Southeast Asia, coal mine in Africa, iron ore in India, Norway and the Philippines, carbon efficient and commodity businesses, the production of the high-strength T-Steel technology in Hungary, clean coal technology and the provision of mining services housing in Rockhampton, Queensland and a large Agricultural focus on creating Australia as the food bowl for the Asian Region through Astra Agricultural Resources.



Astra to expand Nigerian coal properties to a reserve of 500 million tonnes before the end of 2012


Adelaide, Australia – 24 July 2012:

International diversified resource company Astra Resources (FWB Code: 9AR), through its subsidiary Astra Coal Nigeria Ltd., has begun the acquisition process for additional thermal coal properties within the Anambra Coal Basin.


These acquisitions are in line with Astra’s mission to invest in the emerging Coal Power Plant Business in Nigeria.


Astra CEO Dr Jaydeep Biswas says Astra is out to actualise a reserve of 500 million tonnes to favour the Companies proposed investment into the Nigerian Coal Power Plant Business.

“Beyond the already acquired coal concessions with inferred coal resources of over 30 million tonnes covering the Manejo and Odelle communities in the Ankpa Local Government Area of Kogi State, an additional six sites have been identified as available for acquisition,” Dr Biswas says.

“These sites are located within the Ugbabo, Ajiolo and Ibado Apasha communities in the Omala Local Government Area of Kogi State and cover an area of over 110 square kilometres.

“There is another site at Alifiti village in the Apa Local Government Area of Benue State, situated to the East of Kogi, covering an area of about 3.2 square kilometres.”
To see detailed location maps of Astra’s coal properties in the Kogi State of Nigeria outlining applied and granted sites, applied and pending sites and areas available for acquisition please click here and here.

Past geological and technical work conducted by Nigeria Geological Survey and Behr Dolbear America within the Kogi Coalfield revealed coal deposits that are mineable at open cast method with coal thickness ranging from 2.5 to 3 metres.

During the reconnaissance exercise conducted on the sites identified coal outcrops, a coal thickness of up to 1.8 metres was revealed and there has been a hypothetical reserve estimate in excess of 500 million tonnes within the identified sites.


Astra Managing Director Silvana De Cianni says on four of the coal sites Exploration License applications have been completed and filed in the Nigeria Mining Cadastre office.

“This allows processes including the acquisition of community consent from the respective leaders of the communities hosting the coal sites to begin,” Ms De Cianni says.
“Astra has applied for Ministerial Grants for exploration for two of the sites (14144EL and 14143EL).

“These grants give the go ahead on exploration work on the sites and subsequent application for Mining Leases following successful exploration activities.
“The charges for the grant have already been paid, while those relating to the Exploration License Certificates are pending.”


Astra Coal Nigeria Ltd.’s interest in developing a Coal Power Plant, with an initial target of 300MW, has already been submitted to the Ministry of Commerce and Industries of the Kogi State Government, while the requisite Power Plant application form has been obtained from the Nigeria Electricity Regulatory Commission (NERC).


A committee from the Kogi State Ministry of Commerce and Industries has embarked on field exercises to verify the locations of Astra’s coal sites and put together a presentation outlining proposed locations for the development of the proposed Power Plant.


Astra will also conduct geological and topographical mapping exercises on the identified coal sites and the area proposed by the ministry for the Power Plant.


Astra Resources’ global portfolio includes gold interests in Southeast Asia, coal mine in Africa, iron ore in India, Norway and the Philippines, carbon efficient and commodity businesses, the production of the high-strength T-Steel technology in Hungary, clean coal technology and the provision of mining services housing in Rockhampton, Queensland and a large Agricultural focus on creating Australia as the food bowl for the Asian Region through Astra Agricultural Resources.



T-Steel: The science behind the technology


Adelaide, Australia – 18 July 2012:

International diversified resource company Astra Resources (FWB Code: 9AR) has revealed aspects of the scientific process behind its ground-breaking T-Steel technology.
The process, which was developed by highly experienced, internationally recognised, metallurgists and academics, involves a set of exactly defined parameters during the manufacturing process

The high quality steels, especially the ‘special’ products, were researched and manufactured under a ‘no expense’ spared continuous research and development process which were derived at as a result of over thirty years of testing during the actual manufacturing process.

Astra CEO Dr Jaydeep Biswas says the simple description of the technology for the production of the T-Type steels involves the introduction of various complex processes at certain predefined stages of the manufacturing cycle, for example at a liquid stage.


“These processes, which are carried out during the production cycle, are then able to modify the complex properties of the steel end product and vary depending on the given steel quality required,” Dr Biswas says.


“As there are a very large number of parameters and variables, the end result will only be satisfactory if the special T-Type process is used.

“While it may be possible to get similar results by chance or trial and error, this would prove to be almost financially impossible due to the excessive costs involved and the time required.”

The technology used in the production of T-Type steels retains, in part, conventional steel making methods so that it can be applied in existing standard manufacturing environments, with the fundamental and basic theory behind the technology being the control of various manufacturing parameters.


In scientific terms, steel is an alloy consisting mostly of iron, with a carbon content sitting between 0.2 per cent and 2.1 per cent by weight, depending on the grade.
Carbon and other elements such as manganese, chromium, vanadium and tungsten act as a hardening agent, preventing dislocations in the iron atom crystal lattice from sliding past one another.

The addition of various alloys and non-alloys during the manufacture change certain properties, including those which occur in the crystal structure.

Varying the amount of alloying elements controls qualities such as the hardness, ductility and tensile strength of the resulting steel.

Astra Managing Director Silvana De Canni says that simply adding different alloys to steel during the manufacturing phase in an attempt to replicate the T-Type steels is not a ‘short cut’ solution and will simply result in an unusable end product.


“The specific manufacturing processes, which involve combinations of different alloys and non-alloys in very precise amounts at very specific stages of manufacturing and temperatures, along with the involvement or absence of certain gases, are all held within the scope of the IP held by Astra,” Ms De Cianni says.


“Heat treatment is also used to alter the metallurgical properties of the steel, and involves the use of heating or cooling operations, normally to extreme temperatures, to achieve a desired result such as hardening or softening of the steel.

“The desired changes with certain steel types can be achieved on a metallurgical level when the T-Steel process is utilised, thus reducing the need for extended or multiple heat treatments such as the annealing, or tempering, process which occurs through three distinct physical phases, being recovery, recrystallization and grain growth.

“The temperature required to anneal steel depends upon the type of annealing and properties of the alloy. This step can be influenced and enhanced through the utilisation of Astra’s T-Steel technology, which results in significant energy savings in certain manufacturing processes.”

The metallurgical explanation is that the annealing process transforms some of the martensite into cementite or spheroidite to reduce internal stresses and defects, which ultimately results in a more ductile and fracture-resistant metal.

Dr Biswas says the homogeneity of the steel structure is preserved and enhanced by various ‘flushing’ or alloy ‘stirring’ procedures, with the development of the homogenous fine grained structure ensured by the consistent chemical composition.


“This results in substantially increased yield strength, tensile strength and impact work values.

“Steel manufacturing is normally a ‘trade off’ between the different key properties of the end product, for example steel has the ability to become harder and stronger through heat treatment, but this also makes it less ductile.

“Irrespective of the heat treatment, a higher carbon content reduces weldability, but in carbon steels the higher carbon content lowers the melting point.”

t-steel structure magnified

The above diagrams show the difference between the ‘dislocated’ crystal structure and the homogenious crystal structure.


T-Steels are subdivided into nine categories, with these categories encompassing a large family of steel types relevant for most standard and special applications.

These applications cover a broad spectrum, ranging from weldable reinforcement steels through to the technology required for ball bearing steels used in critical and high stress applications.

Ms De Cianni says the additional commercial advantage is that the T-Steel technology can provide a breakthrough to some struggling or poor performing steel manufacturers.

“The technology and the ‘know how’ are also applicable to steel manufacturing in general in order to assist in the expansion of product lines.”
To read the detailed overview of the T-Steel technology in full, please click here.

Astra Resources’ global portfolio includes gold interests in Southeast Asia, coal mine in Africa, iron ore in India, Norway and the Philippines, carbon efficient and commodity businesses, the production of the high-strength T-Steel technology in Hungary, clean coal technology and the provision of mining services housing in Rockhampton, Queensland and a large Agricultural focus on creating Australia as the food bowl for the Asian Region through Astra Agricultural Resources.



Astra signs Letter of Intent for purchase of iron ore


Adelaide, Australia – 16 July 2012:

International diversified resource company Astra Resources (FWB Code: 9AR) has signed a Letter of Intent (LOI) for the purchase of iron ore in respect of its Philippine iron sands project.

The agreement, signed between Kunming Gongxin Trading Ltd (“KGT”) and Astra Resources, outlines KGT’s intent to purchase 50,000 tonnes of iron ore a month, for a period of 12 months, upon receiving an SGS report confirming the grade of iron ore held within the project area.

Astra CEO DR Jaydeep Biswas says that once the SGS report has been received, a Memorandum of Understanding will be signed to confirm the off take agreement.

“As soon as full operation starts, which is slated for the end of 2012, an off take agreement will be prepared and signed between a special purpose vehicle owned by Astra and KGT,” Dr Biswas says.

The Babuyan Channel Iron Sand Lode in the province of Cagayan, in the north eastern part of Luzon in the Philippines, is estimated to contain more than 31.3 billion metric tonnes (BMT) in the Mineral Production Sharing Agreement Areas (MPSA) and Phase 1 of Astra’s mining tenement holds only a fraction of the Lode.


Commencement of the first phase of the project is pursuant to a Memorandum of Agreement (MOA) between Astra’s Joint Venture entity and the Provincial Government of Cagayan. The MOA was ratified by the Provincial Board on May 4, 2012. Astra maintains a supermajority interest in its Philippine Joint Venture entity, Cagayan River Astra Philippines, Inc. (“Cagayan”)


Astra Managing Director Silvana De Cianni says the MOA grants Cagayan River Astra Philippines Inc. the authority to dredge, mine, extract and utilise ‘quarry resources’, sand particles and other materials of commercial value, such as magnetite iron sands, from the Cagayan River Delta.


“The authority to dredge the assigned area, a 200 metre by 12 kilometre strip along the mouth of the Cagayan River, is stipulated to be for a period of 25 years, with production expected to reach gross sales of about 1 million tonnes per annum by 2014,” Ms De Cianni says.

“The initial estimated resource is 135 million tonnes.

“Astra is in the process of acquiring additional mining areas alongside MPSA 1, 2, 3 and 4 to add to the Joint Venture, with the site to be secured from the Department of Environment and Natural Resources having inferred resources of 13 BMT.

“It is expected that this business partnership will significantly enhance the Economic Development Program of the mining industry sector in the Philippines.”

Astra Resources’ global portfolio includes gold interests in Southeast Asia, coal mine in Africa, iron ore in India, Norway and the Philippines, carbon efficient and commodity businesses, the production of the high-strength T-Steel technology in Hungary, clean coal technology and the provision of mining services housing in Rockhampton, Queensland and a large Agricultural focus on creating Australia as the food bowl for the Asian Region through Astra Agricultural Resources.



The following announcement has been released by Renell Wertpapierhandelsbank AG

Astra Resources PLC entering investment banking agreement with Renellbank


Adelaide, Australia – 13 July 2012:

We are pleased to announce that Astra Resources PLC has today entered into an investment banking agreement with its applicant and lead broker at the Frankfurt Stock Exchange, Renell Wertpapierhandelsbank AG, to list Astra on the Prime Standard of the Frankfurt Stock Exchange under a prospectus.

Under this agreement, Renell will also represent and advise Astra on all aspects in connection with the Prime Standard Listing on the Frankfurt Stock Exchange (Deutsche Börse). Furthermore Renell will be acting as market maker for Astra to provide the shares with adequate liquidity and will also place the stock in the market to assist in the capital raising.

The agreement also allows the introduction of one or more Global Lead Managers/Coordinators and Bookrunners (Global Investment Banks) at any point in time.
The plan for the listing on the Prime Standard segment of the Frankfurt Stock Exchange is not in conflict with the process to list on the London Stock Exchange.

Marc Renell
Director
Renell Wertpapierhandelsbank AG



The following announcement has been released by Renell Wertpapierhandelsbank AG.

Astra Resources PLC is applying for listing on the EU regulated Prime Standard segment at the Deutsche Bӧrse


Adelaide, Australia – 29 June 2012:

We are pleased to announce that the management of Astra Resources PLC together with its applicant and lead broker at the Frankfurt Stock Exchange, Renell Wertpapierhandelsbank AG, has today resolved to follow the path at the Frankfurt Stock Exchange and apply immediately for listing on the Prime Standard segment (EU-regulated market) under a prospectus.

The scope of Astra Resources Plc, its potential future market capitalisation and the size of the intended IPO are better suited to the Prime Standard segment rather than the modified rules applicable to the Entry Standard (non-EU regulated market) as of July 2012.

Hence, Renell have recommended the withdrawal of the Entry Standard Application and will now immediately apply to list Astra Resources Plc on the Prime Standard segment of the Frankfurt Stock Exchange subject to the issuing of an IPO prospectus.

The plan for the listing on the Prime Standard segment of the Frankfurt Stock Exchange is not in conflict with the process to list on the London Stock Exchange.

Marc Renell
Director
Renell Wertpapierhandelsbank AG



T-Steel test manufacturing operations prove positive


Adelaide, Australia – June 19 2012:

International diversified resource company Astra Resources (FWB Code: 9AR) have spent the past four months conducting commercially representative test manufacturing operations for their revolutionary T-Steel technology with promising results.


The technology has been used commercially for special orders over the last 20 years, with the full Technical Marketing Document available here.

The tests, which were carried out by the independent SGS accredited METALCONTROL labs, were calculated on a number of variations under a ‘worst case’ scenario in order to simulate an extremely poor plant infrastructure. For example, the process included higher than normal slag levels and a lack of vacuum technology.

The results achieved during the test manufacturing showed that the combination of the actual physical process, and that of the metallurgical technologies as detailed in the IP, were able to produce substantially improved results in both the physical characteristics and emissions, when compared to emission data available on standard integrated steelmaking and the standard St 52-3 A (DIN 17100, EN 10025-1 2007) as manufactured by a leading steel manufacturer.

A summary of the test results are as follows, with improvements over standard integrated steelmaking and the standard St 52-3 A (DIN 17100, EN 10025-1 2007), as manufactured by a leading steel manufacturer:

 

Improved yield strength

26.6%

Improved tensile strength (Rm)

12.3%

Improved resistance against brittle fracture

10.9%



Astra CEO Dr Jaydeep Biswas says the manufacturing process was carried out under very high security in order to safeguard the IP owned by Astra.


“The aim was to show that an average or below average plant would be able to produce steel of a vastly improved quality,” Dr Biswas says.

The product stratification of the T2 (St 52-3 KG) type steels corresponded to the traditional ST 52-3 reinforcement steels.


From an application point of view the most important parameters were the increased yield and tensile strength and the improved weldability, with the latter identified by steel industry representatives as being critical for the applications and thus to the market.

The other important parameter of the steel is its resistance against brittle fracture (Rp02/Rm), with the higher the value for this ratio correlating to higher abilities of resistance against brittle fracture.


Astra Managing Director Silvana De Cianni says the previously outlined advantages of T-Steel, even in its lower stratifications, have been supported through the testing.
“Industries such as the automotive and mining industry machinery will benefit largely from the improvement in yield strength, without compromising weld ability,” Ms De Cianni says.

“The question of CO2 emissions has also become a critical issue both in terms of environmental impact and financial considerations with base measurements and calculations completed during the testing showing that worthwhile reductions can be achieved from the manufacturing process alone.

“It was also concluded that the emissions produced during the manufacture of the premium category T-Steels, for example T4-T9, will also be consistently less.
“In terms of the proposed commercialization of T-Steel, as outlined in confidential information memorandums in September 2011, a number of criteria were highlighted in terms of the market requirements and advantages.

“These include improvements in yield and tensile strength and reductions in CO2 emissions, with the results clearly indicating significant savings in terms of manufacturing and the carbon footprint of industries that implement the T-Type steels. The test runs outlined in this document result in properties far exceeding what was assumed in technology valuations previously reported.”

An industry that would benefit greatly from the introduction of T-Steel is the vehicle industry, which is striving towards lighter vehicles and lighter and smaller engines which produce similar or higher power outputs.

Dr Biswas says one of the world’s leading suppliers of steel to the automotive industry has confirmed that better quality, high weldability and stronger steels are required in order to produce smaller engines and more fuel efficient cars.

“These requirements also translate into a need for cost effective manufacturing methods so that the price of the steel used does not contribute towards increased manufacturing costs,” Dr Biswas says.

“The improvements in the characteristics of T-Steel over standard steel types are substantial, with a proven commercial history, and will provide significant economic benefits for steel plants where the technology is introduced.”

A recently completed Independent Expert’s report, written by chief metallurgist Dr Alfred Ender, acknowledges that the demand for economically produced high strength and high yield strength steels is increasing.

Dr Ender points out that the reason for this increasing demand is a result of the need for the reduction in mass of steel structures and machinery, without a reduction in lifecycle.

The report also states that ‘additional improvement can be reached’ by the application of other standard technical procedures such as injection technology and closed continuous casting methods.

This translates into an improvement of at least 10 to 15 per cent above the current results in absolute terms, as outlined in the report, when the technology is applied in a relatively standard factory which already has the infrastructure for the above technologies.

In a higher quality manufacturing environment further improvements are able to be made, but in the interests of ‘worst case’ critical reality Dr Ender chose to leave the calculated figures at 15 per cent in absolute terms above the results quoted in the report.

Dr Ender also notes that during the current tests, the amounts of micro-alloying components were not at their highest level, therefore extrapolated increases in the quantity of micro alloying of the magnitude ranging from 0.03 to 0.55 per cent for specific components would result in even higher strength.

The developers have stated that in an appropriate standard manufacturing environment, the improvements over and above the current results can be in excess of 25 per cent in absolute terms.

The report concludes that the ‘product of the detailed T-2 technology (pilot manufacturing) has better mechanical characteristics such as strength, yield, stiffness and resistance against brittle fracture than the product made by traditional technologies’. Therefore the mass of the structure can be reduced for the same application.

Additional applications for the T-Steel technologies include steel structures, pipes, ferro concrete structures, automotive and aquatic vehicle industries, high buildings, aerial ropeway, column crane and towers.

Astra Resources’ global portfolio includes gold interests in Southeast Asia, coal mine in Africa, iron ore in India, Norway and the Philippines, carbon efficient and commodity businesses, the production of the high-strength T-Steel technology in Hungary, clean coal technology and the provision of mining services housing in Rockhampton, Queensland and a large Agricultural focus on creating Australia as the food bowl for the Asian Region through Astra Agricultural Resources.


Astra announce appointment of finance director


Adelaide, Australia – 15 June 2012:

International diversified resource company Astra Resources (FWB Code: 9AR) are pleased to announce the appointment of Daniel Yeoh as the Company’s finance director.
Holder of an Australian prestigious scholarship, Mr Yeoh possesses extensive experience in a range of investment banking and management positions, including seven years of investment banking experience with one the premier investment banks, CIMB Investment Bank.


During his time at CIMB Investment Bank he was involved in a wide range of financial products such as initial public offerings, mergers and takeovers, fund raising, and various other corporate advisories.

Mr Yeoh has spent two years establishing an investment banking business in the Northern Region of Malaysia, which manages over 300 corporate clients.
Mr Yeoh is currently Director – Investment & Corporate Finance for Tune Service SDN BHD (www.tunegroup.com).


Mr Yeoh has a doctorate degree in Finance from the Australian National University, and two degrees from the University of Adelaide including a Bachelor of Economics and Bachelor of Commerce (Hons).

Astra Resources’ global portfolio includes gold interests in Southeast Asia, coal mine in Africa, iron ore in India, Norway and the Philippines, carbon efficient and commodity businesses, the production of the high-strength T-Steel technology in Hungary, clean coal technology and the provision of mining services housing in Rockhampton, Queensland and a large Agricultural focus on creating Australia as the food bowl for the Asian Region through Astra Agricultural Resources.



Quality control tests on Astra’s Green Gum technology a positive


Adelaide, Australia – 7 June 2012:

International diversified resource company Astra Resources (FWB Code: 9AR) have conducted quality control tests at the Green Gum plant in Western Hungary, prior to finalising production.


Various qualities have been produced, ranging from 400 microns (fine) to 150 microns (superfine), with the latter being similar to talcum powder in quality.


Astra CEO Dr Jaydeep Biswas says numerous test production runs have occurred over the past two months in order to ensure the final product meets the qualities and specifications requested by prospective purchasers.


“The laboratory conducted quality control tests include, amongst others, the measurement of the ash content, carbon black content, rubber hydrocarbon content, moisture content, fibre content and metal content,” Dr Biswas says.

“Work will continue throughout June to finalise the required compliance for the plant.”

The technology used is new and considerably less energy intensive than other existing methods for producing the quality rubber granules, with the premium superfine granule products used in a range of industrial processes.

Astra Managing Director Silvana De Cianni says the specifications for the end product were supplied by Green Gum’s preliminary customer in May and the requested laboratory analysis is currently in progress.

“Tests are also being conducted on the base raw materials required for producing the granules, which have been obtained from a number of suppliers,” Ms De Cianni says.
“In order to leverage the quality towards the profitability of the final product it is important to obtain optimum quality base raw materials.”

The costs of raw materials are expected to decrease once negotiations with the prospective suppliers are completed.

Astra Resources own a 76 per cent stake in Green Gum Technologies through its subsidiary Astra Innovations Pty Ltd.

The granule products may be a substitute in the rubber industry, as one of the base components in the paint and plastics industry, and it is also expected that the premium grade products will eventually be used in the automotive industries.

Astra has also identified the road base market in Europe as another immediate market for the product.

The sale price for general applications directly relates to the bitumen market, which at the moment is approximately 360 Euros (AUD$480) per ton and the initial sale price of the rubber granules for premium applications to be around 500 Euros (AUD$660) per ton.

Road building companies in Sweden and Austria have already expressed interest in using large amounts of the Green Gum product, while a German company that manufactures automotive cabin components is also considering the technology.

The need for rubber granules in road building and road maintenance alone is expected to be in excess of 35,000 tons per year over the next five years with considerable use of the product throughout Europe.

The plant will be able to produce over 15,000 tons per year, once the machinery testing is complete.

Astra Resources’ global portfolio includes gold interests in Southeast Asia, coal mine in Africa, iron ore in India, Norway and the Philippines, carbon efficient and commodity businesses, the production of the high-strength T-Steel technology in Hungary, clean coal technology and the provision of mining services housing in Rockhampton, Queensland and a large Agricultural focus on creating Australia as the food bowl for the Asian Region through Astra Agricultural Resources.



Astra acquires CO2 reduction technology


Adelaide, Australia – May 29 2012:

International diversified resource company Astra Resources (FWB Code: 9AR), through its subsidiary Astra Innovations Pty Ltd, has finalised the key agreements to acquire technology which is expected to have a major impact on the emission of CO2 and other gases in the energy industries and in heavy manufacturing.

The company believes the acquisition, which is expected to be completed in the next 30 days, will greatly add to its renewable energy credentials.

The IP involves a patented method for the technology and equipment required for the separation of gas mixtures to their various components by a cryogenic differential pressure distillation process.

The process is self-sustaining since the energy required to convert the gas mixture to a liquid (to enable the separation of various components) is fed by the evaporation of the liquid gas mixture at a lower pressure in a special process.

Astra CEO Dr Jaydeep Biswas says acquiring the technology is a significant step forward for the company, and will see renewable energy continue to play a growing role in the company’s business model.

“The CO2 and gas separation technology fits within the company’s renewable energy policy to provide carbon credits for Astra, and will allow the company to take advantage of an important and emerging market,” Dr Biswas says.

“The power station industry and other heavy industries are the main target markets for the technology, with carbon credits and carbon trading arrangements over the next ten years expected to result in crisis situations for these heavy industries in terms of taxes and operating and consumer costs.

“Acquiring this type of technology will place Astra in a prime position in terms of carbon credits and carbon trading.”

While the theory is not new, the main issue surrounding similar processes has always concerned the physical implementation and the energy requirements.

During a normal combustion process of fossil fuels, for example in a power station, flue gas consisting mainly of CO2, nitrogen compounds (from air supply to the station), water vapour, sulphur compounds and dust particles is produced.

Related traditional technologies have generally focused on the physical separation of the CO2 from the other components where CO2 is heavily diluted, and this has always had technical difficulties and a substantial energy component cost. The theoretical aim is to produce low or even zero CO2 emissions.

The technology acquired by Astra will separate the nitrogen from the oxygen at low cost prior to the power station, with pure oxygen strongly supporting combustion; condensing the water vapour, and the remaining pure CO2, which would otherwise be emitted, can be captured from the emissions.

The technology has advantages in that the major cost component of the operation merely consists of the energy costs related to the starting of the cycle, which are minimal due to low energy requirements. Once started, the cycle can continue with minimal self-sustaining energy requirements.

Astra Managing Director Silvana De Cianni says the acquired IP rights will allow Astra to fully develop the technology with the pilot device expected to be completed by the end of 2012 by its subsidiary, Astra Mining Hungary.

“The technology has been under development for some years but the current design allows the equipment to be built in a modular fashion so it can be transported in various configurations, while also enabling the physical size to vary in order to suit various application requirements,” Ms De Cianni says.

“In other words, a small manufacturing plant will have the same opportunity to reduce its emissions in a cost effective manner as a large power plant.

“The technology is also expected to have a major impact on the current carbon credit arrangements that are being introduced around the world.”

Astra acquired the technology, which was met with substantial interest by the energy industry, due to its inherent flexibility, its global presence and its ability to deal with the development and implementation of new technologies.

Astra Resources’ global portfolio includes gold interests in Southeast Asia, coal mine in Africa, iron ore in India, Norway and the Philippines, carbon efficient and commodity businesses, the production of the high-strength T-Steel technology in Hungary, clean coal technology and the provision of mining services housing in Rockhampton, Queensland and a large Agricultural focus on creating Australia as the food bowl for the Asian Region through Astra Agricultural Resources.



ASTRA RESOURCES PLC – London Stock Exchange Listing


Adelaide, Australia – May 11 2012:

The Directors of Astra Resources PLC (9AR: Frankfurt) (“the Company”) are pleased to announce the Company’s intention to apply for a listing on the Main Market (Standard Listing) on the London Stock Exchange with a public offering based on an approved Prospectus.


Further information will be provided to shareholders in due course.


The Company is continuing with its application for the inclusion in the Entry Standard segment of the Deutsche Börse AG and in due course wishes to also apply for the listing on the General Standard segment of the Deutsche Börse AG.

Astra Resources’ global portfolio includes gold interests in Southeast Asia, coal mine in Africa, iron ore in India, Norway and the Philippines, carbon efficient and commodity businesses, the production of the high-strength T-Steel technology in Hungary, clean coal technology and the provision of mining services housing in Rockhampton, Queensland and a large Agricultural focus on creating Australia as the food bowl for the Asian Region through Astra Agricultural Resources.



Status of Listing on the Deutsche Börse AG - Astra Resources Plc (Code:9AR)


Adelaide, Australia – May 10 2012:

With the recent announcement by the Frankfurt Stock Exchange ("FSE") of the planned closure of its First Quotation Board ("FQB"), this has affected Astra, as with other UK registered companies with shares traded on the FQB.

It is expected that the FQB will be closed around December 2012 in order to give listed companies an opportunity to consider their position and make alternative listing arrangements.

Astra had been advised by its Consultants that this would be a gradual process, however in the last twenty four hours the FSE has informed the Designated Sponsor of the temporary suspension of any trading in Astra shares. Notably, the FSE has placed such temporary suspensions of the shares trading on many other companies being traded on the FQB in the last twenty four hours.

The suspension of trading of Astra shares by the FQB is not reflective of any lack of solvency of Astra, nor is it reflective in any manner of any business activity being conducted by Astra. It is probably a consequence of the past trading volume in the Astra shares on the FQB.

As a consequence that the FQB will be closed by the end of this year, Astra is in the process of compiling the required proofs required by the FSE for its envisaged move to the Entry Standard segment.

Astra wishes to advise shareholders it regards this situation as an opportunity and not a dilemma.

Astra has for some time considered the deficiencies of being traded on the FQB and therefore is in the process of making its aforementioned application to be listed to the Entry Standard segment. This application will continue, as will Astra's determination (as previously advised to all shareholders) to dual list its securities on another major stock exchange.

In doing this, Astra will maintain its access to capital and investors, and continue to provide shareholders with a liquid market for its securities.

Since its inception, Astra has been a proactive company in every respect, and it will continue to be so. Shareholders should take comfort that the Board will respond to this matter in their best interest and to promote its success.

The Designated Sponsor is presently in contact with the FSE in respect to resolving the issue of its shares trading suspension, and further advice will be provided shortly.

Astra Resources’ global portfolio includes gold interests in Southeast Asia, coal mine in Africa, iron ore in India, Norway and the Philippines, carbon efficient and commodity businesses, the production of the high-strength T-Steel technology in Hungary, clean coal technology and the provision of mining services housing in Rockhampton, Queensland and a large Agricultural focus on creating Australia as the food bowl for the Asian Region through Astra Agricultural Resources.



Astra announce plans to begin dredging its Philippine iron sands project


Adelaide, Australia – May 9 2012:

International diversified resource company Astra Resources PLC (FWB Code: 9AR), through its joint venture in the Cagayan River Construction and Development Corporation (CRCDC) will begin the dredging of its Philippine iron sands project in late 2012.

Through its subsidiary Astra Philippines Pty Ltd, Astra beneficially owns ninety per cent (90%) of the joint venture company CRCDC, a Philippine registered company.

The Babuyan Channel Iron Sand Lode in the province of Cagayan, in the north eastern part of Luzon in the Philippines, is estimated to contain more than 31.3 billion metric tonnes (BMT) in the Mineral Production Sharing Agreement areas (MPSA), which is only a fraction of the Lode.

Astra CEO Dr Jaydeep Biswas says commencement of the project is pursuant to a Memorandum of Agreement (MOA) by and between the CRCDC and the Provincial Government of Cagayan, which was ratified by the Provincial Board on May 4, 2012.

“This grants CRDCD the authority to dredge, extract and utilise ‘quarry resources’, sand particles and other materials of commercial value such as magnetite iron sands from the Cagayan River Delta,” Dr Biswas says.

The authority to dredge the assigned area, a 200 metre by 12 kilometre strip along the mouth of the Cagayan River, located in Aparri, was stipulated to be for a period of 25 years, with the production expected to reach gross sales of about 1 million tonnes per annum by 2014. The initial estimated resource is 135 million tonnes.

The ultimate goal of the Joint Venture company CRCDC is off-shore mining of magnetite sand with a top production of 300 thousand metric tonnes per month on a floating plant.

Astra Managing Director Silvana De Cianni says that Astra is in the process of acquiring additional mining areas alongside MPSA 1, 2, 3 and 4 to add to the Joint Venture.

“This site, to be secured from the Department of Environment and Natural Resources, has inferred resources of 13 BMT,” Ms De Cianni says.

It is expected that this business partnership will significantly enhance the Economic Development Program, particularly in the mining industry sector, in the Philippines.

Astra through its joint venture interest in CRCDC has successfully arranged all requirements to start full operation by end 2012. Top level discussions will be held in Manila for a corporate review of the requirements before full implementation.


Astra Resources’ global portfolio includes gold interests in Southeast Asia, coal mine in Africa, iron ore in India, Norway and the Philippines, carbon efficient and commodity businesses, the production of the high-strength T-Steel technology in Hungary, clean coal technology and the provision of mining services housing in Rockhampton, Queensland and a large Agricultural focus on creating Australia as the food bowl for the Asian Region through Astra Agricultural Resources.



Astra sign Memorandum Of Understanding with China Railway


Adelaide, Australia – 26 April 2012

International diversified resource company, Astra Resources Plc (FWB Code: 9AR), has signed a Memorandum of Understanding (MOU) with China Railway (Beijing) Vehicles Equipment Co. Ltd (CRVE) relating directly to the commencement of production across Astra’s vast resource suite.

The agreement reflects Astra’s desire to enter into a long term and synergetic relationship with a major Chinese State Owned Agency (SOA) such as CRVE and create a strong footprint in the epicentre of the Asian growth corridor.

The MOU also reflects CRVE’s desire to build a long-lasting relationship with a global resource and technology company, such as Astra and support the immediate and future infrastructure (mining equipment) and finance solution requirements of Astra and to begin full scale production for Astra’s Company owned mines.


Further, CRVE will purchase specific resources, including thermal coal and iron ore, from Astra for its significant rail production and infrastructure projects in addition to its massive power generation requirements and close association with China Power.

Astra CEO Dr Jaydeep Biswas says this is a significant step forward for the company in the wake of its recent announcement regarding the geological investigation and feasibility study into its Nigerian thermal coal sites and deposits and the recent favourable report from the Cagayan River Construction & Development Corporation (CRCDC) on its Philippine iron sands project.

“Entering into both formal discussions and contracts with major resource players and buyers, such as CRVE, not only secures long term revenue streams, but also opens the door for further discussions and agreements with regards to our project financing needs and production of Astra’s other major resource assets of iron ore and thermal coal and the imminent commercialisation of the clean coal conversion technology,” Dr Biswas says.

“China represents the biggest resource buying market in the world and Astra are now well positioned to take full advantage of this by entering into this MOU with one of the largest State Owned Agencies (SOA) in China that has a huge appetite for thermal coal and iron ore supply and connection to many of China’s SOA’s.”

The ground breaking MOU was facilitated by Senior China Advisor, Stephane Muller-Margot who says China’s thermal coal and iron ore needs are immense and during this stage of massive development and urbanisation it is vital that we identify and partner with major resource companies like Astra to ensure a consistent, and secure, supply chain.

“This is the first step in developing a significant relationship with Astra following the signing of a letter of intent (LOI) in January 2012 and to provide all of the necessary project infrastructure and financial support for the various assets that CRVE wishes to lock up for future sales offtake agreements,” Mr Muller-Margot says.

Astra is also in meaningful discussions and negotiations for an extension to this MOU with other Chinese SOA’s to utilise Astra’s Clean Coal Conversion Technology, Gold assets throughout Asia and the production of the company’s ground breaking T-Steel steel technology.

Astra Resources’ global portfolio includes gold interests in Southeast Asia, coal mine in Africa, iron ore in India, Norway and the Philippines, carbon efficient and commodity businesses, the production of the high-strength T-Steel technology in Hungary, clean coal technology and the provision of mining services housing in Rockhampton, Queensland and a large Agricultural focus on creating Australia as the food bowl for the Asian Region through Astra Agricultural Resources.



Astra’s Green Gum technology gears up for first production run


Adelaide, Australia – April 11 2012:

Astra Resources Plc (FWB Code: 9AR) is in the final setup stages for the production infrastructure in Hungary for its renewable energy technology, Green Gum, which operates in the area of waste recycling of rubber into high value products.


The machinery will be able to produce various grades of rubber granules in sizes from 600 microns (fine) to 150 microns, the latter being superfine granules which are similar to talcum powder in quality.

Astra Resources CEO Dr Jaydeep Biswas says production testing has been in progress since early March and over 200 kilograms of rubber granules have been produced in order to test their consistency and cleanliness.

“Additional testing was completed earlier this month which produced over 40 kilograms of the 150 micron grade granules,” Dr Biswas says.

“The third test production in excess of 20 tons is scheduled for the middle of April and will be quality certified at the University of Miskolc in Hungary.

“Following these tests the first full scale commercial production run is scheduled for the end of April and early May and Astra intends to fully leverage the product’s potential in order to maximize value to shareholders.”

Astra Resources owns a 76 per cent stake in Green Gum Technologies through its subsidiary Astra Innovations Pty Ltd.

The patented process is able to produce fine and superfine granules with technology that produces a small carbon footprint.

One of the main advantages of the Green Gum technology is that it uses substantially less energy for the production of the granules than the traditional “energy hungry” methods which utilise either a cryogenic freezing process or a very high-pressure water cutting process.

The sale price of the superfine granules in premium industries is expected to exceed 600 Euros per ton, and for certain applications such as rubber or plastics manufacturing in excess of 1,200 Euros per ton with net margins as high as 50 per cent of the sale price.

Astra Managing Director Silvana De Cianni says the premium, superfine granule products are used in a range of industrial processes, as a base material in the paint or rubber manufacturing industries as well as a substitute for expensive base components in the plastics industry.

“The superfine granules are expected to be sold at a premium price into the plastics industry,” Ms De Cianni says.

“A particularly sought after property of the larger fine quality granules is the granule surface geometry which allows stronger and more consistent bonding under loads.
“These larger fine quality granules are intended as an additive to be used in road construction by an Austrian company, and there is already interest from another major prospective customer.

The existing plant will be able to produce over 15,000 tons per year, once the machinery installation is complete. The interest shown in the product suggests that 25,000 tons per year will be required in 2012, possibly increasing to 30,000 tons soon after, for the regional market.

The plant is located in a local government designated Green Belt area in Western Hungary, which further enhances the company’s green credentials.
The European and global market potential for this technology is significant.

Astra Resources’ global portfolio includes gold interest in Southeast Asia, coal mine in Africa, iron ore in India, Norway and the Philippines, the production of the high-strength T-Steel technology in Hungary, carbon-efficiency businesses and the provision of mining services housing in Rockhampton, Queensland.



Astra move forward in acquisition of clean coal conversion technology


Adelaide, Australia – April 4 2012:

Astra Energy Technologies Pty Ltd (AET), a subsidiary of international diversified resource company Astra Resources Plc (FWB Code: 9AR), has completed the first phase of due diligence and begun the process of acquiring Interecotech’s clean coal conversion technology.

The initial stage of the acquisition will occur over the next 60 days which will include the IP pertaining to the technology, along with obtaining independent reports for global marketing and financing of the commercial plants. The first set of payments have been completed.

The balance of the acquisition will occur upon the satisfactory completion of the impending prospectus being issued by AET’s parent company, Astra Resources Plc.


The technology outlines the scientific process required for the manufacture of Activated Coal Water Fuel (ACWF), and Uniform Activated Coal Water Fuel (UACWF) based on ultrasonic chemistry activating coal water mixtures so brown coal behaves as a liquid, which provides cleaner and higher efficiency combustion in existing coal-fired power stations.

The technology can be used to gasify the fuel to create hydrogen enriched Syngas, which can be used to manufacture high grade fertilisers and as a cheaper and environmentally friendly alternative for generating electricity in IGCC plants.

Interecotech Managing Director Jim Feldman, Astra’s Joint Venture partner, says Astra will be discussing the technology with participants including representatives of the Victorian Government and Commonwealth Government of Australia for the first time at the Second International Symposium on the Sustainable Use of Low Rank Coal, which is being held mid-April in Melbourne, Australia.

“International participants will attend from Japan, China, the United States and Germany and, for the first time, be introduced to this ground breaking technology,” Mr Feldman says.

Astra’s coal conversion strategy will enable developing countries with a heavy reliance on importing costly high quality coal, which is unsustainable long term, to use locally mined, low quality thermal and brown coal reserves for power generation, thus significantly reducing generation costs and resulting in greater energy independence.
Upon completion of the acquisition, AET will retain a 75 per cent stake in the Joint Venture Company.

Astra Resources’ global portfolio includes gold interest in Southeast Asia, coal mine in Africa, iron ore in India, Norway and the Philippines, the production of the high-strength T-Steel technology in Hungary, carbon-efficiency businesses and the provision of mining services housing in Rockhampton, Queensland.


Astra Resources corporate structure driven by technology opportunities and commodities growth


Adelaide, Australia – 20 March 2012:
International diversified resource company, Astra Resources (FWB Code: 9AR), says its corporate structure will help drive the company’s standing as a major participant in the global market.

Astra CEO Dr Jaydeep Biswas says its structure includes the key business units of technology, mining, and business diversification with risk management as a theme, all backed by its diversified project and geographic base and the continued acquisition of game-changing, commercially proven technologies.
astra structure

“Our structure will allow us to become a global leader in efficient, high quality steel manufacturing and clean coal conversion technologies, and provide ongoing shareholder value creation through mining and green innovations,” Dr Biswas says.

“Our technology strategy is spearheaded by the company’s T-Steel which will enable old and underperforming steel mills with low profitability to produce high margin premium grade steels without major capital expenditure.

“Cost reductions are just one of the benefits of implementing the T-Steel technology, as higher strength steel can be produced with a significant reduction in raw material use for the same application.

“We are continuously assessing well-priced opportunities to acquire steel mills in Eastern Europe which can act as a platform for conversion, production and marketing of the T-steel products, in addition to external licensing arrangements.

“In the future, the use of nano-technology in steel making is an area which may bring additional improvements to the steelmaking industry and this is something Astra is also exploring.

“We have intentionally supported T-Steel through the acquisition of a number of other technologies including the recent joint venture with Interecotech for their clean coal conversion technology.

“This pertains to the scientific process required for the manufacture of Activated Coal Water Fuel (ACWF) as direct fuel for power plants at higher efficiencies, and the gasification of coal to create hydrogen enriched Syngas for the production of diesel fuel.

“As any type of coal can be used as feedstock for ACWF, developing countries can utilise this technology to become more energy independent using lower quality local coal thus reducing the need to import black coal or diesel for their power generation requirements.

“The ACWF technology is a bolt-on to existing power stations, allowing fuel diversity. This will have immediate and profound economic and logistics benefit as the coal conversion technology will help turn local low quality coal reserves into a useable product, reducing reliance on expensive imports.

“By focusing on coal-fired power plants in developing countries, savings are linked to the black-brown coal price differential and the inter-continental logistics cost from black coal mine to end user power station.

“ACWF technology will also be attractive to any country with a drive to significantly lower carbon dioxide emissions due to the resulting increase in the thermal efficiency of coal fired power stations.”

To capitalise on its technology strategy Astra has, or are in the process of, securing the supply chain of raw materials related to the production of these technologies.

The company’s resources strategy, which underpins its technology push, includes iron ore and coal interests across three continents.

The acquisition of mining assets close to production without the need for major logistics infrastructure investment creates a pathway to early revenues at lower risk.

Low infrastructure investment allows small boutique operations to be viable rather than the scale and term required to pay off infrastructure bond holders. Examples of these boutique market-ready projects are Astra’s iron sands project in Philippines and the iron tailings project in Scandinavia.

Astra Managing Director Silvana De Cianni says these acquisitions enable Astra to create its own internal market, insulating the company against fluctuating commodity prices.

“In the case of iron ore, Astra’s projects are intended to be resilient to iron ore prices of $80/tone, including costs of capital, since the tenements are close to user markets, have the majority of infrastructure in place and are close to revenue compared to most exploration and major greenfield plays,” Ms De Cianni says.

“These types of projects do not suffer from the long-distance supply lines and long term commitments to infrastructure bond holders which are a risk if commodity prices fall.

“Investments in gold, copper and silver tenements assist in hedging the risk of the dollar and dollar related commodities.

“Astra intends to invest in mining, steel and bolt-on power opportunities in countries with a comparative advantage, being close to demand markets without the need for major infrastructure investment or scale.

“In effect, we have reduced our risk of business by hedging our business operations.”

Dr Biswas says the ‘glue’ between the mining interests and the market will be a commodity trading business which will not take positions in the market but act as a principal sales agent for Astra assets in steel making raw materials, coal, precious metals and steel.

“The commodity trading business cannot ignore the fact that China, India, Middle East and East Asia need agricultural products to fuel its population growth which in turn increases the demand for raw materials for steel production, premium steel and power generation technology.

“Northern Australia has some of the best growing and grazing land in the world, often referred to as the region’s food bowl due to the rainfall, low population density, logistics infrastructure and close proximity to Asian markets.

“This is a positive under any financial scenario, and the commodity arm of Astra will participate in developing this region as a food bowl for Asia.

“Our risk management strategy therefore includes our commodities trading as a principal for own production only and not taking speculative positions.”

Ms De Cianni says Astra has further diversified its projects to include mining housing in Australia, commodities trading and off take, and carbon credit technologies.

“Astra has acquired and optioned debt free land in one of the most important mining regions in Australia, Rockhampton in Queensland, where we will develop a range of housing options to service the mining sector,” Ms De Cianni says.

“Add to this is our interest in Green Gum technology, a process that converts waste from rubber tyres into fine and superfine rubber granules gaining revenues and carbon credits, and you can see diversification is a key pillar of our corporate structure.”

Dr. Biswas says Astra’s strategic positioning ties the company’s corporate structure together.

“We are very focused on emerging economies with a preference for those with high growth coupled with commodity and product demand,” Dr Biswas says

“Our mission statement, a diversified global resource company with the entrepreneurial vision of a technology firm, describes our knowledge based approach, and our eye towards ancillary opportunities which complement our core focus with lower cost and quicker time to revenue.”

Astra Resources’ global portfolio includes gold interest in Southeast Asia, coal mine in Africa, iron ore in India, Norway and the Philippines, the production of the high-strength T-Steel technology in Hungary, carbon-efficiency businesses and the provision of mining services housing in Rockhampton, Queensland.

 

 

Astra announce first step in acquisition of patented clean coal technology for fuel production, coal gasification and power generation


Adelaide, Australia – 6 March 2012:
International diversified resource company, Astra Resources (FWB Code: 9AR), has signed a joint venture agreement for an innovative and patented clean coal conversion technology.

The agreement, between Astra’s subsidiary, Astra Energy Technologies Pty Ltd (AET), Interecotech Pty Ltd (IET), CG Technologies Pty Ltd and Sevastyanov Vladimir Petrovich, will result in AET retaining a 75 per cent stake in the Joint Venture Company and strengthening the company’s portfolio in the field of power generation using commercially proven clean coal technology.

AET will be acquiring its 75 per cent stake in the Joint Venture Company through primarily scrip (issued by its parent, Astra Resources Plc), and is subject to the satisfactory completion of a due diligence period agreed between the Joint Venture parties. This scrip issue is intended to be within the existing Astra capital structure.

The technology pertains to the scientific process required for the manufacture of Activated Coal Water Fuel (ACWF) and the gasification of that fuel to create hydrogen enriched Syngas, which can be used as a cheaper alternative for generating electricity in modern power stations.

Astra CEO Dr Jaydeep Biswas says the company has been actively seeking an innovative clean coal conversion technology to add to its intellectual property bank as part of its broader business strategy.

“IET have developed a patented environmentally friendly and cost effective technology utilising poor quality coals for the production of ACWF and low cost hydrogen enriched Syngas, which offers a long-term alternative to oil and is an attractive fuel for the power generation industry,” Dr Biswas says.

“Any type of coal can be used as feedstock for ACWF, with low quality Lignite or brown coal being ideal.

“This creates greater energy independence for developing countries which frequently have low quality thermal coal reserves and at present import black coal or diesel for their power generation requirements.

“Astra’s coal conversion strategy will enable countries with a heavy reliance on importing costly high quality coal, which is unsustainable in the long term due to import expense and process, to use locally mined brown coal reserves for power generation thus significantly reducing generation costs.

“These brown coal reserves, which have a low, nil or negative value, will also in-turn provide a significant mining opportunity for Astra resulting and a win-win situation.

“This will have an immediate and profound effect as the coal conversion technology will help turn low quality coal reserves into a useable product.”

The cost difference between brown and black coal can be as high as $80-100 per tonne, if based on today’s prices, without taking into account the costs of logistics of transporting black coal from producer country mines to developing country power stations, which normally has a sequence of rail-port-shipping-port-rail; this logistics cost can sometimes be as high as the value of the black coal.

The development of modern coal water fuels by IET began in the late 1980’s in Russia. The technology was further developed by IET’s scientists and engineers in order to produce energy of even higher specifications, but was never marketed under the name of ACWF (currently a trade mark pending registered product). The technology has been used commercially in Novokuznetsk, Russia.

The technology is a bolt-on device for existing power stations to process low quality coal as an alternative to diesel, fuel oil and black coal.

For a 300MW black coal or diesel fuelled power station, the bolt-on device is expected to cost $ 40 million. Astra does not intend to get into stand-alone power generation, but will seek revenues from providing the technology, royalty and operating cost savings due to higher efficiency and lower fuel/logistics costs to existing power stations.

The technology is based on ultrasonic chemistry, activating coal water mixtures so coal behaves as a liquid, which provides cleaner and higher efficiency combustion. The process has undergone 30 years of development and while it was patented in late 2011 the know-how is believed to be nearly impossible to replicate.

The IET coal water fuel can be used in pulverized coal combustion (PCC) plants with great economic and environmental benefits, including:

  • Significant reduction of greenhouse and noxious gas emissions CO2, NOX, SOX
  • Minimising slagging of the boilers using high ash coals
  • Significantly more efficient use of available energy from carbon and volatiles in the raw material compared to other processes which underburn both carbon and volatiles
  • Reduction of energy input for coal preparation
  • Reduction in coal preparation plant size to approximately one third of standard size
  • Reduction in capital operating costs
  • Reduction in fuel and import costs


The presence of water in ACWF also makes the resulting product explosion proof, and as the process converts the coal into a liquid form, delivery and dispensing of the fuel can be simplified.

Using ACWF technology, 20-30% less coal is required for the same MW output compared to a power plant which does not use ACWF using the same coal.

Additionally, the efficiency of the ICSGCC (3 Cycles) technology, utilising brown and/or black coals is estimated to be in the range of 80-85%, CO2 emissions 0.40-0.38t/MWh.

IET’s key staff includes the senior scientists and engineers who spent over thirty years on the testing and development of the technology and have extensive experience in operating the ACWF production plant.

Astra Managing Director Silvana De Cianni says with increasing reliance on global oil and natural gas resources, IET’s patented technology offers a cost effective and clean coal based alternative for heating and power generation.

“By reducing the cost of the feedstock and importation with the utilisation of coal instead of oil and gas, overall costs to produce heat and electricity are at least halved,” Ms De Cianni says.

“The high-energy coal water based fuel produced by this cutting edge process can be immediately used to replace heavy oils in oil-fed boilers of any size for heating and power generation.

“Depending on the geographical area the price per unit energy of IET’s coal water fuel may be 30 per cent to 70 per cent lower than the equivalent oil or gas.

“Heavy oil boilers are prevalent in developing countries and IET’s technology provides a fantastic low cost alternative in these markets.”

ACWF has prospective growth potential for the Central European region, with vast resources of brown coal and a high demand for low emission production of electricity, and a number of potential users in South East Asia, such as India, the Philippines and Cambodia, along with Africa and Australia have welcomed the planned opening of the ACWF plants, indicating their intention to purchase the full initial output.

Dr Biswas says Astra has the advantage of being able to receive quality returns on its proposed investment acquisition in a relatively short time frame as the first commercial plant outside of Russia will be able to begin production 12 to 24 months after the acquisition of the IP is completed.

“With this new joint venture, Astra signals its intention to become a major player in meeting increased global demand for electricity and addressing the challenges of global warming,” Dr Biswas says.

Ms De Cianni says various plants have produced and tested ACWF with excellent results.

“It is expected that customers will be able to convert PCC plants to ACWF utilising IET coal preparation and combustion technology with very low capital costs in a short space of time,” Ms De Cianni says.

“While upgrades are not required, modular diesel engine power plants burning ACWF can be slightly modified to make them economically competitive with natural gas.

“The initial and guaranteed market will serve as a parallel springboard for the quick introduction of the next step, Coal Slurry Gasification.”

The thermal and chemical properties of the ACWF produced mean higher rates of reactivity when fed into gasification or combustion reactors, with remarkable results in gas composition and heat produced.

ACWF acts as a super-charged feedstock, and can also be used for high yield, low emission production of syngas, the basis for a revolutionary new type of IGCC process.

The syngas produced utilizing this technology can be used for direct combustion in converted coal or oil-fired boilers, coal-to-liquid fuel production, electricity generation, and can replace natural gas to produce heat.

Using brown coal from Australia’s Latrobe Valley in Victoria and IET gasification technology, the estimated syngas production cost is $1 to $2/GJ, depending on the size of the gasification and price of coal.

In comparison to some other energy producers, Astra has access to a large pool of engineers and scientists, all of who have decades of experience in coal conversion technologies in Russia and Australia.

In-depth details of all processes and accompanying knowhow of the particular Integrated Coal Slurry Gasification Combined Cycle (ICSGCC)process, and employment of all key scientists forms an integral part of the Intellectual Property acquired through the joint venture.

Astra has acquired all documentation and knowhow of the technology which is covered by non-disclosure and confidentiality agreements, and will make this available to potential investors and partners.

To read more about Interecotech’s coal conversion technology, click here.

Astra Resources’ global portfolio includes gold interest in Southeast Asia, coal mine in Africa, iron ore in India, Norway and the Philippines, the production of the high-strength T-Steel technology in Hungary, carbon-efficiency businesses and the provision of mining services housing in Rockhampton, Queensland.



Astra’s technology focus to drive ‘industry changing’ outcomes


Adelaide, Australia – 29 February 2012:
International diversified resources company, Astra Resources Plc (FWB Code: 9AR), has reconfirmed its commitment to pursuing industry innovations to spearhead its global expansion plans.

The company has already acquired, and is in the process of acquiring, several ‘industry changing’ technologies, including the revolutionary T-Steel, coal conversion and carbon capture and sequestration projects amongst others, which it sees will help drive the advancement of developing countries.

Astra CEO Dr Jaydeep Biswas says it will be technology rather than fixed assets which will determine competition and products into the future.

“If you look at the major countries around the world it’s only Russia and Brazil that both produce their own minerals and consume them on a major scale,” Dr Biswas says.

“Russia is a major producer of most commodities, and almost all of their production is consumed domestically or purchased by central government banks as stockpiles.

“However both China and India are still importing coal and iron ore to fuel their exponentially increasing appetite for steel, and anything that can revolutionize this scenario will result in industry changing outcomes.”

Iron ore imports into China from Australian alone hit 64 million tonnes in December.

India is a massive coal producer in its own right, but still requires high quality coking and thermal coal which it imports.

Dr Biswas says while China and India may have large resource reserves, their poor quality means large quantities of coal and iron ore still need to be bought offshore.

“Ironically Australia and South Africa have huge resource reserves but export much of it due to low local consumption levels,” Dr Biswas says.

“This business model of high resource, low consumption countries like Australia continuing to supply China and India may become partially out-dated in time, and it’s not just due to the increasing costs of logistics.

“The real challenge is to provide the appropriate technologies to allow these emerging nations to use their own resources to produce their own high quality products such as steel.

“Astra is now in a position to not only provide these technologies, but also facilitate the required resources from closer supply points and in turn minimise their need to rely on long-distance imports.”

Astra’s Managing Director Silvana De Cianni says the company’s strategy is to align its technologies for steel and coal conversion so they can be used in major consumption countries like China and India.

“Our company model is based on cost efficiency, initially in producing stronger steel requiring fewer raw materials for the same use, and cost efficiency in coal conversion technology to allow use of local low quality coal deposits for energy generation in developing countries,” Ms De Cianni says.

“We are also committed to mineral development projects in low cost populated countries such as the Philippines where demand is low but their close proximity to major markets reduces logistics costs.

“Underpinning this policy is our hedging strategy against the dollar through our interests in gold, which all provide a very unique and diversified business model for long term growth.”

China’s crude steel production has risen from 1,351 million tonnes in 2007 to 1,490 million tonnes in 2011 and shows no signs of abating, providing the perfect platform for Astra to use its T-Steel technology.

Some of the benefits of the revolutionary T-Steel technology compared to most high-strength low-alloy steels include up to 30 per cent lower emissions, improved hardness, tensile strength and malleability, fewer raw materials required, and higher elongation.

Dr Biswas says it can replace other steels in any application, has a longer fatigue life and provides for higher profitability.

“T-Steel is significantly stronger than regular steel and provides vast production, operational and environmental benefits,” Dr Biswas says.

“Stronger steel means less steel needs to be produced and technology to convert local low quality coal for power means less imports, hence much lower operating costs.

“If countries such as China and India adopt our technologies along with using their own resources, it will have a significant effect on the current business model.”

Dr Biswas says in line with Astra’s model to make the industry work more cost efficiently, another benefit of T-Steel technology is to make it possible for older factories to manufacture T-Steel products economically.

“One of the most important factors in the implementation of the T-Steel technology is that factories that cannot afford multi-billion dollar investments in new equipment are able to manufacture high quality steels using existing factory infrastructure with relatively minor capital investment,” Dr Biswas says.

“Therefore average factories can enter markets where they can sell a premium category of steel and in turn increase their sales revenue.

“There is also a growing demand in international markets for higher quality and more expensive commodities, as recently evidenced by India’s pursuit of coking and thermal coal from Australia, to produce superior products.

“If we are able to provide the means for them to achieve the desired level of quality by using their own lower quality resources, then we have achieved something different from the current business model.”

Astra Resources’ global portfolio includes gold interests in Southeast Asia, coal mines in Africa, iron ore in India, Norway and the Philippines, carbon efficient businesses, the production of the high-strength T-Steel technology in Hungary and the provision of mining services housing in Rockhampton, Queensland.


Astra announces intention to upgrade to Entry Standard (2012) and General Standard or other major global exchange (2013/2014)


Adelaide, Australia – 21 February 2012:
International diversified resources company, Astra Resources Plc (FWB: 9AR), has announced its intention to upgrade its listing on the Frankfurt Stock Exchange to the Entry Standard in 2012 and, in the future, to the General Standard and/or another major global exchange in 2013/2014.

With revenue growth expected in 2012 and 2013 management has decided, in terms of its Frankfurt Stock Exchange listing status, to improve the listing status of Astra within the next 24 months in order to better reflect the company's growth and assets.

The move to the Entry Standard or an EU law regulated board is a step towards the release of a future global prospectus for an IPO of Astra stock which is likely to be backed by leading investment banks in New York, London, Frankfurt and Asia.

The Entry Standard is similar to the Alternative Investment Market (AIM) in London. Astra intends to upgrade from Frankfurt's First Quotation Board (FQB) to the Entry Standard in the next few months and a prospectus will be released later this year in conjunction with the aforementioned IPO.
The Entry Standard is a segment within the Open Market (regulated unofficial market) of the Frankfurt Stock Exchange, the stock exchange of Deutsche Börse AG, and is Astra's next step on the way to General Standard segment (an EU Regulated Market segment) or other major global exchange and is a well- accepted access point to the capital market.

Astra CEO Dr Jaydeep Biswas says this is an important step forward for Astra as we establish ourselves as a truly international diversified resources company.

“Listing on the Entry Standard in 2012 and in future on the General Standard or other major global exchange in 2013/2014 requires a higher level of disclosure, transparency and reporting which will appeal to both our growing base of institutional and retail investors,” Dr Biswas says.

Astra Managing Director Silvana De Cianni says Astra is continually adding to its global portfolio.

“Astra’s move to the Entry Standard and later on to the General Standard segment or other major global exchange will not only make us a more attractive investment opportunity, but also increase our presence on a wider scale,” Ms De Cianni says.

“The inclusion of our shares in exchange trading in the Entry Standard and at a later stage at the General Standard or other major global exchange provides Astra with one of the fastest and most professional ways of accessing the Frankfurt stock market in terms of institutional funds and bonds supporting our global expansion plans.”

In addition to an increasing amount of disclosure and transparency for Astra's investors and shareholders resulting from these listing upgrades, Astra's management has engaged Squire Sanders, a leading global law firm (www.squiresanders.com), to assist Astra in completing and filing the future IPO securities prospectus.

Furthermore, Astra confirmed today that management has recently visited London and has interviewed a major global accounting and audit firm, which will be another step towards full audit transparency and a reliably focussed Corporate Governance policy.

Astra Resources’ global portfolio includes gold interest in Southeast Asia, coal mine in Africa, iron ore in India and the Philippines, the production of the high-strength T-Steel technology in Hungary, carbon-efficiency businesses and the provision of mining services housing in Rockhampton, Queensland.

Astra uncovers significant new growth opportunity in Nigerian coal


Adelaide, Australia – 20 February 2012:
International diversified resources company, Astra Resources Plc (FWB Code: 9AR), has finalised an initial geological investigation and feasibility study into its Nigerian thermal coal sites with promising results.

The geological investigation was undertaken to determine the coal potential and viability of the two coal sites Astra is developing through its joint venture agreement with Barjalex Nig Ltd.

The two sites sit within the Ogboyoga coal field of the Kogi Coal District, covering the Odelle, Manejo and Ichalla villages of the Ankpa Local Government Area of Kogi State, North Central Nigeria, and cover a combined area of 10.4 square kilometres.

A further extension located in the Ogboyoga coal field and covering 16.6 square kilometres has been discovered, for which Astra is in the process of purchasing an exploration license.

Astra CEO Dr Jaydeep Biswas says the investigation covered a total area of 30 square kilometres, spanning the current sites and the extension, with results indicating the existence of coal deposits mineable using an open cast mining method.

“After completing the geological investigation and feasibility study, it was concluded that while early indications of the coal resource within the two Barjalex sites require further investigation, the extension located within the Ogboyoga coal field has been identified as highly viable,” Dr Biswas says.

“Astra intend to further explore this area through drilling while taking all necessary steps to complete the application for a mining lease for the Ogboyoga coal fields.”

During the initial geological investigations six coal outcrops were encountered in the Okaba area with a coal thickness ranging from 0.8 to 1.6 meters.

From these results it can be inferred that the total coal tonnage of the 16.6 square kilometre extension area is 31.35 million tonnes that has significant value at present thermal coal prices.

Samples collected from the Ogboyoga coal field as part of this investigation are currently being analysed, however previous samples indicate the coal in the area is of high calorific value.

Astra Managing Director Silvana De Cianni says a further drilling and sampling program of the Barjalex coal property will be undertaken, occurring in two phases in accordance with JORC drill point spacing for indicated and proven resource calculation.

“The first phase of the program will consist of a few strategically placed drill holes at a spacing of approximately 1,500 meters to confirm the hypothetical resources estimation and enable the establishment of appropriate drilling points for phase two,” Ms De Cianni says.

“The second phase of drilling will focus on further exploring any potential economic deposits detected from the wide-spaced boreholes from phase one.
“Once all the data is gathered, an accurate estimation of the total volume of coal reserves present in the area can be calculated, and from this a total tonnage can be derived.

“The results ascertained from the sampling program will form part of the report that will be used to assess the qualification of the Barjalex exploration licenses for a mining lease.”

Geological investigations indicate the Ogboyoga coal field has the second greatest amount of available drilling of all the thermal coal areas reviewed for the report. Large surface and underground coal resources are present in the area, with seam thickness in the range of 1.2 to two meters.

Dr Biswas says no commercial mining has been done in the Ogboyoga coal field, and it is highly probable that further resources may be discovered with additional drilling. Astra is also looking to significantly expand the field by further acquisitions.

“As the thermal content of the coal is reasonably high, and the sulphur and ash content is low, the quality is very acceptable for power plant feed, making the potential of the area immense.”

Situated 20 kilometres south of the Ogboyoga coal field, the Okaba coal field which is adjacent to the Ogboyoga coal field has a large coal reserve that can be developed using surface and highly productive longwall methods.

A small surface mine was operated at Okaba in the past and some coal still remains in the pit. The high Btu content of the coal and low sulphur levels makes it of acceptable quality for a generating station.

Ms De Cianni says the domestic coal market within Nigeria has the potential to expand exponentially due to the country’s desire to revitalize the coal mining industry and utilize those resources to increase the country’s electrical generating capacity.

“Nigeria has major coal resources that have not been well explored or exploited,”

“The Nigerian Government has recently placed a high priority on utilizing these resources by attracting foreign companies to develop these large coal reserves.

“There is also the potential for domestic demand to increase exponentially, with coal briquettes expected to replace wood for cooking and domestic and industrial heating to reduce the rapid deforestation that is occurring due to the country’s growing population.”

“The coal present in the district and surrounds is low in sulphur and ash, and high in calorific value making it ideal for power generation and export into the international market.

“The Barjalex transaction creates a beach-head for growth in a region which has the potential of 800 million tonnes of thermal coal.”

With a population approaching 140 million, statistics indicate that Nigeria can be considered to have between 20 million and 25 million households.

Estimates of the minimum load demand or generating capacity indicate that the 10,000 MW of capacity targeted by the Federal Government of Nigeria is a reasonable reflection of the capacity necessary to satisfy the country’s actual needs for electricity supply in the near term, and that as electricity becomes available the demand can grow to over 15,000 MW.

Dr Biswas says if power becomes available and the population becomes more accustomed to modern conveniences, the “KW per household” factors will increase, further expanding the demand for electrical power.

“Even by conservative measures, the country appears ready to absorb the output from 10,000 MW to 15,000 MW of additional generation capacity during the next 20 to 25 years,” Dr Biswas says.

“In order to meet these needs, approximately 3.2 million tonnes of coal will be required per year for each 1000 MW of capacity.”

The exploitation of coal for electricity generation and the production of coal briquettes for domestic and industrial heating will result in a number of benefits, including increased employment, expanded industrialization of the economy and a more reliable electricity supply.

Dr Biswas says Nigeria allows 100% per cent return of profits and offers a number of basic facilities necessary for coal mining and power generation, making Astra’s Nigerian coal opportunity a highly cost-effective venture.

“The Nigerian Government permits 100 per cent foreign ownership of mines and power generation plants, free trading zones and developed infrastructure including road links and railways, making this opportunity a perfect fit with Astra’s low risk business model,” Dr Biswas says.

“While there is high demand for coal internally, due to its proximity, Nigeria is in a prime position to become a major player in the international traded coal market to Europe due to the sizeable international market for seaborne trade, making Astra’s coal interests in Nigeria highly economical.”

Astra Resources’ global portfolio includes gold and iron sands interests in Southeast Asia, coal mine in Africa, iron ore in India, carbon efficient businesses, mining housing developments in Queensland and the production of the high-strength T-Steel technology in Hungary.

 

Astra receives favourable report on Philippine iron sands project


Adelaide, Australia – 31 January 2012:
International diversified resources company, Astra Resources Plc (FWB Code: 9AR), has received a favourable report from the Cagayan River Construction & Development Corporation (CRCDC) on its Philippine iron sands project.

The report, commissioned by the CRCDC who is Astra’s Joint Venture partner for the project, identifies the iron ore potential of the immediate surroundings of the CRCDC dredging area in the Cagayan River Delta.

The area considered in the report is partly inland and extensively offshore, covering most of the northern shelf area of the Cagayan Province in the North Eastern part of Luzon in the Philippines.

Astra CEO Dr Jaydeep Biswas says the main material to be dredged contains magnetite, the principal iron bearing mineral, which is black in colour and is present within river sediments and offshore sands.

“Large offshore deposits of magnetite have accumulated from the discharge of the Cagayan River and other rivers that empty through the sea, with much of the deposits dating back through many geological eras,” Dr Biswas says.

“Magnetite is resistant to weathering and is therefore preserved through the geological ages in its primary form and composition.

“The highly magnetic nature of magnetite means it can be recovered with relative ease using magnetic separators, making it an economically attractive mineral to recover.”

A number of major offshore exploration programs have been conducted in the Cagayan River Delta and shelf area with samples from a 2009 program showing the approximate mineralogical composition of the iron sands being 75 per cent magnetite (including hematite/titanium) and 25 per cent rock forming minerals.

A second exploration program, which was undertaken just over two kilometres from the offshore dredge area, showed that the average content of the magnetic fraction is 46.2 per cent at a seabed sediment depth of one metre, increasing to an average of 49 per cent at depths of three and 5.5 metres.

The iron (Fe) content recovered from select samples of the magnetite concentrates ranged from 53.6 per cent to 67.45 per cent.

Astra Managing Director Silvana De Cianni says the inferred resources outlined in the shelf area support Astra’s belief that the potential economic grades iron present in the dredging area will enable Astra to turn the Philippine iron sands project into a significant export business.

“The inferred estimate of magnetite-rich sand in surrounding areas using data from a previous offshore exploration program is about 12.98 billion tonnes, while magnetite-rich concentrate is about 4 billion tonnes,” Ms De Cianni says.

This estimate demonstrates the presence of a significant tonnage of magnetite-rich marine sand in the Cagayan River Delta and suggest there is significant potential for identifying additional magnetite-rich marine sand resources at further depths as well as laterally, which reflects positively on the vast potential of the dredging area granted to the CRCDC.

In preparation to implement its dredging contract, which was granted through the Provincial Government of Cagayan to assist in desilting the mouth of the Cagayan River Delta and its extension offshore, the CRCDC has actively prepared for the recovery of magnetite.

A concentrator plant has been positioned at its Port Irene area and concrete plans to transport and process the dredge material for magnetite have been made.

For the specific purpose of disposing the sand stone waste and residue and marketing the processed iron component of the sands, a separate subsidiary of Astra shall be incorporated in Hong Kong.

Astra Resources’ global portfolio includes gold interest in Southeast Asia, coal mines in Africa, iron ore in India and the Philippines, the production of the high-strength T-Steel technology in Hungary, and the provision of mining services housing in Rockhampton, Queensland.


Astra announce first step in acquisition of Central European steel mill


Adelaide, Australia – 11 January 2012:
International diversified resource company, Astra Resources (FWB Code 9AR) has received a letter of intent for the sale of the assets of a steel mill situated in the Central European region to Astra Resources.

It is intended that a sale and purchase agreement will be finalised in coming months, with the final acquisition of the steel mill including ownership of an energy supply company on the site, along with an integrated research and development centre where T-Steel will be further developed for special high reliability applications.

The energy supply company will provide power to the steel mill and other companies in the area, resulting in a separate profit centre.

The current plant infrastructure includes a five-stage ASEA-SFK ladle furnace and associated technologies suitable for the manufacture of premium grade steels.

Astra CEO Dr Jaydeep Biswas says finalising this acquisition will result in a major NPV addition to Astra.

“The proposed acquisition, which will be funded by Astra’s proposed prospectus capital raising or independent project finance from financial institutions who are currently dealing with the company, will place Astra in a prime position to be able to supply much sought after and extremely profitable premium quality steels to the European region, and also to other world markets,” Dr Biswas says.

“The steel types to be produced by steel mill will include the premium grade extra low carbon content stainless steel and premium grade, high category, high purity, high durability, ball bearing steels, amongst others.

“Major steel buyers have already requested steel off-take agreements, with Astra’s European subsidiary, Astra Mining Hungary, which is also currently conducting high level negotiations concerning the establishment of an integrated product manufacturing hub where the steel mill would have a financial interest in a number of key ‘green’ European transport infrastructure developments.

“These include railway infrastructure, such as the high speed running gear sub-assemblies and the manufacturing of rails, which will be suitable for speeds in excess of 160 kilometers per hour.

“The rail development projects are aimed at speeding up the movement of freight in the European region, resulting in a decrease of pollution and other environmental problems caused by road freight, and will be able to qualify for major European Union funding support.”

The steel mill is a prospective growth hub for the Central European region, with the steels produced by the mill utilised for the critical high stress, high usage, high mass components where 100 per cent reliability is demanded, such as automotive body and mechanical manufacturers.

Major steel suppliers to the automotive industry have openly acknowledged the quality of the steels produced by this steel facility in the past, and the expertise of the proposed technical staff.

Astra Managing Director Silvana De Cianni says the financial structure of the proposed assets purchase will allow Astra to operate the mill with a high quality, experienced labour force, headed by our key staff all of whom have decades of experience in high grade steel manufacturing..

“In doing so, operating costs will compare more than favourably with current low cost steel producers elsewhere in the world,” Ms De Cianni says.

The steel mill has a long history of producing high grade steels and a number of potential users have welcomed the planned re-opening of the factory, indicating their intention to purchase close to the full initial output of the plant.

Ms De Cianni says Astra has documentation to this effect, with these documents covered by non-disclosure and confidentiality agreements; however confirmations are expected in the very near future.

“One of the inherent benefits of the proposed acquisition of the steel mill is that it is the mill where the T-Steel technology was developed.

“Our key staff in Hungary, which include the senior metallurgists who spent over thirty years on the testing and development of the technology, have extensive experience operating the plant which is to be chosen by Astra to produce the premium category high grade steels as well as the T-Type steels.

“The initial and guaranteed market will serve as a parallel springboard for the quick introduction of the higher quality and more profitable T-Steel products.

“It is expected that major customers will be able to be fully converted to T-Steel within 12-24 months.”

The development of T-Type steels stretches back to the late 1970’s. Following initial secret laboratory research, the applications were entrusted to a number of senior and trustworthy metallurgists and engineers in a number of suitable steel plants.

The T-Steel technology was further developed in order to produce steels with even higher specifications than the standard, premium grade steels, but was never marketed under that name.

Further development in an actual manufacturing environment was carried out on a “no cost spared” basis, with the general directive that the quality had to be equal to or better than what was manufactured in the United States and Germany.

The complete data concerning the in-depth details of the particular steel manufacturing process, and the recipients, now forms part of the Intellectual Property of which Astra owns 45 per cent.

Astra will make available to potential investors and partners documents which describe the products that were manufactured using the initial T-Type technology, which can be produced today, in both older and newer factories without major capital expenditure.

It is proposed that following the finalisation of the acquisition, Astra will refurbish and further enhance the steel mill prior to bringing it back into operation.

Dr Biswas says the proposed acquisition, upgrading and refurbishment cost ratios are extremely favourable especially in comparison to either building or acquiring a new factory.

“Astra has the advantage of being able to receive quality returns on its proposed investment acquisition in a relatively short time because the plant will be able to resume production within 12-24 months after the acquisition is completed,” Dr Biswas says.

“In comparison to some other steel manufacturers, Astra has access to a large pool of engineers and metallurgists, all of whom have decades of experience in steel manufacturing in Germany, Hungary and other countries.

Astra is aiming to become the defining force in terms of competitive high quality steel producers both in Europe and other world markets as the steel mill will be manufacturing T-Steel products alongside the other, normal quality steels.

Astra Resources’ global portfolio includes gold interests in Southeast Asia, coal mines in Africa, iron ore in India and the Philippines, the production of the high-strength T-Steel technology in Hungary, and the provision of mining services housing in Rockhampton, Queensland.



Astra’s diverse product base and low-risk philosophy provides platform for robust business model


Adelaide, Australia – 13 December 2011:
International diversified resources company, Astra Resources Plc (FWB Code: 9AR), has announced its low-risk business model to reinforce its positioning as a major participant in the global resources market.

The primary focus of Astra’s business model centres on its revolutionary T-Steel technology, an area supported by worldwide activities in mining and related opportunities outlined below:

MD table


Overcoming the traditional business model
Astra CEO Dr Jaydeep Biswas says the company’s low-risk philosophy, backed by its vastly diversified project base, sets Astra apart from most resource companies currently in operation.

“Many companies focus on one particular area, such as the exploration, development, mining or export of one raw material, leaving them at the behest of buyers and market volatility,” Dr Biswas says.

“To compound this, companies at the exploration stage with a long pathway to revenue require substantial time and investment into geology, licensing and logistics infrastructure.

“The lack of financial resources available means this is not always achievable, resulting in companies attempting to sell these underutilised tenements to larger players.”

Strategic rationale to its low risk philosophy
Dr Biswas says the company’s mid-to-long term strategy to diversify its portfolio and ensure the company is financially robust means they have strategically identified a number of high value projects.

These include the production-ready mining of steel-related raw materials, exporting of high grade iron ore, hedging where possible commodity pricing risks with investments in precious metals mining, and investment into carbon-efficient technologies.

The development of strategic ancillary businesses in the mining and steel industries as well the company’s core focus, the globalisation of the commercially proven T-Steel technology, also play an important role in Astra’s diversification strategy.

Together with the future acquisition of a coal conversion IP, this portfolio of proven, game-changing technologies and assets in the steel and energy value chains in diverse locations, sets Astra apart from many other resource players.

High value project map
Dr Biswas says that by implementing Astra’s T-Steel technology, old and underperforming steel mills with low profitability can begin to produce high margin premium grade steels without major capital expenditure.

“Our dual strategy is to acquire and upgrade old plants for T-Steel production, and to license the technology worldwide,” Dr Biswas says.

“To capitalise on our plan, Astra is securing the supply chain of raw materials related to the production of steel.

“This enables Astra to create its own internal market, insulating us against fluctuating commodity prices. In effect, we have reduced our risk of business by hedging our business operations."

In order to keep initial set-up costs low and maintain Astra’s low-risk philosophy, all mining projects considered by the company must be logistically close to market, require minimal infrastructure infusion, are licensed or within 12 months of operation, and are in known resource areas where open-cut operations can take place.

Astra is actively seeking an appropriately priced coking coal mine in Australia, a major ingredient in steel making.

To this end Astra intends to develop key relationships with rural and indigenous stakeholders to ensure any such acquisition has local support, and is consistent with the company’s corporate social responsibility program to identify employment and training opportunities.

Astra further insulates itself against the risk of fluctuating commodity prices by actively seeking viable gold, silver and copper mining assets for acquisition.

A gold mine has been identified in the Ratanakiri Province in north east Cambodia, with geological reports on the site suggesting the area has the potential to host a world class Intrusion Related Gold System that may be developed into a significant open-cut, low-cost gold mine in line with Astra's low-risk selection criteria.

With similar systems overseas typically hosting between one and three million ounces of gold, opportunities such as these will play a pivotal role in hedging the commodity risk of the fluctuating US dollar value.

Business diversification worldwide to reduce risk
Astra’s Managing Director Silvana De Cianni says the company is well aware of the risks of focusing all their energies in one area.

“The growing number of participants in the resources industry combined with the recent financial crises in the US and Europe have led to a decline in profit margins and a stagnation of growth prospects within certain individual sectors,” Ms De Cianni says.

“Astra recognises the advantages of diversifying its mining operations and other associated businesses so we can cross-sell complementary products to improve our business risk profile and lower the company’s risk of volatility.

“With mining being cyclical in nature, the scope of Astra’s business activities allows the company to endure any individual resources downturn.”

Astra is seeking a project base that is diverse in both product and location with projects spanning from Australia and Hungary to Nigeria, Southeast Asia and India.

This includes developing 5,000 hectares of land in Rockhampton, Australia, to service the growing needs of the mining industry, the production of T-type steels in Hungary, thermal coal mining in Nigeria, gold excavation in Cambodia, and iron ore mining and exportation in Orissa, India, as well as other southeast Asian locations within close proximity to China.

By working in partnership with developing countries, regardless of location, Astra is able to maintain its long term diversification plan.

Green Technologies to Future-Proof the Business Model
Dr Biswas says Astra is also looking into a number of secondary opportunities that fit under the company’s technology platform, including carbon efficiencies, green technologies and coal conversion.

“These technologies are proven and commercial game-changers and not only hedge Astra’s commodity risk but also change the shape and cost structure of the end products in the value chain,” Dr Biswas says.

“This provides Astra with a substantial marketing and cost structure advantage.”

Astra has made headway with its green technologies interests through its 76% intended stake in Carbony Pty Ltd, a carbon dioxide reduction technology, and a majority interest in GreenGum, a patented rubber technology that provides carbon credits and large margins in converting waste from rubber tyres into fine and superfine rubber granules.

“While our green projects are at an advanced stage, the inclusion of coal conversion is something the company is also aggressively pursuing,” Dr Biswas says.

“Targeting a coal conversion strategy will enable countries with a heavy reliance on coal to use locally mined, usually poor quality, coal reserves for power generation.
"This has immediate effect in countries with a heavy reliance on coal imports which is unsustainable long term due to the expense and process of importing.

“Coal conversion technology will help turn low quality coal reserves into useable product."

Astra will continue to seek further opportunities that complement its diverse product base and low-risk philosophy.

Astra Resources’ global portfolio includes gold interests in Southeast Asia, coal mines in Africa, iron ore in India and the Philippines, the production of the high-strength T-Steel technology in Hungary, and the provision of mining services housing in Rockhampton, Queensland.



Astra Mining converts to a proprietary limited company


Adelaide, Australia – 5 December 2011:
Astra Mining Ltd, a wholly owned subsidiary of international diversified resources company Astra Resources Plc (Code: 9AR), has been converted to a proprietary limited company operating as Astra Mining Pty Ltd effective 1 December 2011.

The conversion follows the rollup of the shares in Astra Mining to Astra Resources in September 2011, following approval obtained from the shareholders at the company’s Extraordinary General Meeting on 15 June 2011, and the listing of Astra Resources Plc on the Frankfurt Stock Exchange on 28 September 2011.

The conversion of Astra Mining to a proprietary limited company will significantly reduce operational and compliance costs for the Astra group.

Astra Resources’ global portfolio includes gold and iron sands interests in Southeast Asia, coal mines in Africa, iron ore in India, carbon efficient businesses, mining housing developments in Queensland and the production of the high-strength T-Steel technology in Hungary.



Astra’s exploration into Nigerian coal moves ahead with Joint Venture signing and geological study


Adelaide, Australia – 1 December 2011:
International diversified resources company, Astra Resources (FWB Code: 9AR), has finalised a joint venture agreement and is undertaking a geological investigation into its Nigerian thermal coal sites.

The agreement, signed through Astra’s subsidiary Muyiwa Pte Ltd, gives the company a super-majority ownership of Barjalex Nig Ltd, an African company that owns a coal exploration license (10077EL) covering the Manejo and Odele communities in the Ika District of Ankpa Local Government in Kogi State, three kilometres south of Ogboyaga.

A geological study will soon commence and compare the licensed area with previous JORC standard reports for the Ogboyaga coal district as well as the pre-feasibility and costs for local mining and logistics for export and internal markets.

The resulting report on the geological investigation to be conducted should reveal an inferred estimation (JORC standard) of coal resource within the area and will also include proposed exploration drilling points for core drilling which will be required for ascertaining the Measured Resource estimation of the deposit.

Astra CEO Dr Jaydeep Biswas says undertaking these investigations will allow the company to complete one of the exploration exercises required for the fulfilling of a mining lease application.

“The geological investigation of the Barjalex coal properties is estimated to take 30 to 45 days with a total of five geologists,” Dr Biswas says.

“The study is prior to drilling and the exercise should be able to lead us to an inferred estimation of the coal resource within the area owing to the proximity of the site to the Ogboyaga coal field where previous studies for the area are available to support the work.

“Drilling will increase the geological confidence of the site to a proven reserve level and the work will form part of the report that will be used to assess the qualification of the Barjalex exploration licenses for a mining lease.”

Dr Biswas says Astra is one of only a handful of Australian companies exploring the Nigerian coal market.

“We are one of only a few resource companies to be active in the country, and our Barjalex exploration sites will create a beach-head for growth in a region which has the potential to host 800 million tonnes of thermal coal,” Dr Biswas says.

“The Nigerian government is focusing on developing coal-fired power plants and revitalising the coal mining industry due to the major underexplored and underexploited high quality coal resources in the area.

“The coal present in the district and surrounds of Nigeria is ideal for power generation and export into the international market as it is low in sulphur and ash, and high in calorific value.”

Astra Managing Director Silvana De Cianni says large coal reserves in the district and surrounding region can be developed into a highly economical mining venture.
“The site can initially be developed using surface mining technologies, however most of the coal will be exploited using highly productive longwall methods,” Ms De Cianni says.

“International geological and feasibility studies estimate that the total coal deposit in Nigeria is 2.6 billion tonnes, which will attend to the strong internal demand for coal with a major emphasis on local power generation.

“Due to its proximity, Nigeria is in a prime position to become a major player in the international traded coal market to Europe due to the sizeable international market for seaborne trade.”

The reports required for a mining lease application include geological studies, drilling and resource estimation, feasibility, mine plan, an environmental impact assessment and environmental management plan, all of which are underway.

Once completed the report of the geological study will be forwarded to the Ministry of Mines to form part of the reports to be used to assess the qualification of the Barjalex exploration licenses for a mining lease.

Astra Resources’ global portfolio includes gold and iron sands interests in Southeast Asia, coal mines in Africa, iron ore in India, carbon efficient businesses, mining housing developments in Queensland and the production of the high-strength T-Steel technology in Hungary.



Astra secures further iron ore trading licence for Joda and Barbil, India


Adelaide, Australia – 30 November 2011:
Astra Minerals Pvt. Limited, a subsidiary of Astra Resources PLC (FWB Code: 9AR), has secured an iron ore trading license for the Joda and Barbil areas in the Keonjhar district of the Orissa State in India.

This is the third of five trading licenses Astra is in the process of securing covering the main iron ore producing regions in Orissa to Paradip Port, where Astra holds a storage and export site.

Astra CEO Dr Jaydeep Biswas says securing this license is a further step towards turning its 5,000 square metre plot at Paradip Port into a major iron ore export province.

“Astra has already secured trading licenses covering the Koira Mining Circle in the Sundergarh district and the Jajpur Road Mining Circle in the Jajpur district,” Dr Biswas says.

“Securing a third trading license expands the company’s reach, allowing Astra to trade and transport self-mined and third party mined iron ore to Paradip Port for export into the international market while further developing our own mining operations for domestic use and export.

“Being one of the few companies with export licenses for iron ore, while also having possession of leasehold land at Paradip Port for storage and shipping, makes Astra a serious contender in the resources industry.”

A further two trading licenses are being applied for by Astra in the districts of Keonjhar and Cuttack in Orissa.

Astra Managing Director Silvana De Cianni says the trading licence allows Astra to obtain iron ore from the specified area and transport it to its plot at Paradip Port for storage and export.

“The plot size will allow Astra to trade and ship approximately 200,000 to 400,000 tonnes of iron ore per month, bringing a substantial income stream into the company,” Ms De Cianni says.

“Astra has already been granted an export license, and with arrangements already in place to buy iron ore from third party mines, trading can begin immediately.”
A number of other licenses are being applied for in numerous different regions in Orissa.

Astra Resources’ global portfolio includes gold and iron sands interests in Southeast Asia, coal mines in Africa, iron ore in India, carbon efficient businesses, mining housing developments in Queensland and the production of the high-strength T-Steel technology in Hungary.



Astra Signs Joint Venture for Philippine Iron Sands Project


Adelaide, Australia – 28 November 2011:
Astra Far East Pte. Ltd, a subsidiary of Astra Resources PLC (FWB Code: 9AR), has signed and confirmed a Joint Venture Agreement with Cagayan River Construction & Development Corporation (CRCDC).

The agreement establishes a Joint Venture for the purpose of dredging, developing and managing the iron sands reserves in the Cagayan River Delta located in the Cagayan Valley Region and off-shore in the North Eastern part of Luzon in the Philippines.

The Astra Group will maintain a super-majority of the Joint Venture entity in terms of equity and profit share entitlement, and is subject to Astra providing bond finance facilities for development and operation.

Astra CEO Dr Jaydeep Biswas says the dredging, developmental and mining permits that are currently allocated to CRCDC have now been assigned to the benefit of the Joint Venture.

“Third party reports including geological studies from CRCDC have been positive, indicating that the area is an established producing region that exports to nearby steel manufacturing markets in China, Korea and Taiwan,” Dr Biswas says.

“CRCDC has signed a Memorandum of Agreement with a Provincial Board in the Province of Cagayan, allowing the dredging of the Delta with the responsibility to dispose of the sand metal content and residue.

“The unusually high grade iron content is disposable through export and the residue is recyclable into other construction uses.”

Astra’s Managing Director Silvana De Cianni says the operation will be fully mechanised from river seabed dredging preparation, to suction and discharge to barges.

“Dredging experts will oversee this aspect of the project,” Ms De Cianni says.

“For the specific purpose of disposing the sand stone waste and residue and marketing the processed iron component of the sands, a separate subsidiary with Astra at the helm shall be incorporated in Hong Kong.”

Additional geological work and feasibility studies are being conducted in the area prior to finalising the funding from bond financiers.

The Philippine iron sands opportunity will provide Astra with a significant potential export business to China, Taiwan, and Korea at a time when India’s steel industry is growing exponentially and is providing a greater internal market for Astra’s operations in Orissa, India.

Astra Resources’ global portfolio includes gold and iron sands interests in Southeast Asia, coal mines in Africa, iron ore in India, carbon efficient businesses, mining housing developments in Queensland and the production of the high-strength T-Steel technology in Hungary.


Astra targets high margin steel products


Adelaide, Australia – 24 November 2011:
International diversified resources company, Astra Resources (FWB Code: 9AR), has committed to the production of high margin steel products such as ball bearing steel through its revolutionary T-Steel technology.


The premium grade steel, which includes the materials for the ball bearings, casing and rings, is used in higher than normal extreme specifications such as the aircraft industry, turbines and nuclear power plant components which demand an extremely high durability and 100 per cent reliable product, something which the T-Steel process can produce.


Astra CEO Dr Jaydeep Biswas says factories which manufacture premium category steels, equivalent to the T3 to T9 T-Steel categories, would be around 12 per cent of the total number of mills in operation.


“Not all of these mills are able to produce the high category of the ball bearing steels, so the ratio drops down to about six to eight per cent of the total number of mills in the market,” Dr Biswas says.


“We are aware of the commercial advantages of our position to manufacture high-grade ball bearing and other premium category steels and plan to make it a major component of our manufacturing strategy as it commands a premium price.”


Any factory producing the high durability, long life ball bearing steels has to meet very tough technical requirements, including advanced manufacturing methods and proprietary processes in order to produce 100 per cent fault free steels.


Astra recently increased its shareholding in the technology by 15 per cent, resulting in 45 per cent ownership of the T-Steel Intellectual Property.


The valuation model estimates that the project of global commercialisation of T-Steel technology has an NPV of €4.47 billion, assuming that the risk level of the project is in line with the industry average.


Astra Resources global portfolio includes gold and iron sands interests in Southeast Asia, coal mines in Africa, iron ore in India, carbon efficient businesses, and the production of the high-strength T-Steel technology in Hungary.


Astra meets stringent financial reporting requirements


Adelaide, Australia – 23 November 2011:
International diversified resources company, Astra Resources (FWB Code: 9AR), has continued to meet stringent financial reporting requirements through the signing off of an unqualified audit report by its auditors for its 100 per cent owned subsidiary, Astra Mining Ltd.

The audit report for the year ending 30 June 2011 of Astra Mining Ltd is important as it was this entity which was recently rolled up into the parent entity, Astra Resources PLC (including all of its Australian and international subsidiaries) prior to the listing of Astra Resources on the Frankfurt Stock Exchange.

Astra CEO Dr Jaydeep Biswas says the company’s unqualified audit report complies with International Financial Reporting Standards (IFRS) and confirms complete compliance with the Australian Corporations Act 2001.

“The financial statements and notes, as set out in the report, are in accordance with the requirements of the Corporations Act and comply with all appropriate accounting standards,” Dr Biswas says.

“As stated in the financial statements, the report on Astra constitutes explicit and unreserved compliance with IFRS and gives a true and fair view of the financial position of the consolidated group as at 30 June 2011.

Astra Resources' global portfolio includes gold and copper interests in Southeast Asia, coal mines in Africa, iron ore in India and the Philippines, and the production of the high-strength T-Steel technology in Hungary.


Astra reveals corporate strategy for future growth


Adelaide, Australia – 22 November 2011
International diversified resources company, Astra Resources Plc (FWB Code: 9AR), has revealed its corporate strategy for the company’s growth into the future.

The central planks of Astra’s business model are mining and related opportunities, and technology opportunities including the revolutionary T-Steel technology, both of which will enable the company to become a major player in the international resources sector.

Astra CEO Dr Jaydeep Biswas says the company’s mining focus includes direct involvement in the extraction of iron ore, gold and thermal and coking coal, as well as risk management strategies including secondary mining opportunities and mining services housing. The mining projects, which Astra is pursuing, are logistically close to market, are licensed or within 12 months of operation, require no major infrastructure infusion, and are in known resource areas and open-cut operations.

“We have established a number of primary mining opportunities for iron ore in India and iron ore sands in the Philippines, both which will provide benefits through supply to the market and for our own needs,” Dr Biswas says.

“The recent granting of trading licenses covering the main iron ore producing regions in India will allow Astra to trade and transport self-mined and third party mined iron ore to Paradip Port for export from our own storage and shipping site.

“We have also signed a memorandum of understanding for a world scale iron sands development in North East Philippines with the Cagayan River Construction & Development to establish a joint venture entity to manage and put to use the iron sands deposits in the Cagayan River Delta.”

Astra’s gold interests have recently been given a boost with a favourable report from the company’s well-respected geologist confirming that the Ratanakiri licence area in North East Cambodia has the potential to host a world class Intrusion Related Gold System that may be developed into a significant open cut low cost gold mine.

Dr Biswas says Intrusion Related Gold Systems have only been recognised in the last 12 years and have been shown to host some of the largest recently discovered gold deposits, with many similar systems typically hosting between one and three million ounces of gold.

Astra’s Managing Director, Silvana De Cianni, says the company’s opportunities in coal in Nigeria are some of the most exciting with the opportunity to secure the joint venture development for a thermal coal exploration license.

“Nigeria is struggling to meet the growing nation’s energy requirements using electrical power, resulting in a renewed focus on alternative energy sources,” Ms De Cianni says.

“As Nigeria has major underexplored and underexploited high quality coal resources, the Nigerian government is focusing on developing coal-fired power plants and in turn revitalizing the coal mining industry.

“The coal present in the district and surrounds of our license area is low in sulphur and ash, and high in calorific value making it ideal for power generation and export into the international market.

“This project creates a beach-head for growth in a region which has the potential of 800 million tonnes of thermal coal.”

Astra has developed a risk management strategy to underpin its primary mining activities with the provision of mining services housing, with an agreement in place with Dubai based facility management company, Janayen, which will include the development of Astra’s land holdings in Rockhampton, Queensland.

Technology, spearheaded by the revolutionary T-Steel, forms the second major part of Astra’s corporate strategy.

T- Steel is a technology that enables existing steel factories to produce steel with improved physical characteristics such as higher tensile strength, better machine ability and higher fatigue limits at a lower cost.

Dr Biswas says the development of T-Steel dates back to the late 1970’s where the applications were entrusted to a number of senior metallurgists and engineers in the then DAM Steel Works in Hungary.

“During initial development, which was carried out on a ‘no cost spared’ basis, the general directive was that the quality of the steel had to be equal to or better than what was manufactured in the United States and Germany,” Dr Biswas says.

“Astra owns a substantial interest in the Intellectual Property pertaining to this technology, has retained full management and control of the technology and retains a number of the experts involved in the original research and development.”

Astra recently increased its shareholding in the technology by 15 per cent, resulting in 45 per cent ownership. The valuation model estimates the global commercialisation of T-Steel technology has an NPV of €4.47 billion, assuming that the risk level of the project is in line with the industry average.

A number of secondary opportunities under Astra’s technology platform are carbon efficiencies, green technologies and coal conversion.

Astra is acquiring 76 per cent of Carbony Pty Ltd, the technology company that owns the intellectual property for a carbon dioxide (CO2) reduction technology that separates the CO2 and sulphur dioxide emissions produced by the combustion of carbon-containing matter.

The main targeted market for the CO2 reduction technology is the heavy industries where the carbon credits and carbon trading arrangements over the next ten years may force a major crisis in terms of taxes and operating and consumer costs.

Astra’s green technology project is Green Gum Technologies, a patented process that is able to produce fine rubber granules of 200 and 300 microns and superfine granules of 180 microns to 150 microns with a small carbon footprint and the ability to provide carbon credits.

The need for rubber granules in road building and road maintenance alone is expected to be in excess of 35,000 tons per year over the next five years with considerable use of the product throughout Europe.

Ms De Cianni says while both the CO2 reduction and green technologies are well advanced as part of Astra’s corporate strategy, the inclusion of coal conversion to the technology table was something the company was aggressively pursuing.

“The purpose of our coal conversion strategy is to develop the technology to allow the use of local low quality coal reserves for power generation in high demand countries,” Ms De Cianni says.

“Because of their quality these identified coal reserves cannot be used directly for power generation or use as coking coal.

“The technology will however help to develop these reserves to reduce the reliance and costs for high demand countries to import increasing amounts of coal from other producers.”

Dr Biswas says Astra’s corporate strategy focusing on intertwined mining and technology opportunities will ensure its growth well into the future.

Astra Resources global portfolio includes gold interests in Southeast Asia, coal mines in Africa, iron ore in India and the Philippines, the production of the high-strength T-Steel technology in Hungary, and the provision of mining services housing in Rockhampton, Queensland


Astra sign MOU for thermal coal site in Nigeria


Adelaide, Australia - October 21st 2011
International diversified resources company, Astra Resources (FWB Code: 9AR), has signed a memorandum of understanding (MOU) for a joint venture development of a thermal coal exploration license in Nigeria.


The MOU allows Astra’s subsidiary Muyiwa Pte Ltd to take super-majority ownership of African company Barjalex Nig Ltd, who owns a coal exploration license covering the Manejo and Odele communities in the Ika District of Ankpa Local Government in Kogi State, three kilometres south of Ogboyaga.

This exploration license covers an area of four square kilometres, which is expected to be expanded immediately to 12 square kilometres. A Joint Venture agreement is in the process of being drafted with the transaction recieving the full support of the local community.

A mining license is being applied for and logistical infrastructure for local demand and export are close to the site.

Astra CEO Dr Jaydeep Biswas says Nigeria is struggling to meet the growing nation’s energy requirements using electrical power, resulting in a renewed focus on alternative energy sources.

“Currently the transmission and distribution of electricity is not adequate for the country, and as Nigeria becomes more industrialized it is predicted to experience more frequent power failures and load-shedding, resulting in economic losses, damaged equipment and the need for expensive stand-by power,” Dr Biswas says.

“As Nigeria has major underexplored and underexploited high quality coal resources, the Nigerian government is focusing on developing coal-fired power plants and in turn revitalizing the coal mining industry.

“The coal present in the district and surrounds is low in sulphur and ash, and high in calorific value making it ideal for power generation and export into the international market.

“The Barjalex transaction creates a beach-head for growth in a region which has the potential of 800 million tonnes of thermal coal.”

With a population approaching 140 million, statistics indicate that Nigeria can be considered to have between 20 million and 25 million households.

Estimates of the minimum load demand or generating capacity indicate that the 10,000 MW of capacity targeted by the Federal Government of Nigeria is a reasonable reflection of the capacity necessary to satisfy the country’s actual needs for electricity supply in the near term, and that as electricity becomes available the demand can grow to over 15,000 MW.

Dr Biswas says if power becomes available and the population becomes more accustomed to modern conveniences, the “KW per household” factors will increase, further expanding the demand for electrical power.

“Even by conservative measures, the country appears ready to absorb the output from 10,000 MW to 15,000 MW of additional generation capacity during the next 20 to 25 years,” Dr Biswas says.

“In order to meet these needs, approximately 3.2 million tonnes of coal will be required per year for each 1000 MW of capacity.”

Astra Managing Director Silvana De Cianni says reports indicate there are 11 significant coal deposits in Nigeria.

“The large coal reserve that is present in the district and surrounding region can be developed into a highly economical mining venture, with required beneficiation of the coal being minimal. Astra has settled on this Joint Venture after assessing a number of options,” Ms De Cianni says.

“The site can initially be developed using surface mining technologies, however most of the coal will be exploited using highly productive longwall methods.”

Studies on the site suggest coal seam thickness ranging from 1.1 metres to 3.2 metres, with the main coal seam predicted to cover approximately 300 metres.

“International geological and feasibility studies estimate that the total coal deposit in Nigeria is 2.6 billion tonnes, and the sizeable international market for seaborne trade means Nigeria is in the position to become a major player in the international traded coal market to Europe, due to its close proximity,” Ms De Cianni says.

“The major emphasis on local power generation will also create a strong internal demand for coal.”

Astra Resources global portfolio includes gold and copper interests in Southeast Asia, coal mines in Africa, iron ore in India and the Philippines, and the production of the high-strength T-Steel technology in Hungary.

 

Astra Resources signs MOU on world scale iron sands development in the Philippines


Adelaide, Australia - October 13th 2011
International diversified resources company, Astra Resources, has signed a memorandum of understanding (MOU) for a world scale iron sands development in North East Philippines.


The agreement between Astra and Cagayan River Construction & Development Corporation (CRCDC), owned by businessmen Rocky Young and Valentino Acuzar, intends to establish a joint venture entity to manage and put to use the iron sands deposits in the Cagayan River Delta located in the Cagayan Valley region in the north eastern part of Luzon in the Philippines.

The Joint Venture is subject to final due diligence, including legal, independent geological reports and Astra Resources board approval.

Astra CEO Dr Jaydeep Biswas says third party reports including geological studies from CRCDC show that the area is an established producing region exporting to nearby steel manufacturing markets such as China, Korea and Taiwan.

Legal advice received by CRCDC advises that a Memorandum of Agreement (MOA), signed by CRCDC and the Province of Cagayan, allows immediate dredging of the delta and export of the iron sands.

Extension of this operation outside of the immediate delta into the shallow adjacent areas will require a future Mining License or Mineral Production Sharing Agreement (MPSA), with the legal advice on this opportunity also positive.

“The geological studies and extensive sampling further suggest that at dredging depths of 14 metres, well above 9 billion tonnes of iron sands, are available in the delta and adjacent areas with iron contents between 27 and 59% Fe, with an average of 46% Fe,” Dr Biswas says.

“The joint venture will start dredging a small part of this area under the MOA and extend when the MPSA is granted.

“The magnetite sands need to be washed and separated and production of 60% plus Fe sands for export is expected to result from 30 to 60% recovery rates of dredged sands depending on the layers to be dredged.”

The joint venture would give Astra a super-majority in terms of profit share interests and is dependent on Astra providing bond finance facilities to finance the development and operation.

Astra Managing Director Silvana De Cianni says the finance requirement to bring the project to fruition is low given its scale.

“The opportunity fits with Astra’s business model which focuses on the steel value chain, low infrastructure and logistics investment, low extraction costs, proximity to markets, licenses to operate being imminent and pathways to revenues being defined,” Ms De Cianni says.

“The operation would be fully mechanised supported by commercial dredging equipment and suction and discharge to barges.

“The external reports also advise that the separation technology is developed, proven and patented in Taiwan.

“This would be a fast-track entry into mining in the Philippines with future opportunities to develop assets in manganese, gold and copper.”

The Philippines iron sands opportunity provides Astra with a significant potential export business to China, Taiwan and Korea at a time when India’s steel industry is growing exponentially and is providing a greater internal market for Astra’s operations in Orissa, India.

Astra Resources global portfolio includes gold and copper interests in Southeast Asia, coal mines in Africa, iron ore in India, and the production of the high-strength T-Steel technology in Hungary.


Astra Resources secures iron ore trading license for India


Adelaide, Australia – October 12th 2011:
International diversified resources company, Astra Resources, has secured the first of four trading licenses covering the main iron ore producing regions in Orissa, India.

The licenses allow Astra to trade and transport self-mined and third party mined iron ore to Paradip Port for export from the company’s 5,000 sqm storage and shipping site.

Astra CEO Dr Jaydeep Biswas says securing this trading license, which covers the Koira District, in the city of Suhdargarh, to Paradip Port, is a major milestone for Astra.

“Astra can begin trading iron ore from third parties into the international market while further developing our own mining operations for domestic use and export,” Dr Biswas says.

“We are in the process of securing the remaining three licenses which will enable Astra to transform its land at Paradip Port into a major iron ore export hub.

“The remaining three licenses are in the districts of Jajpur, Sundergarh and Keonjhar.”

Although Orissa has a long coast line of 480km, Paradip is the major all weather port, with expansion plans only enhancing the accessibility of the port to internal and external exports.

Paradip has its own railway system and is connected to East Coast Railways and various other highways, enabling iron ore to be transferred to the port for storage and export with ease.

Work to modernize the existing port infrastructure has been agreed to, which will include deepening the approach and entrance channel, enhancing the draught at existing docks and extending the existing iron ore berth. There are also plans to install two 20 tonne shore cranes and improve national rail links to Paradip.

Astra Managing Director Silvana De Cianni says Astra’s land at Paradip Port is large enough to trade and ship approximately 200,000 to 400,000 tonnes of iron ore per month, bringing a substantial income stream into the company.

“Orissa has some of the largest iron ore reserves in the world and does not have the same infrastructure issues as mining in many other places,” Ms De Cianni says.

“Once trading conditions become fully regulated Orissa will become a huge player in the international iron ore market.

“Orissa has unlimited potential and will garner a lot of momentum as it is close to China, who are a potential customer for the high grade iron ore reserves, meaning freight costs are lower and profits will in turn be higher.”

The trading license allows Astra to procure iron ore in the specified area and transport it to Paradip where it can be exported. Astra has already been granted an export license.

Dr Biswas says arrangements are already in place to buy iron ore from third party mines with Astra to utilise its trading license to transport it to Paradip Port for export.

“The huge advantage we have is we are further up the value chain, rather than just receiving iron ore on the ship, we are able to mine or purchase as well which is more profitable for the company,” Dr Biswas says.

A number of other licenses are being applied for in numerous different regions in Orissa.

Astra Resources global portfolio includes gold and copper interests in Southeast Asia, coal mines in Africa, iron ore in India, and the production of the high-strength T-Steel technology in Hungary.


T-Steel background released to market


Adelaide, Australia – October 5th 2011:
International diversified resources company, Astra Resources, has released information on the history of the production and commercial use of its innovative T-Steel product.

T- Steel is a revolutionary technology that enables existing steel factories to produce steel with improved physical characteristics such as higher tensile strength, better machine ability and higher fatigue limits at a lower cost.

Astra CEO Dr Jaydeep Biswas says the development of T-Steel dates back to the late 1970’s where the applications were entrusted to a number of senior metallurgists and engineers in the then DAM Steel Works in Hungary.

“During initial development, which was carried out on a ‘no cost spared’ basis, the general directive was that the quality of the steel had to be equal to or better than what was manufactured in the United States and Germany,” Dr Biswas says.

“Astra, through its subsidiary Astra Steelworks, owns the Intellectual Property pertaining to this technology and a number of the experts involved in the original research and development.”

Astra Managing Director Silvana De Cianni says that the various applications of the range of steels span a gamut of industries where improved mechanical properties, such as hardness and longer life cycle, are constantly strived for.

“The industrial applications include, but are not limited to, the production of modern train running gear, steam turbine components, shipbuilding, the automobile industry and high demand engine components,” Ms De Cianni says.

“The mechanical properties of these steels are cumulatively enhanced by implementing the T-Steel technology, which involves exactly defined parameters, ancillary operations and alloying processes which are used during the manufacturing process.”

The required processes were achieved after lengthy development, testing and trials during the manufacturing operations, which occurred over a thirty year period.

“High demand and high stress industries, where resistance against fatigue and dynamic demand are essential, are areas where T-Steel will have immediate effect,” Ms De Cianni says.

“One of the many advantages to implementing this technology is that existing factories can produce the higher quality T-Steels without having to spend excessive amounts of money upgrading their equipment.

“A particular type of steel can also be improved to such an extent that it can easily move up into the next special category without a huge increase in the manufacturing cost and thus be sold into a premium market with a premium price tag.”

To see images of the actual examples of steel manufactured using the T-Steel technology, click here.

Astra recently increased its shareholding in the technology by 15 per cent, resulting in 45 per cent ownership of the T-Steel Intellectual Property.

The valuation model estimates that the project of global commercialisation of T-Steel technology has an NPV of €4.47 billion, assuming that the risk level of the project is in line with the industry average.

Astra Resources global portfolio includes gold and copper interests in Southeast Asia, coal mines in Africa, iron ore in India, and the production of the high-strength T-Steel technology in Hungary.


 

Astra Resources list on Frankfurt Stock Exchange


London, UK – September 30th 2011:
The UK parent company of Astra Mining, Astra Resources PLC (Code: 9AR), a global diversified mining company, listed on the Frankfurt Stock Exchange today at €1.50.

Astra’s primary focus is to satisfy the expanding resource demands of the world’s largest urbanizing nations, China and India, including securing the supply chain of the raw materials related to the steel industry, including iron ore, coal, gold and other raw materials.

The company is also strategically positioned to capitalise on delivering efficiencies from the steel making process, a high demand sector in both these markets.

Astra CEO Dr Jaydeep Biswas says the listing on the Frankfurt Stock Exchange is a major step forward for the company.

“After meeting the requirements of the Deutsche Börse, our listing will enable Astra to raise capital to expand our projects internationally and foster the company’s

“This listing is a major milestone for the company and something we have been working hard towards achieving.

“The Frankfurt Stock Exchange is one of the world’s largest trading exchanges and provides access to global capital markets, so all these factors make it an attractive option to become a publicly listed company on this exchange.”

Astra will prepare a prospectus in the coming months and are in negotiations with Minevest USA to underwrite the capital raise of approximately €1 billion through their own network and associated international banks.

Astra managing director, Silvana De Cianni, says the minimum issue price of the prospectus as advised by Minevest could be €1.50, but potentially higher.

“Between now and issuing our prospectus, we will be raising equity capital by placing company-owned treasury stock and allocations to stockbroking firms,” Ms De Cianni says.

“We have a number of projects at various stages of development, including our 45 per cent stake in the revolutionary T-Steel, so capital raised will go directly towards progressing these ventures.

“Through our listing and ongoing capital raising we expect Astra Resources to become a major player on the global resources stage in a short amount of time.”

Astra Resources global portfolio includes gold and copper interests in Southeast Asia, coal mines in Africa, iron ore in India, and the production of the high-strength T-Steel technology in Hungary.


Astra confirms Deutsche Börse ticker code


Adelaide, Australia – September 13th 2011
Astra Mining, a global diversified mining company, through its parent Astra Resources PLC, has fulfilled the requirements of the Deutsche Börse to list on the Frankfurt Stock Exchange.

As such Astra Resources PLC has been allocated the market ticker code 9AR.

This allocation takes Astra Resources one-step closer to imminent listing with an expected opening price of €1.50 and should be listed within the next couple of weeks.

Astra Mining’s global portfolio includes gold and copper interests in Southeast Asia, coal mines in Africa, iron ore in India, and the production of the high-strength T-Steel technology in Hungary.


Astra announces substantial increase in ownership of T-Steel


Adelaide, Australia – September 9th 2011
Astra Mining, an Australian diversified mining company, has confirmed that its shareholding in Astra Steelworks has increased by 15 per cent, resulting in 45 per cent ownership of the T-Steel Intellectual Property (IP).

The increase, obtained through a share transfer of Astra Steelworks Ordinary Shares, has occurred between BPS International Pty Ltd and Astra Mining Ltd.
Astra Mining’s CEO Dr Jaydeep Biswas says this has resulted in Astra Mining becoming the major owner of the technology pertaining to the manufacture and development of T-Steel. Astra Mining previously had, and still maintains, full operational and management control of the T-Steel technology.

“The T-Steel technology has been assessed through numerous independent reports, and the dominant opinion is that this has the potential to be Astra Mining’s largest and most profitable project,” Dr Biswas says.

“It is therefore in Astra Mining’s best interest to become the major owner of the T-Steel IP.

“It is estimated that the project of global commercialisation of T-Steel technology has an IP valuation of EUR4.47bn (A$6.3bn) in terms of NPV, assuming that the level of risk is in line with industry average."

This makes Astra Mining’s share valued at EUR2.01bn (A$2.84bn), based on the 45 per cent IP ownership.

Astra Mining’s global portfolio includes gold and copper interests in Southeast Asia, coal mines in Africa, iron ore in India, and the production of the high-strength T-Steel technology in Hungary. Astra Mining has also confirmed its plans to list on the Frankfurt Stock Exchange in early October.


Astra Mining confirms shares roll up into Astra Resources


Adelaide, Australia – September 6th 2011
The Board of Directors of Astra Mining Ltd, an Australian diversified mining company, wishes to advise that the rollup of the Company’s shares to Astra Resources PLC has taken place following confirmation that the listing of the PLC on the Frankfurt Stock Exchange will occur by early October 2011.

The Board of Astra Mining Ltd continues to offer a substantial allocation of ordinary shares at $0.50 each in the pre-listed company, which will be accepting share allocations from Sophisticated Investors prior to the proposed listing.

The shares will be rolled into Astra Resources PLC upon its listing, with such shares to be held in escrow for a period of 12 months.

Any applicants for shares will confirm that they have previous experience in investing in financial products, and that such applicants will comply with the provisions of section 708 of the Corporations Act 2001 (Cth).


Astra Mining receives letter of intent for purchase of T-Steel products


Adelaide, Australia – September 5th 2011
Astra Steelworks Pty Ltd, a subsidiary of Astra Mining, has received a letter of intent from FÉMIKSZ, a wire manufacturing and nail producing company in Hungary, to purchase steel products manufactured using the T-Steel technology.

The amounts planned for purchase, upon an acceptable negotiated price, include 35,000 ton per annum of the grades produced according to the T1 and T2 technologies and 500 ton per annum from the grade produced according to the T7 technology.

Astra Mining CEO Dr Jaydeep Biswas says the many advantages of the T1 to T9 first grade steels were the driving force behind FÉMIKSZ’s decision to approach Astra.

“Astra has commissioned several thorough reports that conclusively support the numerous benefits of the first grade steels produced using the T-Steel technology, when compared to traditional steels.” Dr Biswas says.

“The production of T-Steel involves special and specific production processes which include micro alloying technology and the results are much improved physical characteristics such as higher tensile strength, better machinability and higher fatigue limits.

“Considerable savings can be realised during the manufacturing process in terms of manufacturing costs versus energy input and reduced CO2 emissions by up to 50 per cent.”

Founded in 1994, FÉMIKSZ is a privately owned company with a stable and well established profitable business that has a long history of manufacturing products for the local Hungarian, French, German, Austrian, Italian and Dutch markets.

With a focus on processing roll wires, manufacturing hard, semi-hard and soft wires and various grades of special nails, the manufacturing facility has substantial yearly capacities and projected gross revenue in excess of 4 million euros (AUD$5.5 million).

FÉMIKSZ also aims to diversify its product line and break into new markets by the introduction of T-Steels.

Astra’s managing director, Silvana De Cianni, says one of the most significant factors in the application of the T-Steel technology is that factories already producing certain steels, for example stainless steels, do not necessarily require expensive upgrades and investments in extra equipment should they wish to introduce the technology.

“T-Steel technology aims to make it possible to deliver the most economic benefits to standard, construction-oriented “average” or older steel mills, who would be able to manufacture a number of T-Steel products cost effectively, and thus enter different and more profitable markets,” Ms De Cianni says.

“Astra has also released details of a high end technology contained in the IP owned by Astra which contains the production specification and manufacturing technology of premium grade, high category, high purity, high durability, long life, ball bearing steel, suitable for applications for aerospace industries and nuclear plant components and turbine manufacturing.”

A full technical appraisal of the T-Steel technology by FÉMIKSZ can be downloaded here.

Astra Mining’s global portfolio includes gold and copper interests in Southeast Asia, coal mines in Africa, iron ore in India, and the production of the high-strength T-Steel technology in Hungary. Astra has also confirmed its plans to list on the Frankfurt Stock Exchange in early October or soon thereafter.



Astra Mining finalises its move towards listing on the Deutsche Börse


Adelaide, Australia – August 16th 2011
The Board of Directors of Astra Mining Ltd, an Australian diversified mining company, has asked its corporate advisors (Stepping Stone Equity and Gebo Equity Management) to finalise the listing process, in conjunction with their German market maker (Renell Wertpapierhandelsbank AG) and place the company's shares on the Frankfurt Stock Exchange.

The company will now begin the rollup of shares into Astra Resources PLC which is expected to list by the end of September 2011 on the Deutsche Börse as approved in the recent EGM of Astra Mining Ltd shareholders.

The corporate advisors have reconfirmed that the listing of the company on the Frankfurt Stock Exchange is unconditional and requires no prospectus to be issued. The company plans to issue a global prospectus post – listing as part of its further capital raising endeavours.

Astra Mining's global portfolio includes gold and copper interests in Southeast Asia, coal mines in Africa, iron ore in India, and the production of the high-strength T-Steel technology in Hungary.


Astra Mining to acquire Green Gum Technologies


Adelaide, Australia – August 9th 2011
Astra Mining, an Australian diversified mining company through its subsidiary Astra Innovations Pty Ltd, has signed a deed of assignment with Sino Bay (BVI) Ltd to acquire all of its right, title and interest in Green Gum Technologies, a Hungarian renewable energy technology company operating in the area of waste recycling of rubber into high value products.

The deed of assignment is in the process of settlement and will result in Astra Innovations Pty Ltd holding 76 percent of the issued share capital of Green Gum Technologies.

Green Gum Technologies is the owner of the intellectual property for the innovative technology relating to the production of rubber granules for a range of commercial and industrial applications.

Green Gum owns a factory in Western Hungary, approximately 150Km from Budapest and 130Km from Vienna, which is intended to be production in October this year.

The patented process is able to produce fine rubber granules of 200 and 300 microns and superfine granules of 180 microns to 150 microns with a small carbon footprint.

Astra Mining CEO Dr Jaydeep Biswas says one of the main advantages of the technology is the process uses substantially less energy for the production of fine granules than the traditional methods that utilise nitrogen freezing or high-pressure water.

"Other competitive processes to this technology already in use have high energy requirements and are unable to produce such high quality granules with such a low carbon footprint," Dr Biswas says.

"The granule products are used in a range of industrial base materials and may be a substitute in the rubber industry, as a filler in the paint industry, and for the substitution of plasticisers in the plastic industry."

The sale price of the granules in these premium industries is expected to exceed 600 Euros per ton, and for certain applications such as rubber manufacturing in excess of 1,500 Euros per ton with net margins as high as 50 percent of the sale price.

The plant will be able to produce over 15,000 tons per year, once the machinery installation is complete. The interest shown in the product suggests that 25,000 tons per year will be required in 2012 and possibly up to 30,000 tons soon after.

Astra's managing Director, Silvana De Cianni, says apart from the green credentials of the product, it can also help in the reduction of the use of petroleum in rubber manufacturing.

"Most synthetic rubber is created from two materials, styrene and butadiene, which are both currently derived from petroleum," Ms De Cianni says.

"High quality rubber granules can decrease the requirement for the petroleum based materials in the manufacture of synthetic rubber.

"They are also very useful in the plastics manufacturing processes as only high quality granules which are extremely fine and have special bonding properties can be used.

"The recycling of rubber is currently limited by the quality of the input and the Green Gum process makes it possible to greatly increase the use of all types of scrapped rubber."

Astra has identified the road base market in Europe as another immediate market for the product.

The sale price for this application directly relates to the bitumen market, which at the moment is approximately 500 Euros (AUD$660) per ton with the initial sale price of the rubber granules to be around 360 Euros (AUD$480) per ton.

Road building companies in Sweden and Austria have already expressed interest in using large amounts of the Green Gum product, while a German company that manufactures automotive cabin components is also considering the technology.

The need for rubber granules in road building and road maintenance alone is expected to be in excess of 35,000 tons per year over the next five years with considerable use of the product throughout Europe.

Astra is planning to increase the production capacity of the plant by 33 percent in the near future to meet this demand.

Astra Mining's global portfolio includes gold and tin interests in Southeast Asia and southern India, coal mines in Australia and Africa, iron ore in India and Africa, and the production of the high-strength T-Steel technology in Hungary.

Astra has also confirmed its plans to list on the Frankfurt Stock Exchange before the 31st of August or soon thereafter.


T-Steel top of the table in its product class


Adelaide, Australia – August 5th 2011
Astra Mining, an Australian diversified mining company, has released new technical and economic data for its revolutionary T-Steel product.

T-Steel types range from structural steel (T1) through to premium grade, high category, specialised steels (T9).

Astra Mining CEO Dr Jaydeep Biswas says the T-Steel range consists of premium category steels within specific steel families that have a demonstrated price-to-performance advantage over other steel products.

"One of the most important factors in the implementation of the T-Steel technology is that factories which cannot afford multi-billion dollar investments in new equipment are able to manufacture higher quality steels using existing factory infrastructure with relatively minor capital investment," Dr Biswas says.

"These average factories are therefore able to enter markets where they can sell a premium category steel, for example T5, and increase their sales and hence profits."

Astra Steelworks Ltd, which is part of the Astra Mining group, is planning to start the production of high-quality steels based on highly specialized processes and special alloying technologies invented over a 30-year period in Hungary.

The end product, T-Steel, has numerous advantages over the production of regular steel types including substantial yield savings, a reduction in alloys used, significant savings in energy used and advanced properties when compared to most HSLA steels.

Astra's managing director, Silvana De Cianni, says the viability of the T-Steel technology is underpinned by the numerous industrial applications of the steels produced.

"These applications include low carbon content stainless steels, non-alloyed construction steels, case hardened alloyed steels and ball bearing steels," Ms De Cianni says.

"As an example there are a number of top German steel mills which produce rails for various rail systems and sell these at a premium price.

"Comparable quality rails can be produced by the T-Steel process with a lower grade steel through a less prestigious factory, say in Hungary, and sold at a similar premium."

The attached table documents the complete product breakdown of the various T-Steels.

Click here to view the table

Astra Mining's global portfolio includes gold and tin interests in Southeast Asia and southern India, coal mines in Australia and Africa, iron ore in India and Africa, and the production of the high-strength T-Steel technology in Hungary.

Astra has also confirmed its plans to list on the Frankfurt Stock Exchange before the 31st of August or soon thereafter.


Astra Mining announces the imminent acquisition of renewable energy opportunities


Adelaide, Australia – July 27th 2011
Astra Mining, an Australian diversified mining company, has today announced the proposed acquisition of two renewable energy opportunities.

Both opportunities are driven by technology advancements and include a green rubber granule manufacturing technology that is near ready for production and another that is in development for CO2 reduction from emissions from industrial plants.

Astra Mining CEO Dr Jaydeep Biswas says both opportunities fit within the company's recently released renewable energy policy to provide carbon credits for Astra as well as being sustainable profit making enterprises in their own right.

"The company is working to ensure renewable energy plays a growing part of our business model and these opportunities will help create a commercial renewable energy enterprise within Astra," Dr Biswas says.

"The green rubber granules manufacturing technology makes it possible to greatly increase the clean and environmentally friendly utilization of scrapped rubber, while the CO2 reduction technology can separate off CO2 and SO2 gases in an energy efficient and cost effective manner."

Green Gum Technologies, the green rubber granules manufacturing technology, is a patented process that is able to produce fine granules of 200 and 300 microns and superfine granules of 180 microns to 150 microns.

The production has a small carbon footprint as no freezing or other energy intensive processes are used and the current production level in Europe is 15,000 tons of low-grade rubber granules, which is grossly inferior in quality to this new technology.

The need for road building and road maintenance alone is expected to be in excess of 35,000 tons per year over the next five years with considerable use of the product throughout Europe.

Astra's managing director, Silvana De Cianni, says issues concerning CO2 emissions are high on the agenda worldwide, and the opportunity using the CO2 reduction technology will allow Astra to take advantage of an important and emerging market.

"The CO2 reduction technology is based on a specially designed heat exchange unit, which functions as a reactor that separates the CO2 and SO2 gases in an energy efficient and cost effective manner," Ms De Cianni says.

"The process involves steps that repetitively recycle the solvent and CO2 in the system to reduce unnecessarily emitting excess CO2.

"The use of this reactor will allow Astra to separate the CO2 and SO2 in a range of electricity generation or manufacturing plants by simultaneously reducing CO2 emissions and SO2 emissions produced by the combustion of carbon-containing matter."

The main targeted market for the CO2 reduction technology is the heavy industries where the carbon credits and carbon trading arrangements over the next ten years may force a major crisis in terms of taxes and operating and consumer costs.

Astra Mining's global portfolio includes gold and tin interests in south east Asia and southern India, coal mines in Australia and Africa, iron ore in India and Africa, and the production of the high-strength T-Steel technology in Hungary.

Diversification of the Hungarian portfolio into renewable energy is consistent with a hub-and-spoke growth model for Astra, from an initial market entry and corporate base (T-Steel).

Astra has also confirmed its plans to list on the Frankfurt Stock Exchange before the end August or soon thereafter.


Astra Mining releases renewable energy policy


Adelaide, Australia – July 21st 2011
Astra Mining, an Australian diversified mining company, has today released a renewable energy policy following a resolution at its recent Extraordinary General Meeting.

Astra's CEO Dr Jaydeep Biswas says the company recognises that as more and more governments around the world commit to increasing the amount of energy generated by renewable sources, there will be a proportional increase in the number of opportunities for the economically viable commercialisation of renewable energy opportunities.

"As such Astra is working to ensure renewable energy plays a growing part of the company's business model," Dr Biswas says.

"With the emerging green opportunities and a shareholder mandate, Astra Mining has already made some headway into this area through our 30 percent stake in the CO2 reduction technology for the revolutionary steel product, T-Steel."

Apart from the new opportunities provided through T-Steel and the reduction of CO2 emissions in steel production, Astra will also be investigating other areas of renewable energy to augment its existing projects.

Astra's managing director, Silvana De Cianni, says this will include, but is not limited to opportunities in biofuel, CO2 capture, biomass, energy efficiency for industry, waste processing to useable products and organic farming methods.

"There are already a number of opportunities through the company's existing projects in Hungary, Africa, India, southeast Asia and Australia that can dovetail with renewable and green energy requirements," Ms De Cianni says.

"Astra Mining's business model of working with strategically located resource partners to service the robust demand from the world's major urbanisation growth markets of China and India means renewable energies will increasingly play a part in the ongoing expansion of the company."

To see the policy go to the website


Astra Mining's operations unaffected by carbon tax


Adelaide, Australia – July 12th 2011
Astra Mining, an Australian diversified mining company, says its operations will be largely unaffected by the carbon tax announced by the federal government on Sunday.

Astra CEO Dr Jaydeep Biswas says that due to the company's focus in developing countries and the CO2 reduction benefits of its revolutionary steel product, the company could even stand to benefit from the introduction of the tax in the long-term.

"While the carbon tax will have a direct impact on the mining sector locally, most of our mining projects are based in countries where carbon tax is a lower burden," Dr Biswas says.

"Our coking and thermal coal export project opportunities in Australia will be used for steel mills overseas to produce our revolutionary steel product, T-Steel, so even though we will have a carbon burden here we can potentially offset this through this innovative steel production technology.

"We all agree for the need to reduce our carbon footprint, however Astra believes the answer lays in developing new technologies such as T-Steel rather than a sledgehammer approach like the introduction of a new tax."

Astra's T-Steel technology is significantly stronger than regular steel and provides vast production, operational and environmental benefits.

The basic product, which includes the use of unique alloy based formulas invented over a 30 year period in Hungary, is based on a process which can modify the metallurgical properties of steel at a molecular level. Astra has taken the opportunity with the devolution of the Eastern bloc countries to acquire the technology and roll it out globally.

"T-Steel can be produced by existing steel mills with little or no retrofitting needed, however this can only be done if the mills have access to the T-Steel technology and the correct steel plant operation conditions," Dr. Biswas says.

A recent independent verification of the steel's unique properties was delivered last month from one of the University of Miskolc's leading metallurgical engineers, Professor Emeritus Dr. Farkas Otto.

The expert opinion on a study into the preparation of the production of T-Steel confirms it has better qualities compared to traditional steels and also confirms the CO2 emission in its manufacture can be up to two times less than with traditional steel making technologies, reducing a manufacturing plants carbon footprint.

Astra's managing director, Silvana De Cianni, says the company is also pursuing a proactive policy to investigate renewable and green energy as part of its global portfolio.

"At our recent EGM the shareholders approved Astra Mining to expand its current business activities to include an environmental and renewable energy focus," Ms De Cianni says.

"We are an innovative resources company proactively investigating green energy opportunities as part of our business plan to create value for our shareholders, consistent with long-term plans of Astra.

"We are currently working on a renewable energy policy for the company and will shortly announce this along with a number of other CO2 reduction projects driven by technology advancements."

Astra Mining's global portfolio includes gold interests in south east Asia, coal mines in Australia and Africa, iron ore in India and Africa, and the production of the high-strength T-Steel technology.

Astra has also confirmed its plans to list on the Frankfurt Stock Exchange before the end of August.


Astra Mining wins government tender for land on Paradip Port


Adelaide, Australia – July 7th 2011
Astra Mining, an Australian diversified mining company, has won a government-owned port trust tender to take possession of approximately 5,000 square meters of leasehold land on Paradip Port in Orissa, India, for export of iron ore.

Astra is one of the few companies with export licences for iron ore, while also having possession of leasehold land at Paradip Port for storage and shipping.

Issuing of trading licenses is imminent as only lease holders are entitled to get an unrestricted trading license with Astra awarding the Stevedore contract to JM. Baxi & Co in Orissa.

Astra CEO Dr Jaydeep Biswas says winning the tender allows the company to trade iron ore from third parties into the international market while developing its own mining operation for domestic use and export via Paradip port.

"This plot size allows Astra to trade and ship approximately 200,000 to 400,000 tonnes per month of iron ore as trading margins are significant with logistics now in place," Dr Biswas says.

"Future plot acquisitions will be considered as the business grows as there will be minimum annual throughput criteria on each piece of leasehold land at the port.

"International buyers will now have the opportunity to buy iron ore through an Australian company that has a strong focus on good management and modern processes for trading and export which will shortly be extended into the value chain and profit margins related to iron ore mining.

Although Orissa has a long coastline of 480km, Paradip is the major all weather port, with expansion plans only enhancing the accessibility of the port to internal and external exports.

Paradip has its own railway system and is connected to East Coast Railways and various other highways, enabling iron ore to be transferred to the port for storage and export with ease.

Work to modernize the existing port infrastructure has been agreed to, which will include deepening the approach and entrance channel, enhancing the draught at existing docks and extending the existing iron ore berth (to handle vessels of 125,000 DWT size). There are also plans to install two 20 tonne shore cranes and improve national rail links to Paradip.

Astra managing director Silvana De Cianni says the development of the port will mean existing bottlenecks in the logistics will be a thing of the past.

"We hope in the future that we are able to enter the steelmaking business in Orissa by acquisition using our own iron ore mines for raw materials, which with port access allows us to import Australian coking coal and also allows Astra to introduce the T-steel technology into India," Mrs De Cianni says.

"Aside from its inherent strength properties, T-Steel also provides a vast array of production, operational and environmental benefits including reduced volumes of raw materials used (coking coal, iron ore), reduced CO2 emissions, reduced cost of alloys, better physical properties and reduced heat treatment during manufacturing."

While there are some similarities in terms of geology of Orissa and Western Australia, the situation is completely different when it comes to iron ore mining.

"Orissa is profitable as a boutique mining operation at low volumes as Astra is buying and expanding existing mining leases where much of the required infrastructure is already in place," says Dr Biswas.

"For new inland mines in geographies such as Western Australia the issue of distance and the logistics costs of infrastructure require large volumes of resources to be mined to offset the capital costs of mining, constructing or maintaining access to railways, ports and other necessary infrastructure.

"Due to existence of infrastructure, Astra believe that mining in Orissa will be a highly profitable venture that will enhance our global reach."

Orissa bears high grade (+61%Fe) iron ore deposits which have the potential to offer extremely profitable mining opportunities.

The presence of generally high grade iron ore results in reductions over all costs of operation, as beneficiation and blending does not have to be carried out. Most of the ore that is mined is direct shipping ore.

Paradip Port is open to all for export of iron ore and, depending upon the scale of operations. The Free On Board cost at Paradip generally tends to be around US$80/tonne, but could be as high as US$100/tonne. This amount will vary depending on the scale of the mining operations, local taxes, transport logistics and several other variables which impact mining cost.

To read the full executive summary of Orissa iron ore completed by Salva Resources click here

Astra Mining's global portfolio includes gold and tin interests in south east Asia and southern India, coal mines in Australia and Africa, iron ore in India and Africa, and the production of a new high-strength steel technology.



Astra Mining confirms Frankfurt exchange listing


Adelaide, Australia – June 15th 2011
Astra Mining, an Australian diversified mining company, has confirmed its intention to list on the Frankfurt Stock Exchange at an Extraordinary General Meeting held today.

A resolution was passed that will see the shareholders in Astra Mining roll their shares into Astra Resources PLC, a UK public listed company, and seek a listing date.

The listing is unconditional and a listing date will be chosen to maximise the share price, expected between 18th July and 31st August 2011.

The time frame will also enable the directors to deliver an additional increase in the value of the shares by raising capital prior to the listing so as to create a more successful IPO.

Astra CEO, Dr Jaydeep Biswas, says the move is designed to ensure the company is able to continue to successfully operate on a global scale and comes at a pivotal point in time.

"Astra has a number of interests in the resources sector spanning four continents and our listing on one of the world's largest trading exchanges gives the company incredible exposure and access to 35 percent of the world's investment capital," Dr. Biswas says.

"We're on the cusp of concluding our interests in several projects including joint ventures to produce gold and coal which will both add enormous value to the equity base of the company.

"We are also developing positions in high–grade iron ore mining and trading which puts us in a unique low–cost supply position for the steel manufacturing industry which we are also heavily involved in.

"As such we believe we should use this momentum to list to create further forward trajectory for the company which will allow us to become a leading worldwide resources group."

The company first signalled its intentions in early May with an announcement it had signed a listing agreement with two corporate advisory firms to assist with the admission process.

The EGM's other resolutions include a share swap on a one-for-one basis for every share held by the shareholders in Astra Mining in exchange for one founders' share in Astra Resources PLC, and that these shares issued in Astra Resources PLC would be held in escrow for 12 months.

Shareholders also approved the appointment of Dr. Biswas and Ms Silvana De Cianni as directors of Astra Resources PLC and for the company to expand its current business activities from the operation of steel, iron ore, coal, gold and mining house services to include additional activities of oil, gas, energy, environmental and health services and the provision of all raw materials used in the process and products of steel making.

Corporate advisors GEBO Equity Management and Stepping Stone Equity have been retained to manage the Frankfurt Stock Exchange listing.

Founded over 400 years ago, Deutsche Borse's Frankfurt Stock Exchange is the world's third largest trading exchange, ranking only behind the New York Stock Exchange (NYSE) and NASDAQ, and is home to public companies from more than 80 different countries.

Astra Resources' global portfolio will include gold and tin interests in south east Asia and southern India, coal mines in Australia and Africa, iron ore in India and Africa, and the production of a new high-strength steel technology.


Astra Mining Ltd to Enter into Joint Venture Agreements with Vietnamese Groups.


Adelaide, Australia – May 17th 2011
Astra Mining Ltd, through its wholly owned subsidiary, Astra Vietnam Pty Ltd, has signed Business Cooperation Agreements and Memorandums of Understanding with two Vietnamese groups to enter into joint venture operations in respect to the operation of three exploration and extraction licenses in Hoa Binh, which is situated in the Doi Bu gold region of Vietnam, and three exploration and extraction licenses in the Nghn An province. Negotiations in respect to a joint venture operation for a further exploration and extraction license in Cambodia are being concluded in the Ou Yadav District of Ratanakiri. These exploration and extraction licenses are for gold mines, with a further exploration and extraction license being applied for in relation to a tin mine in the Vietnam region, prior to acquisition. All licenses are subject to final verification and due diligence.

The Lower Mekong region of South East Asia, consisting of Cambodia, Thailand, Myanmar, Laos and Vietnam, is considered by some geologists as being one of the most impressive natural geological laboratories in the world. However, this area is yet to be fully explored. The increased demand for natural resources both internally and externally, spearheaded by the rapid economic transformation that is currently occurring in South East Asia, means these areas need to undergo full geological exploration and commercialisation.

The mineralised gold system in the Doi Bu region of Vietnam covers an area of 15km2 and contains around 20 different mining leases. It is believed from information obtained through lease holders that the entire area could hold anywhere from 100 – 200 tonnes of gold, however extensive drilling is needed. Gold mineralisation in the region is believed to vary from 1 to 12.9 grams of gold per tonne, with evidence suggesting the potential for various undiscovered epithermal gold deposits. Other mineral assets are also present, including tin, which is of interest to Astra Mining Ltd as it is a material used in steel making products. With known mineralisation located at surface level, some of which has previously been mined by hand, the opportunity for small-scale open cut mining explorations is a viable option. Once open cut-mining has commenced this can be expanded to drilling which will extend known resources both laterally and vertically. 'Being situated near a major city with easy access to the facilities required for mining means the mines in the Doi Bu region are economically viable and, as many of these mines have not been fully explored by advanced exploration, the opportunities are immense,' said Dr Jaydeep Biswas, Chief Executive Officer of Astra Mining Ltd.

Quy Hop, in the Nghe An region of Vietnam, covers an area of 0.45km2 and contains various mineral resources including tin and tantalite. This area has the potential to bring in a number of other areas to create a major tin project, something that is enhanced by the areas close proximity to a government owned processing plant that can be purchased in the future and nearby port facilities.

The Vietnam mining sector

The Vietnam mining sector, which has grown rapidly since 2000, is governed by the Ministry of Natural Resources and Environment (MONRE) and its Department of Geology and Minerals (DOGM), with the mineral resources of the area belonging to the people of Vietnam and managed by the State. Although the countries mineral laws were revised, with new laws being effective from October 2005, further expected revisions are yet to be completed. The government is currently continuing with reforms, which focus on areas such as occupational health and safety and environmental protection. Foreign corporations are currently able to invest in mining and exploration opportunities and the government is attempting to simplify the application process, meaning the percentage of foreign investment is expected to grow considerably. 'The mining sector in Vietnam is becoming more open to foreign investment as the government attempts to curtail illegal mining. Astra Mining will bring up-to-date technology and revised health and safety protocols to the mining sector, something that will be welcomed as it will aid in reducing the prevalence of illegal mining and the subsequent accidental deaths,' said Silvana De Cianni, Managing Director of Astra Mining Ltd.

The Ou Yadav District in the Ratanakiri region of Cambodia is situated in the northeast of the country and covers an area of 222km2. The district is currently approved for mining, with gold resources of 4.8 to 12.6 grams per tonne proven. It is estimated the reserve could contain anywhere from 1 to 2 million ounces of gold, and resources of other metals are also a possibility, subject to further exploration.

The Cambodian mining sector

The mining industry in Cambodia is currently at a very early stage of development, with many mining laws still under review. Cambodia took longer than neighbouring countries to encourage development of this sector, something that was influenced by the fact that the need for basic mining laws was only fulfilled in 2001. However, due to the increase in global demand for mineral resources, the mining sector saw a surge in 2004. Since 2006, 104 exploration licenses have been issued and as of 2010 approximately 50 companies hold over 100 concessions, including Australian mining companies. 'There is evidence that, due to the large number of promising mineral occurrences in Cambodia, many exploration companies are currently looking into mining opportunities in the area. Nineteen of the current opportunities on offer relate to gold occurrences, which is the area that Astra Mining is currently looking into as gold is countercyclical in its strength,' said Dr Jaydeep Biswas, Chief Executive Officer of Astra Mining Ltd.


Astra Mining Ltd to List on the Frankfurt Stock Exchange


Adelaide, Australia – May 4th 2011
The Directors of Astra Mining Ltd (Astra) are pleased to announce they have signed a Listing Agreement with Gebo Equity Management Pty Ltd and Stepping Stone Equity Pty Ltd (collectively the Consultants) to assist it with its listing on the Frankfurt Stock Exchange. The listing agreement is unconditional except for approval by Astra shareholders and any force majeure situation.

Whilst several commercial projects are to be completed by Astra in the next couple of months, including its joint venture to produce gold in Vietnam and its joint venture to produce coal in Nigeria, the Directors believe with the assistance of the Consultants it would be a favourable time in the short term to list a UK public listed vehicle on the Frankfurt Stock Exchange.

An EGM of Astra will be called prior to the conclusion of this financial year where the Directors will seek the approval of its shareholders to the share swap of the Astra shares for shares in the listed vehicle company on a one for one basis. At such meeting, a full account of the proposed listing will be provided by the Directors to the shareholders.

If any shareholder has any query prior to receipt of the Notice of the EGM, please do not hesitate to contact Adele De Cianni on 08 – 8239 2322.



Astra Mining Ltd Awarded Import/Export Code


Adelaide, Australia – April 11th 2011
Astra Mining Ltd is excited to announce they have been awarded an import and export code for iron ore from India. This is the next step in the company's growth plan.

India has substantial reserves of high grade (+60% Fe) iron ore, much of which is situated in Orissa. This high quality resource meets the preferred criteria that the Chinese market requires, an area that Astra Mining Ltd is targeting for export due to growing demands for iron ore in steel production. 'Astra Mining Ltd has already opened an office in Bhubaneswar, Orissa, which is the base for our execution team in India. Getting an importing/exporting code was the next logical step in the growth plan for our company,' said Dr Jaydeep Biswas Chief Executive Officer of Astra Mining Ltd.

Astra Mining IEC Code (Importer Exporter Code)
http://dgft.delhi.nic.in:8100/dgft/IecPrint

To view type information into following fields:
IEC: 0811000010
Name: Astra



Astra Mining Ltd is making significant progress with interstate and overseas projects.


Adelaide, Australia – April 6th 2011
Astra Mining Ltd is excited to announce the company is making significant progress with projects both interstate and overseas. These include further negotiations with representatives in Nigeria, in relation to the acquisition of a coking coal mine, exploring further gold opportunities in Vietnam and beginning a resource industry based housing development company in the Rockhampton region.

The Rockhampton region is connected to the Australian mining hub of the Bowen Basin by rail and is ideally positioned to accommodate the fly in, fly out mining and mining services workforce. This link with the steadily growing mining community, and the increasing demand on existing infrastructure, is expected to have a large influence on the housing and accommodation needs of the region in the medium term. Astra Mining Ltd plan to capitalize on this demand for housing by focusing on developments in locations that provide easy access to both the Bowen Basin and Gladstone.

With major mineral and energy projects expected to begin in Rockhampton in the near future skilled workers will be expected to move to the region meaning the demand on infrastructure will only increase. This is the major initiator behind the demand for new housing developments in Rockhampton and the surrounding region. 'The supply and demand in the area, which is supported by the smaller mining communities needs for reasonably priced 'off site' accommodation, underpins the feasibility of Astra Mining Ltd's concept for development of the region,' said Silvana De Cianni, Managing Director of Astra Mining Ltd.

There are currently 54 operating coal mines in Queensland, with 4 mines under construction (3 of which are in the Bowen Basin) and a further 28 projects have mining leases granted or are under application.

Additionally, Astra Mining Ltd is near finalization in its discussions with a party having substantial interests in a coking coal mine in Nigeria, which will, if completed, substantially add to the diversification of the geographic location of business activities of the company.

Further, the company is in advanced initial stages with gold mining leaseholders in a certain province in Vietnam, which also assist the company in its diversification of interests and potentially hedge against future currency risks.

Further announcements on these overseas and Central Queensland developments will be made shortly.


Astra Mining Ltd Open Office in Mining Hub of Orissa, India


Adelaide, Australia – January 31st 2011
Astra Mining Ltd, an Australian diversified mining company, has opened its India office in Bhubaneswar, Orissa through its local subsidiary. This is part of the company’s growth plan to secure and operate high quality iron ore mines that are operationally ready for export.

Click here to download the Company Announcement

The report concludes that he mining scenario in Orissa compares very favourably with the Western Australian mining industry. The low cost of operation and infrastructure costs enable mines in Orissa to operate very profitably, even at low production rates. Close seaports and ready infrastructure in the state makes exports and imports cost effective and more competitive.


Orissa Iron Ore Briefing Note


Adelaide, Australia – February 18th 2011
Salva Resources, who have previously been commissioned to write a number of reports on behalf of Astra Mining Ltd, have completed a 2011 executive summary on Orissa, the iron ore mining hub of India.

This summary confirms Astra Mining Ltd's previous assumptions that Orissa, which bears high grade (+63%Fe) iron ore deposits, has the potential to offer extremely profitable mining opportunities. The iron ore mines in Orissa compare favourably with Australian iron ore mines in terms of cost of operation. Presence of generally high grade iron ore reduces over all costs of operation for Orissa iron ore miners as beneficiation and blending does not have to be carried out. Most of the ore that is mined is direct shipping ore, thus reducing operating costs.

The infrastructure for export of iron ore from the mines in terms of road network, railway infrastructure is provided by the state itself and hence transport infrastructure does not have to be built from scratch as is required in Western Australia. The port of Paradip is open to all for export of iron ore and thus infrastructure costs for development of iron ore export are very low when compared to Western Australia. This results in FOB costs of iron ore being low. Depending upon the scale of operations the FOB cost at Paradip Port generally tend to be around US$ 60 / tonne. This will however vary depending upon the scale of the mining operations, transport logistics and several other variables which impact mining cost.

Click here to view the Executive Summary


Astra Mining Strategic Direction supported by Independent 2011 India Steel Study


Adelaide, Australia – 15th February 2011
Salva Resources, who previously completed a 2010 Indian Mining Review commissioned by Astra Mining Ltd, have completed their 2011 India Steel Study. This comprehensive report supports Astra Mining's long held belief that India's steel industry is at a point where there is immense potential for growth due to increased steel demand and a steadily growing economy. 'The growth in steel demand will have a huge impact on the need for local Indian iron ore production as well as import of quality coking and thermal coal,' said Silvana De Cianni, managing director of Astra Mining.

Click here to view the Executive Summary

The report concludes that both China and India's steel industries have seen demand for steel grow exponentially due to the high rate of development currently occurring in both countries. As demand for thermal and coking coal increases, further opportunities for supply arise. "Any difficulties with coal supply from Australia due to bottlenecks and logistics in coal production and export, provide an opportunity for development of coal reserves in Africa," said Dr Jaydeep Biswas, Chief Executive Officer of Astra Mining.


Astra Mining Ltd Contracted To Acquire First Iron Ore Mine in Orissa, India


Adelaide, Australia – 9th February 2011
Astra Mining Ltd is excited to announce they have contracted the acquisition of an operating iron ore mine in Northern Orissa (Orissa 1) on a cash plus scrip basis. This is subject to final legal and compliance processes. This coincided with the opening of Astra Mining's first Indian office.

Click here to download the Company Announcement

The site can have production expandable to 200,000 tonnes per month and has a total resource of 20 million tonnes.


Astra Mining Ltd Open Office in Mining Hub of Orissa, India


Adelaide, Australia – 31st January 2011
Astra Mining Ltd, an Australian diversified mining company, has opened its India office in Bhubaneswar, Orissa through its local subsidiary. This is part of the company's growth plan to secure and operate high quality iron ore mines that are operationally ready for export.

Click here to download the Company Announcement

The report concludes that he mining scenario in Orissa compares very favourably with the Western Australian mining industry. The low cost of operation and infrastructure costs enable mines in Orissa to operate very profitably, even at low production rates. Close seaports and ready infrastructure in the state makes exports and imports cost effective and more competitive.


2010 Indian Mining Report shows long term growth potential in India mining development


Adelaide, Australia – 16th December 2010
Salva Resources, a global provider of key technical and commercial services for exploration and mining and companies has completed their 2010 Indian Mining Review commissioned by Astra Mining Ltd. This extensive report confirms several of the assumptions made by Astra Mining in terms of India's operational capability, reserve potential in Coal, Iron Ore, Gold and Diamonds, as well as the government's policy regarding increased foreign investment into mining.

Click here to download the report of the Executive Summary

The report concludes that India is a mineral-rich location, with 276bn tonnes of coal and over 25bn tonnes of iron ore, and investment into India for mining has large uplift potential. The pace of growth in production of minerals and ore is expected to accelerate as from India's huge domestic consumption requirements and increasing demand from China. The Government of India has moved to encourage the further development of mines. For further information, please contact Astra Mining Ltd directly.