Australasian Resources Ltd, Annual General Meeting, Nov 26, 2012. Agenda: To consider the non-binding approval of the remuneration report; and to consider the re-election of Directors.

Australasian Resources Ltd. announced audited consolidated earnings results for the year ended June 30, 2012. For the year, the company reported revenue of AUD 34,434 against AUD 23,124 a year ago. Loss before income tax was AUD 449,445 against AUD 296,663 a year ago. Net loss after tax was AUD 5,774,813 or 1.26 cents basic and diluted loss per share against AUD 296,663 or 0.07 cents basic and diluted loss per share a year ago. Net cash used in operating activities was AUD 1,885,261 against AUD 2,834,391 a year ago. Payments for deferred exploration expenditure were AUD 445,062 against AUD 603,103 a year ago. Total capital expenditure was AUD 3,186,378 compared to AUD 585,416 a year ago.

Australasian Resources Ltd filed its Annual on Sep 28, 2012 for the period ending Jun 30, 2012. In this report its auditor, Ernst & Young LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.