Aquila Resources updates on West Pilbara Iron Ore Project

Sunday, 11 Sep 2011

Aquila Resources Limited report an update to the JORC Mineral Resource estimate for the West Pilbara Iron Ore Project located in the Pilbara region of Western Australia. The Company has a 50% interest in the Project.

With the assistance of Golder Associates Pty Limited, maiden Mineral Resource estimates have been completed for the Weckl and Buckland Hills within the Mt Elvire Project, adding 296 million tonnes to the previous JORC Resource Statement total of 927 million tonnes, advised to the ASX on 1 November 2010, taking the total Mineral Resource inventory for the Project to 1,223 million tonnes.

Weckl and Buckland Hills Deposits - Inferred Resources

	Tonnes	Fe%	SiO2%	Al2O3%	P %	S %	Mn %	MgO%	LOI%
Weckl	101	54.4	11.94	3.60	0.080	0.021	0.025	0.050	5.76
Buckland Hills	149	57.0	7.01	2.41	0.135	0.010	0.096	0.058	8.28
Buckland Hills - Southeast	46	56.5	8.05	2.42	0.142	0.016	0.024	0.054	8.04
Total	296	56.0	8.85	2.82	0.117	0.015	0.061	0.055	7.38

The Weckl Deposit is the first area of mineralization identified in the south-eastern area of the Mt Elvire Project. The Deposit is a Detrital Iron Deposit, comprising three narrow valleys incised into the Hamersley Range.

Buckland Hills
The Buckland Hills Deposit is located in the western area of the Mt Elvire Project, 30km east of the proposed railway to be constructed for the Stage 1 development of the West Pilbara Iron Ore Project. This Deposit is contiguous with the Bungaroo South Deposit owned by Iron Ore Holdings Limited.