Aconcagua Resources (ANU)

Shares / Stock Code

ANU

Stock Exchange / Sharemarket

ax

Aconcagua Resources (ANU) is primarily involved in the exploration for iron sands in in the South American countries of Chile and Ecuador. ANU was listed on the Australian Stock Exchange (ASX) on 27 May, 1997. The company had a namechange on the 22 December 2005 from Powerise Technology Limited to Aconcagua Resources Limited. The company is focused on discovering occurances of metals and minerals that can be economically mined and extracted. Aconcagua Resources has been actively developing and focusing its key project, the Fierro Inca Project in Ecuador. The company also maintains its exploration and appraisal activities in respect of its Chilean projects, viz: Maullín, Putú and Agua Claras.

Aconcagua Resources Company History

In November 2005, Aconcagua Resources acquires interests in the Chilean Aguas Claras Project and in 2006 they acquire interests in concessions comprising the Putú and Maullín Projects as well as in Ecuador. Their subsidiary signs the first co-operation agreement with the Ecuadorian Ministry of Energy & Mines to undertake off-shore sea-bed geological research in 2006 and also acquire a 10% interest in Hanwell Chile S.A., which holds concessions to explorer/mine for iron ore.