Australasian Resources Limited is an Australia-based company engaged in mineral exploration and evaluation. The Company's segments include Iron Ore and Base metals, primarily nickel projects. The Company, through its subsidiary, International Minerals Pty Ltd, plans to develop the Balmoral South Iron Ore Project in the Pilbara region of Western Australia. The Balmoral South deposit is located approximately 80 kilometers southwest of the town of Karratha and over 30 kilometers from a port. The Project involves the mining and processing of magnetite ore from the Susan Palmer deposit. It also has nickel interests, such as the Sherlock Bay Nickel and Sherlock Extended Projects. Its Sherlock Bay Nickel Project includes the Sherlock Bay Nickel Deposit and is located east of Karratha in Pilbara Region of Western Australia. The Sherlock Extended Project surrounds the main Sherlock Bay Nickel Deposit. It is also granted over three mining tenements, including M47/0631, M47/0632 and M47/0633.