VENARI MINERALS NL — Capital/Financing Update 2012

May 14, 2012

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asx announcement
15 may 2012
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Governor Broome Drilling Update

Visual confirmation of heavy minerals outside the existing JORC Resource Area.

• Visual confirmation of heavy mineral (HM) occurrences outside the existing Governor Broome JORC resource areas

• More than 1,700metres of drilling completed over two (2) previously un-drilled areas

• Second Rig to be mobilised next week

Astro Resources NL ( Astro or the Company ) (ASX:ARO) is to pleased to provide an update on its drilling campaign at its Governor Broome mineral sands deposit.

The initial drilling is focusing on 2 key areas outside the established JORC resource area (as detailed in the attached map).

More than 1,700 metres of drilling has been completed with visual confirmation of heavy mineral occurrences in most holes drilled to date. Laboratory analysis will determine those areas with potential for additional resources.

It is expected that a total of 3,000metres will be completed prior to the mobilisation of a second drill rig in the coming week.

Executive Director, Robert Hyndes stated: “ We are pleased with the progress of the drilling program,

and are very encouraged with the early confirmation of heavy minerals to the south and east of the existing JORC resource area.”

“The mobilisation of the second rig next week will significantly increase the work rate and allow the completion of all the work programs on time and on-budget.”

ENDS

For enquiries, please contact: Robert Hyndes John Nayton Executive Director Media Contact P: +61 8 6389 5777 P: +61 4 2241 4983

The information in this announcement that relates to Mineral Resources is based on information reviewed by Mr. John Jordan, a Member of the Australasian Institute of Mining and Metallurgy and consultant to the Company. Mr. Jordan has sufficient experience that is relevant to the styles of mineralisation, types of deposits and exploration activities undertaken to qualify as a Competent Person, as defined in the 2004 edition of the Australasian Code for Reporting of Mineral Resources and Ore Reserves. Mr. Jordan consents to inclusion in the report of the information in the form and context in which it appears.

a : ground floor, 3 richardson st p : p.o. box 1728 ph : +61 8 6389 5777 west perth wa 6005 west perth 6872 fx : +61 8 9486 1258 w : www.aro.com.au e : admin@aro.com.au asx : aro

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Image 1: Sample taken for each metre drilled Image 2: Sample is then panned to visually estimate HM content prior and selection for laboratory analysis

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Visual confirmation of HM in most holes drilled to date

Image 3: Drilling to date has focused on the southern and eastern extensions of the known resource area

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