AUSTPAC RES

Austpac Resources N.L. is an Australia-based minerals technology company. The principal activity of the Company is the development of mineral processing technology and exploration of mineral deposits. It operates in one segment only, being Mineral Sands and Mineral Sands Technology Development. It has developed new commercial processes for the titanium and iron and steel industries. Its technologies include Enhanced Roasting and Magnetic SCparation (ERMS) SR, Enhanced Acid Regeneration System (EARS), Low Temperature Roasting (LTR) and Austpac Iron Reduction Process. Its synrutile production and steel mill waste recycling have applications for the Company's processes, such as the ERMS SR Demonstration Plant and the Newcastle Iron Recovery Plant. Its Demonstration Plant provides data for detailed engineering design and costing of a commercial ERMS SR synrutile plant. It is engaged in an investigation of the gold and base metal potential within its wholly owned exploration license.