Significant advances, independently verified, in discovery and development of critical minerals and metals the World wants - Rare Earths, Gold and Uranium

AusAmerican Mining Corporation NL is an international exploration and development company, developing a number of critical minerals and metals projects (Rare Earths, Gold and Uranium) in the United States of America:

1. La Paz Rare Earth Project Large maiden resource defined, 128 MT for 95.6 M lb REE, considerable upside to increase resource outlined, successful initial metallurgical test work confirmed, independent NI 43-101 technical report completed.
2. Independent NI 43101 technical report completed for San Marcos Gold Project.
3. High grade 11.4 M lbs resource defined for Rio Puerco uranium project, independent NI 43-101 technical report completed, ISR potential confirmed, significant upside of resource.

Project Highlights

La Paz Rare Earth Project

Highlights

• Large maiden Resource calculated
• Ni 43-101 Completed
• The deposit is not fully delineated, leaving room for a significant increase in size and volume.
• High percentage of Medium and heavy REE (24%)
• The deposit is amenable to open-pit mining, and is fully exposed under light alluvial cover.
• Mineralisation is remarkably homogeneous throughout the entire host rock complex.
• Host rock and REE carrier mineralogy is amenable to standard metallurgical extractive processes.
• Positive metallurgical test work completed by SRC in Canada
• There are virtually no radio active substances (Thorium) present in the ore body.
• Ownership is 100% AusAmerican and land titles are flawless and unencumbered.
• Excellent infrastructure is available for development.
• Arizona is a recognized, mining-friendly jurisdiction with low jurisdictional risk.
• Location factors ensure minimal socio-environmental impacts in permitting and future mining operations.
• Additional core drilling programme, scoping study and second phase of metallurgical and extractive test work commenced , results due March 2012

Independent NI 43 -101 Completed for San Marcos Gold Project

Highlights

• 125 claims controlled 100% unencumbered by AusAmerican
• Excellent location/infrastructure
• Historic production
• Magnetic survey, mapping , sampling and 4,400 diamond an RC drilling program completed
• Drilling detected widespread gold mineralization in most holes; many holes strongly mineralized
• Drilling validates historic data from 1989-1990 drilling
• NI 43-101 technical report completed; very positive about potential of the project
• Only small portion of the project explored
• Significant potential to increase the resource exists
• Maiden resource expected in 2012

Independent NI 43-101 finalized for Rio Puerco Uranium project

Highlights

• Confirms resource of 11.4 million pounds grading 0.09% (900 ppm) using a 0.03% (300ppm) cut-off
• Identifies potential to increase resource
• Confirms potential for In Situ Recovery mining extraction

Latest News

05/16/12: La Paz Rare Earth Elements Project - completion of early stage metallurgical test work

AusAmerican announces an update on the progress of the company's 100% owed La Paz Rare Earth elements ("La Paz") project located in Arizona in the USA.

Click here for a copy of the announcement >>>

04/30/12: Company issues Quarterly Activities Report for the quarter ended 31 March 2012

AusAmerican issues Quarterly Activities Report for the quarter ended 31 March 2012.
Highlights include:

• New Chairman and Managing Director appointed; both bring significant technical and corporate experience to the company
• Financing agreement with New York based institutional company secured
• Company commenced trading on New York based OTC.QX market
• San Marcos gold project 43-101 completed
• Metallurgical testwork programme for La Paz REE and the White Picacho specialty metal projects near completion
• New project identification/evaluation programme accelerated.

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03/14/12: Company announces changes to the Board and Management

AusAmerican announces key appointments to Board and management and a highly experienced team to take AusAmerican projects forward: Mr Mark Ceglinski has agreed to join the Company as non-executive Chairman. Mr Richard Holmes has agreed to join the Company as Managing Director. Mr Jim Malone will retire as Chairman of the Company and will remain as an Executive Director, Company Secretary and Chief Financial Officer. Mr Denis Geldard will retire as a Director and CEO. Mr Don Falconer remains as the Company's North American based non-executive Director.

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03/08/12: Company files half year financial report for half year ending 31 December, 2011

AusAmerican announces its half year financial results.

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02/03/12: Company update - financing agreement

AusAmerican announces the following highlights in its Company update:

• Arranges $3,420,000 funding facility, provided by a New York based institutional investment fund. 
• Temporary suspension of dual TSX-V listing pursuit. 
• Changes to the Board and management. 

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01/09/12: NI 43-101 technical report confirms potential of San Marcos gold project

AusAmerican is pleased to announce that it has completed an independent NI 43-101 technical report on its 100% owned San Marcos gold project located in Arizona, United States of America.

Highlights:

• NI 43-101 confirms potential of San Marcos gold project
• Drilling validates the 1989-1990 drilling results
• Results due soon on San Marcos core drilling
• Finalization of the NI 43-101on San Marcos fulfills the final condition for listing on TSXV
• Report recommends that further work is justified
• It is hoped that a maiden estimation will be completed in 2012

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12/21/11: AusAmerican announces the publication of the Independent NI 43-101 report for its La Paz REE project

AusAmerican announces that an Independent NI 43-101 technical report for the company's La Paz REE project located in the state of Arizona in the United States of America has now been completed.

Click here for a copy of the report (Note: this link will take you to the Company's file storage area) >>>

12/13/11: AusAmerican announces the publication of the Independent NI 43-101 report for its Rio Puerco uranium project

AusAmerican announces that an Independent NI 43-101 technical report for the company's Rio Puerco uranium project located in Grants Mineral belt in New Mexico in the United States of America has now been completed. Highlights from the report include:

• Confirms resource of 11.3 million pounds grading 900 ppm using a 300ppm cut-off;
• Identifies potential to increase resource;
• Confirms potential for In Situ Recovery mining extraction.

Click here for a copy of the announcement of the report's publication >>>
Click here for a copy of the report (Note: this link will take you to the Company's file storage area) >>>

12/13/11: AusAmerican announces a major Rare Earth maiden deposit in Arizona USA

A maiden indicated resource of 16.2 million tonnes at 373.4 ppm (using a 300 ppm cut off) for 12.1 million pounds (lbs) Rare Earth Elements ("REE") and an inferred resource of 112 million tonnes at 371 .5 ppm (using a 300 ppm cut off) for 83.5 million pounds (lbs) REE.

The total resource currently stands at 128.2 million tonnes at 371.5 ppm for 95.6 million pounds (lbs) REE.

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