Aquila Resources Limited
(ASX:AQA) has increased its iron ore resource at its Thabazimbi mine in South Africa.
The resource has increased by 43 per cent with 72 per cent now categorised as measured and indicated.
The coal explorer has been in dispute recently with joint venture partner Vale Australia which has since been resolved.
In the first half of 2012 financial year Aquila reported a net loss of $30 million.
