Sydney, Oct 8 (Reuters) - Aquila Resources Ltd :
* West pilbara iron ore project - cost update
* Says the revised "base case" direct costs (including project management
contractor and contingency) have increased to $7.4BN
* Says a revised project construction schedule is expected to be available at
the end of October 2012
* Says capital optimisation study demonstrates the potential of maximum capital
reduction of $2.4BN