A strong rise in the share price of junior explorer Anglo Australian Resources NL was attributed yesterday to speculation that Plutonic Resources Ltd may be gearing for a further tilt at a takeover on the West Australian resources scene.

Plutonic and subsidiary Lachlan Resources NL own 10 per cent of Anglo and in turn are in joint venture with the John Jones-chaired company at the Koongie Park base metals project in the Kimberley of Western Australia.