hrr report

Heron Annual Report to shareholders. Heron are still very much talking to DNi. Nothing really new in the report but perhaps a more positive tone?

http://www.asx.com.au/asxpdf/20131015/pdf/42k1ch7c4h9mq2.pdf

"During the test work it became clear that over 80% of the chloride in solution could be isolated in a small fraction of the process streams, offering the opportunity to develop a cost effective flow sheet. Further study has now commenced to optimize the chloride removing process steps."

"If it is possible to isolate the chlorides and separate them from any accompanying nitrates, then the potentially superior economics of the Direct Nickel Process may be able to be applied even to the KNP laterites that occur in a saline environment."

Obviously it would be very positive for DNi if their process will work in an saline environment without any major changes.

Regards

Wriglet