STAGE 2 APPROVAL PROCESS

It would seem that our ever informative RXM board of directors have failed to communicate to its shareholders, the progress of the Stage 2 Approval Process. What else has changed I must add.

RXM has concluded Stage 1 with the acceptance of the Mining Leases from the Department of State Development South Australia.

The centre of the Stage 2 process is the development and approval of the Program For Protection and Rehabilition (PEPR) document. This document needs to be developed in consultation with the general community and affected parties (neighbours).

A condition imposed by the Department of State Development is for this document to be issued within 12 months from the acceptance of mining leases by RXM. This acceptance has been recorded as 16th September 2014.

So 16th September 2015 will be the cut-off date for the submission of the PEPR.

The conclusion of the Extended Feasibility Study is vital. The conclusion of the PEPR would be more critical, as without it there can be no mining operations.