chris rock v dave hughes, page-2

From the Intec Q&A forum

"Finally, Intec Exploration Pty Ltd was recently established as an exploration vehicle 50/50 co-owned and co-operated by Intec Ltd and RobertsConsulting Pty Ltd, whose principal Heath Roberts is a qualified solicitor, successful mining entrepreneur and currently the Executive Director and Company Secretary of Western Plains Resources Ltd. Heath is well known and respected by Intec, as our former Assistant Company Secretary and inhouse legal consultant. He has an expert understanding and extensive experience of the legal framework of mining and exploration tenements, backed by pragmatic geological insights.

Intec Exploration has acquired and applied for a number of mineralogically prospective exploration tenements immediately adjacent to and surrounding the Young Nickel Laterite Project of Jervois Mining Ltd and the currently operating magnesite mine of The Young Mining Company Limited (owned by the Orind Group in India). Intec Exploration considers that its tenements in this region are both prospective and strategic in nature and is being granted an Intec Process licence in relation to ores discovered within its tenements. This will be the subject of a more detailed ASX announcement shortly."

What is happening with INL exploration?
How are they going to start a drilling program if they have a cash flow problem?
These EL licences need money spent on them to be retained, is there a program planned for these target areas?
Are INL genuine in trying to find a resource in this area?
Are they testing sample laterite from this area or is Outotec doing the testing or is no testing being done?
When are shareholders likely to get info about INL exploration, there has been nothing since the initial announcement?

"is being granted an Intec Process licence in relation to ores discovered within its tenements. This will be the subject of a more detailed ASX announcement shortly."
Does anyone know what this statement means? What licence are they talking about? They are entitled to collect sample for testing under El guidlines.

Sensible response appreciated.

Deepdiver