Ann: Mount Isa East JV Update, page-12

Howdy veecat. JOGMEC is a representative arm of the Japanese government to pursue oil, gas and mining projects for national use. Basically they source the projects and then introduce them to commercial business (usually Japanese industry heavyweights like sumitomo, mitsubishi, mitsui etc). Outsourcing is usually done by tender although in some instances and based on national best interest, some candidates are chosen or scripted for the tender.

An excellent outcome, because JOGMEC have a number of very strict protocols to follow in determining the project benefits and best fit with Japanese interest. Having a number of interested Japanese parties in trafalgar means JOGMEC have given thumbs up.

Hammer is looking very good.