4c qrtly, page-6

T2 you have to interpret the EAFD as lifting one boat anchor out of the water. There is still one remaining in Vic as you say. Hopefully that will go as well.

The review sounds positive as we will know where INL's short to medium term revenue accumulating strategies will focus on. The quarterly's positive spin indicates to me there is a little more to come in the coming weeks or months.

I can't recall reading this before though. I though it was only INL's tech that was licensed to JX Nippon but it seems it goes both ways.

"On 17 November 2010, Intec announced that it had entered into an agreement with JX Nippon Mining
& Metals Corporation (?JX Nippon?). Both Intec and JX Nippon have patent portfolios in the field of
halide-based hydrometallurgy for the processing of base and precious metals. Under the Agreement,
Intec and JX Nippon have cross-licensed each other with these patent portfolios."