Some statements from Mantle on Exergen's behalf from recent...

Some statements from Mantle on Exergen's behalf from recent announcements -

"Exergen's cornerstone investors have already committed substantial funding (under certain conditions precedent) towards the PCDP and the company has obtained an Advance Finding certificate from AusIndustry that confirms that he PCDP activities are eligible for R&D Tax rebates."


"While Exergen can bring value to a number of downstream uses for upgraded brown coal, collaborations with other proponents in the brown coal upgrading sector are being sought to reduce process risk and development costs and expand product market potential for all parties. Exergen is generating a high level of interest in this strategy due to its unique posit on as a low cost solution to front-end dewatering, coal upgrading and overland transportation."


"The PCDP wil be hosted by EnergyBrix Australia (EBAC) at the Morwell Power Station site in the Latrobe Valley where Exergen has executed Site Lease and Site Services agreements with EBAC."


and from June quarterly -


"Exergen has secured a CHTD demonstration site in the Latrobe Valley and is finalizing an alliance contract for construction and operation of the CHTD demonstration plant."


IMO only, lots of news to come from many fronts re Vic brown coal.


In July 2014 Mantle submitted a work plan variation to the Vic DSDBI in relation to the Exploration License at EL5210.

http://www.google.com.au/url?sa=t&r...=ZiJ64BxR4Su_sguIMTRwEA&bvm=bv.73231344,d.dGc


http://www.*.com.au/companies/news/...ires-victorian-brown-coal-tenement-47114.html

"Detailed work plans have already been lodged with, and approved by, the relevant state government department for a major drill program to upgrade the existing resource as well as deliver a maiden Resource for the second deposit."

Personally what I'd like to see next is an announcement that Mantle have some kind of deal relating to EL5210 or all our LV tenements and will be free carried through the exploration phase.

Then Norton progress as hoped and into production early next year so CR's become a thing of the past.

IK has mentioned debt or equity financing for our coal projects when the time comes.

The next few months will tell us where we are heading IMO.

B Rubes