Thursday, 28 August 2008
INTERMET RESOURCES CORPORATE CHANGES
Summary:
The Board is currently developing an exploration plan and budget for the company’s tenements to prioritise the activities for each of the assets. Particular emphasis will be placed on an aggressive drilling programme at the Paddy and Jesse prospects on the Munderra Iron Project. In addition, the Board is reviewing the overall cash requirements for the company for future exploration, various tenement option payments, working capital and
corporate costs incurred in relation to the defence of the recent takeover offer.
Looks pretty good. HGO is going to continue the success of ITT's work on MUNDERRA iron ore project, asap, to hopefully keep momentum going.
Any opinions welcome.
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corporate update. exploration plan and budget
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