Ann: Corporate Update - Earl Grey Directions Hearing, page-4

Corporate Update: Earl Grey Directions
Hearing
Kidman Resources Limited (ASX: KDR) wishes to advise that the Company appeared
at a directions hearing, before Justice Kenneth Martin, in the Supreme Court of
Western Australia today in regards to proceedings issued by Marindi Metals Ltd
(ASX: MZN) in November 2016.
Kidman Resources was represented by Maddocks at the directions hearing and was
pleased that the Court has agreed with its request that the trial be held at the
earliest opportunity commencing on 29 May 2017. The Court also ordered today
that the parties attend a compulsory court-supervised mediation at the first
available date prior to 29 May 2017. The Company reiterates that it considers
Marindi’s allegations over the Earl Grey deposit to be opportunistic and has
commenced a vigorous defence of its position.
The Company sought to expedite a resolution by having Marindi’s allegation of an
agreement between the parties dealt with as a priority.
Kidman Resources remains confident of a favourable outcome to the dispute
following the directions hearing.
In the interim, Kidman Resources is continuing to rapidly advance its Earl Grey
lithium deposit – within the Mt Holland project on Western Australia’s Forrestania
Greenstone Belt – where the Company has defined a maiden combined Mineral
Resource of 128 Mt at 1.44% Li2O for 1.84 Mt of lithium oxide [refer ASX
announcement 14 December 2016].
Kidman Resources will continue to update shareholders on this matter.
For further information, please contact:
Warrick Hazeldine
Cannings Purple
+61 417 944 616
[email protected]