EIO 3.57% 29.0¢ energio limited

Ann: Quarterly Activities and Cashflow Report , page-2

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  1. 5,719 Posts.
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    Quite a comprehensive quarterly report and reads very well IMO, with the key take-outs:

    Remains on track to report maiden JORC in September 2012

    Early metallurgical results have proven ENCOURAGING

    The RC drilling program is planned to RESUME in late July/early August

    Commenced a detailed metallurgical program to determine a preliminary flow sheet and product specifications to be used in discussions with potential OFF-TAKE PARTNERS

    Preliminary test work has returned results reinforcing the Co's view that the material is UNLIKELY to consume significant energy within the crushing and grinding process

    High level study to be undertaken to standards that conform with potential EQUITY and DEBT FINANCIERS' requirements

    CASH and investments of $4.116m (last quarter spend was $1.974m).
 
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