HI,my only worry is zone A. Does anybody know the chances of the reclassification process succeeding.
The Indonesian Forestry Law restricts non forestry activities within protection forests and prohibits mining using an open pit method in protection forest areas. Intrepid’s Alliance partner, PT IMN, is working with relevant Indonesian authorities to allow for a review of forest land status if the exploration activities support such a decision. The Zone A Resource falls within a protection forest area, and there are risks attendant upon the reclassification process.
