During the quarter the Company continued to review a number of potential project
opportunities. The Company is presently in advanced negotiations in respect of a Coastal
Iron project in Guinea, West Africa and a coal project in eastern Kalimantan.
The Coastal Iron project consists of three licence applications covering approximately
2,500 km2 that are readily accessible by sealed and laterite capped roads. The project
contains numerous zones of iron mineralisation that are seen as good exploration targets.
Finalisation of the negotiations is dependent primarily upon the granting of the licence
applications, which are awaiting Ministerial approval. Lindian has received advice the
licence applications should be granted in the March 2008 quarter. Any agreement entered
into will be subject to a legal due diligence review confirming licence ownership.
stocktoad
quarterly activity report
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Mkt cap ! $132.5M | |||
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