A sub-lease arrangement was established with Australasian Resources Ltd (ARH) for their exploration and drilling personnel to use the Indee camp for accommodation. As part of the arrangement, RNG has also provided an area on the mining lease for ARH to establish a drill core handling facility. This arrangement has contributed to a reduction in the fixed costs of maintaining the Indee site in the wind down phase. The arrangement is expected to continue until the end of October 2008.
ARH Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
