Short Term Trading Week Starting: 13th Feb, page-40

STTCOMP INL, FA Long

MC: $10 mill
Price: $0.022

Intec Ltd (INL) is involved in the development and commercialisation of minerals processing technology for basic and precious metal industries using its patented hydrometallurgical processes known as Intec Process.
The Intec Process:  The Intec Process is a set of patented hydrometallurgical processes that have been demonstrated to produce high purity base and precious metals from mineral concentrates and industrial wastes. Applications include copper, zinc/lead, nickel, gold, and polymetallic materials, with the option of treating both sulphide and oxide feeds, alone or in combination.

The Company released an announcement this morning stating it is currently undertaking a preliminary evaluation of several options to generate value from its wholly-owned Zeehan slag dump. These include the direct sale of material, blending strategies and Australian based beneficiation opportunities to realise the potential value of the asset for shareholders. The dump contains approximately 430,000 tonnes of material with an estimated zinc grade of 14% and the company looks forward to updating shareholders regarding the potential development of this dump. The share price has been on a a nice upwards trajectory with increasing volume for a couple of months now and today's announcement shouldn't hurt that continuing.