Lennard Shelf Zinc-Lead Project
◆ Meridian reaches agreement on A$10.5M Placement to
state owned Chinese Resources Company- Issue price of A$0.08 per share
◆ Initial resource base of 41Mt @ 7.9% Zn & 3.2% Pb
◆ In Ground value of $2.008B at prices as of 25th May 2009
◆ 2-3 rigs will commence a 20,000m drilling campaign shortly
◆ Initial drilling program will concentrate on infill drilling
◆ Abundant news flow from feasibility study and two year drill program
JB
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- 8c placement to china- drilling set to start!!
8c placement to china- drilling set to start!!
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