Annual Report for the period 9 August 2013 to 8 August 2014

Abstract

While the previous metallurgical and engineering test work was comprehensive and a valuable data source, Inminerals has taken the view of re-evaluating the old process and recovery technology seeking new or improved techniques making the project more economic given the large distances from mine site to customer base. As such numerous discussion were held with engineering firms, ore samples were provided for fresh evaluation and test work and this reengineering work commenced. Not being overly satisfied with their performance it was decided to curtail those engineers involvement and seek alternative engineering options which meant starting the process again.