Got a reply. The ASX doesn’t have any concerns given exploration expenditure is consistent with available funds. They did remind them about their need to update the market on exploration and recapitalisation activities.
They have spent some funds on exploration this year but more on the administrative side. They never updated the market about their application on a 5 year expenditure exemption on Mt Forrest. They really need a change in the Board of Directors if this dog is going to breathe again
Ann: Appendix 3B-MDX.AX, page-33
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