HDG 0.00% 1.0¢ hodges resources limited

1.2 billion tonnes of coal, page-7

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    sure

    for the sake of simplicity, i excluded the 8 cents per tonne

    Payment of US$0.10 per tonne of all JORC classified Measured and Indicated Resources calculated at the
    end of the initial farm?]in agreement (two years).

    On initiating this payment Hodges must solely fund an additional US$2,000,000 of exploration costs over
    a two year period and on completion pay SNDP $0.08 per tonne of additional JORC classified Measured
    and Indicated Resources from an updated report.
 
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