NAE 0.00% 0.5¢ new age exploration limited

Ann: Annual Report to shareholders, page-4

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  1. 479 Posts.
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    "The Company updated its earlier Lochinvar Scoping Study in March 2017 and the revised data showed a significant improvement in the project economics. Following the revised Scoping Study, the Company embarked on developing considerations for the next phase of exploration on the project. Considerable capital will be required to move to the next level of asset development and discussions have been undertaken with a number of potential interested strategic partners who may come alongside the Company to the take the project forward. This work is continuing and discussions with organizations who have a real long-term interest in Coking Coal project development are progressing."

    Interesting to see that management are progressing discussions with potential strategic partners. Hopefully they can follow through on this as we will definitely need the help and funding to fast track Lochinvar
    Last edited by Viper21: 05/10/17
 
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