Ann: Mining lease application - Aravalli project , page-15

re: Ann: Mining lease application - Aravalli ... Yes, I would think that the end of January would be closer to the mark.
IRL ended 2013 on a high. It was highest share price for 2 years and up 400% since July/August.
IRL will start 2014 in a strong position.
We can expect lots of positive announcements over the next few months.

1. The finalization of the Arbitration award, possibly in the next week or two. The lower AUD$ could result in award above AUD$1.5 million.

2. Confirmation of the preferential right of the Aravalli ML application. I would doubt whether the State Government of Rajasthan would do anything but grant the preferential right to IRL.

3. The major Court Case Special Leave Petition filed in the Supreme Court of India, the final result should be known in a month or two. A 50% chance of getting an award greater than IRL's market cap.

4. Confirmation of the Surda mine contract extension.

5. Start up of the Rakha mine contract.

6. The next quarterly should show an improvement in income with payments from Shriram EPC (SEPC) for the Surda Mine Expansion and Development Contract.

7. An announcement re the ML for Badiya Mine.

8. Confirmation of 3 x tenders
a) IRL and Tata Projects Limited have jointly submitted an expression of interest to extract various metals from the old tailings stored at the Khetri Copper Complex, owned by HCL.
b) IRL has submitted a mine development tender to Uranium Corporation of India Ltd. This project is in close proximity to the Company’s Surda operations.
c) IRL submitted an expression of interest to participate in the contract for the Sukhinda Mine underground development.

An exciting year ahead for India Resources.