Ann: Quarterly Activities Report 30 September 2018, page-7

Speaking for myself I think the Coy's following comments in the quarterly could
have been more clear-I am still unsure what it's trying to say viz

"As announced to the ASX on 27 June 2018, the Company received a further purported cost variation claim from Resource Mining for Teal Stages 1 and 2 through to project completion. This further purported cost variation claim adopted a different methodology to the previous claim. Intermin has been working to resolve this matter. Under the terms of the contract with Resource Mining, a final determination of the variation claims has now been completed by the Principal’s Representative and was delivered to Resource Mining on 27 September 2018. The determination in relation to the variation claims made by Resource Mining was that $259,066 is payable to Resource Mining from the project bank accounts in respect of the variation claims made by Resource Mining (which Resource Mining confirmed were for a total amount of $4,601,801 for stages 1 and 2 of the Project). Under this determination and pursuant to the terms of the mining contract, $5,608,679.59 (inclusive of reimbursement to Intermin of $35,650.68 paid by it to the Mine Rehabilitation Fund and Intermin’s 75% profit share of the balance) ought be paid to Intermin from the Project bank accounts."

IRC seems to be saying RM are only due a further $259,066 but they don't say
(probably deliberately)what RM are claiming !
Needs someone to speak directly with LP-any offers ? My own view is that RM are claiming
something in excess of $1m.