| Pilbara Iron Ore Project update | |
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ASX ANNOUNCEMENT
1 July 2015
Pilbara Iron Ore Project
Update
The Directors of Flinders Mines Limited (ASX:FMS) advise that the parties to the Alliance Agreement have confirmed that the agreement term will not be extended beyond 31 December 2015.
The parties may have extended the agreement by 6 months if it was likely that the projects would be developed within a reasonable time after 31 December 2015.
As previously advised, Flinders has suspended expenditure on its Bankable Feasibility Study under the Alliance Agreement until a shareholder meeting is held to consider the Todd transaction, which is expected to be in August 2015.
IAN GORDON
MANAGING DIRECTOR
Flinders Mines Limited ABN 46 091 118 044 www.flindersmines.com
Level 1, 135 Fullarton Road
Rose Park
South Australia 5067
PO Box 4031
Norwood South
South Australia 5067
telephone 61 8 8132 7950 facsimile 61 8 8132 7999 email [email protected]
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Flinders Mines Limited
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CODE : FMS.AX |
ISIN : AU000000FDL3 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Flinders Mines is a exploration company based in Australia. Flinders Mines holds various exploration projects in Australia. Its main exploration property is LOBETHAL (ECHUNGA JV) in Australia. Flinders Mines is listed in Australia. Its market capitalisation is AU$ 2.2 billions as of today (US$ 1.6 billions, € 1.4 billions). Its stock quote reached its lowest recent point on March 04, 2016 at AU$ 0.01, and its highest recent level on March 05, 2021 at AU$ 1.65. Flinders Mines has 3 193 779 968 shares outstanding. |