"While we are disappointed to lose Malcolm's full-time services, he
will continue to assist us in expanding and building Tujuh Bukit - perhaps
the largest known, independently held, undeveloped copper-gold project in
the world," said Brad Gordon, Managing Director and Chief Executive
Officer. "Malcolm has made a huge contribution over the past five years at
Intrepid (and Emperor prior to the 2008 merger) and we look forward to his
ongoing insights and support. The search for a full-time replacement is
well advanced".
Forward-looking statements
This announcement contains certain forward-looking statements, relating
to, but not limited to Intrepid's expectations, intentions, plans and
beliefs. Forward-looking information can often be identified by
forward-looking words such as 'anticipate', 'believe', 'expect', 'goal',
'plan', 'intend', 'estimate', 'may' and 'will' or similar words suggesting
future outcomes, or other expectations, beliefs, plans, objectives,
assumptions, intentions or statements about future outcomes, or statements
about future events or performance. Forward-looking information may
include reserve and resource estimates, estimates of future production,
unit costs, costs of capital projects, and timing of commencement of
operations and is based on current expectations that involve a number of
business risks and uncertainties. Factors that could cause actual results
to differ materially from any forward-looking statement include, but are
not limited to, failure to establish estimated resources and reserves, the
grade and recovery of ore which is mined varying from estimates, capital
and operating costs varying significantly from estimates, delays in
obtaining or failures to obtain required governmental, environmental or
other project approvals, inflation, changes in exchange rates,
fluctuations in commodity prices, delays in the development of projects
and other factors. Forward-looking statements are subject to a variety of
known and unknown risks, uncertainties and other factors that could cause
actual events or results to differ materially from those expressed or
implied.
Shareholders and potential investors are cautioned not to place undue
reliance on forward-looking information. By its nature, forward-looking
information involves numerous assumptions, inherent risks and
uncertainties, both general and specific, that contribute to the
possibility that the predictions, forecasts, projections and various
future events will not occur. Intrepid undertakes no obligation to update
publicly or otherwise revise any forward-looking information whether as a
result of new information, future events or other such factors which
affect this information, except as required by law.