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.
Statements relating to gold resource estimates are expressions of judgment, based on knowledge and experience and may require revision based on actual production experience. Such estimates are necessarily imprecise and depend to some extent on statistical inferences and other assumptions, such as gold prices, cut-off grades and operating costs, which may prove to be inaccurate.
Competent Person and Qualified Person
The Mineral Resource Estimates were prepared by Rob Spiers (MAIG) who is a Director and full time employee of H&S Consultants Pty Ltd. Mr Spiers has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves" and as an Independent Qualified Person as defined in the Canadian National Instrument 43-101 (standards of Disclosure for Mineral Projects). Mr Spiers consents to the inclusion of these estimates in the form and context in which they appear.
The information in this announcement that relates to exploration results is based on information compiled by or under the supervision of Mr Gary Snow, who is a full-time employee of Intrepid Mines Limited. Mr Snow has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves" and a Qualified Person as defined in the Canadian National Instrument 43-101 (standards of Disclosure for Mineral Projects). Mr Snow consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.
Intrepid exercises a strict chain of sample custody in its drilling program at Tujuh Bukit. Joint Venture personnel remove core from the drill rig and deliver it to a project geologist who logs the core and marks the core into two metre sample intervals. Intrepid and Joint Venture personnel supervise the immediate splitting, sawing and bagging of samples, and packaging of groups of samples for dispatch to the laboratory. The remainder of the split core remains on site.
Samples are securely packaged, batched, and then transported under supervision to Intertek's laboratory facility in Jakarta. At the laboratory, the samples are prepared by crushing and pulverizing and a 30 gram charge is assayed for gold by conventional fire assay and/or atomic absorption methods. Multi-element ICP analysis is carried out using a multi-acid digestion process. All samples that contain silver and/or copper, lead, and zinc values that exceed the upper detection limits for ICP are re-analysed by conventional atomic absorption methods to determine the absolute values of these metals.
Ian McMaster (Chairman)Colin G. Jackson (Deputy Chairman)Brad A. Gordon (Managing Director)Laurence W. Curtis (Non-executive Director)Robert J. McDonald (Non-executive Director)Alan Roberts (Non-executive Director)Adrianto Machribie (Non-executive Director)Vanessa Chidrawi (Company Secretary)
Stock Exchange Listing
ASX and TSX symbol: IAU
Taurus Funds Management 9.0%Acorn Capital 7.9%Van Eck Associates 6.5%Surya Paloh 5.0%
555,623,798 shares8,528,635 unlisted options2,954,150 unlisted share rights51,208,032 unlisted restricted performance rights
Matters related to shares held,change of address and tax filenumbers should be directed to:Computershare Investor ServicesGPO Box 2975, Melbourne, Victoria 3001, AustraliaTelephone: 1300 805 505 +61 3 9415 4000
ABN 11 060 156 452
Inquiries regarding this report and Company business may be
directed to: Intrepid Mines Limited
Brad Gordon, Managing Director, Chief Executive Officer,
(office) +61 7 3007 8000 or (mobile) +61 400 036 636
Intrepid Mines Limited
Investor Relations, Toronto, Canada
(office) +1 905 337 7673 or (mobile) +1 416 605 5120