TIDMFND
FINDERS RESOURCES LIMITED
HALF YEAR FINANCIAL REPORT
SIX MONTHS ENDED 31 DECEMBER 2008
DIRECTORS' REVIEW
Result
The Finders group report a consolidated loss after tax of $5.7
million (Half year 2007: $2.2 million) for the six months ended 31
December 2008. The major contributor to the loss was the write-off
of pre-production costs at the Wetar heap leach solvent
extraction-electrowinning (SX-EW) demonstration project. The group
incurred $3.8 million in pre-production costs during the period.
These costs have been expensed in the half year accounts.
The half year marked the completion of construction of the Wetar
demonstration plant on the Indonesian island of Wetar. The
demonstration plant was commissioned in early 2009 with first copper
cathode production in early February 2009. The plant is now
producing at its nameplate capacity of 5 tonnes copper cathode a
day. A maiden shipment of 61 tonnes of copper cathode was despatched
from Wetar on 6 March 2009.
As required under accounting standards, the group has made a
provision of $1.3 million for rehabilitation at Wetar. The provision
represents the present value of the estimated future costs of
rehabilitation and restoration of the Wetar site. The provision has
been capitalized as part of the project costs and will be expensed
against profits over the life of the operations.
Cashflow
Funding during the half year was provided by the placement of new
shares which raised $5.3 million, drawdown of the balance of a US$5
million secured loan facility, deferred settlement terms on the
acquisition of a supply vessel and creditors.
The funds raised were largely invested in developing the Wetar
demonstration project. A total of $10.1 million was paid for plant
and equipment, development costs and the feasibility study. Minimal
expenditure was incurred on the group's gold exploration leases at
Ojolali in Sumatra.
The delay in completing the Wetar project on the original schedule
has strained the group's financial position. Subsequent to 31
December 2008, the company raised further funds as follows -
a) US$1.5 million pursuant to a Convertible Note Facility
Agreement with Resource Capital Fund IV L.P.;
b) Loans totalling A$714,000 from four directors of the
company, Messrs Russell Fountain, Christopher
Farmer, Robert Thomson and Stephen de Belle.
The company is currently conducting a further round of capital
raising to secure sufficient funds to complete the Wetar feasibility
study, retire outstanding creditors and for working capital.
As stated above, the Wetar project is currently producing 5 tonnes of
copper cathode a day. The cashflow from copper cathode sales will be
a useful contribution towards the group's funding needs.
Borrowings
Total borrowings increased from $4.2 million at 30 June 2008 to $8.2
million at 31 December 2008. The borrowings have been classified as
current liabilities (30 June 2008: non-current liabilities) as the
loans are repayable by 31 December 2009.
The secured loan facility was fully drawn down during the half year
and together with capitalised costs and interest the loan outstanding
at 31 December 2008 was US$5.4m. Due to the much weaker A$/US$
exchange rate, the loan totalled A$7.8m at balance date.
Wetar Copper Demonstration Plant
Copper cathode production commenced at Wetar in early February 2009.
The demonstration plant was built to prove the leachability of the
Wetar ore under various operating conditions. The demonstration
plant is a full scale SX-EW plant with a nameplate production
capacity of 5 tonnes copper cathode per day. A total of 100,000
tonnes of ore is being mined and stacked on three test heaps. The
performance of the first heap has so far met expectations, with
leaching characteristics in line with column test results. The heaps
show excellent percolation characteristics and strong initial
leaching of copper which bodes well for the expected development of
the full scale project.
The Wetar project contains a mineral resource estimated at 9 Mt at
2.4% copper, or 218,000 tonnes of contained copper, at a 0.5% copper
cutoff. It is expected that almost all of the mineral resources will
be converted into ore reserves upon the completion of further mine
planning and feasibility study work. The company is targeting copper
cathode production of 20,000 - 25,000 tonnes per year by 2010,
subject to completion of the definitive feasibility study and project
financing. At that production rate, the Wetar project has a mine
life of up to 10 years.
Exploration
Total exploration expenditure for the half year on Wetar (including
feasibility study costs) and the Ojolali gold project in Sumatra
amounted to $3.3 million (Half year 2007: $1.1 million). Minimal
expenditure was incurred on the Ojolali exploration leases as all
cash and human resources were directed towards completing the Wetar
demonstration plant.
Investment
The company holds 5.9 million shares in Geopacific Resources NL, an
ASX-listed company focussed on gold exploration in Fiji.
The investment in Geopacific is a non-core asset and the company will
consider divesting of the shares at the appropriate time.
Outlook
With the Wetar demonstration plant now in production, the group's
priority is to complete the feasibility study, with a view to
unlocking the value of the project through the development of a
20,000 - 25,000 tonnes per year copper cathode operation. Initial
results from the demonstration plant have added to the already high
confidence level that the project is technically feasible and
economic.
To complete the feasibility study, the company is currently in
advanced discussions with potential investors to raise sufficient
funds for that purpose, retire outstanding creditors and to provide
additional working capital. Subject to raising the required funds,
the directors are optimistic that the group will achieve its aim of
developing the Wetar project into a substantial copper cathode
operation.
DIRECTORS' REPORT
Your directors submit the financial report of the
consolidated group for the half-year ended 31 December
2008.
Directors
The directors who held office during the financial
period and up to the date of this report are -
Dr Russell Fountain (Executive Chairman)
Dr Chris Farmer (Managing Director)
Mr Robert Thomson (Executive Director - Development)
Mr Stephen de Belle (Non - Executive Director)
Mr Steve Lonergan (Non - Executive Director)
Mr Ian Neuss (Alternate Director for Dr Russell
Fountain)
Review and Results of Operations
A review of the consolidated entity's operations during
the half-year is set out on pages 2 and 3.
Auditor's Independence Declaration
The lead auditor's independence declaration under
section 307C of the Corporations Act 2001 is set out on
page 5.
Rounding of amounts to nearest thousand
dollars
The company is of a kind referred to in Class Order 98/0100
dated 10 July 1998 issued by the Australian Securities &
Investments Commission and in accordance with that Class Order,
amounts in the Directors' Report and the Half Year Financial
Report have been rounded off to the nearest thousand dollars,
unless otherwise stated.
This report is signed in accordance with a resolution
of the Board of Directors.
...............................................
Dr Russell Fountain
Executive Chairman
...............................................
Mr Stephen de Belle
Director
Sydney, 13 March 2009
Auditor's Independence Declaration Under Section 307C
of the Corporations Act 2001
To the Directors of Finders Resources Ltd and Controlled Entities
I declare that, to the best of my knowledge and belief, during the
half-year ended 31 December 2008 there have been:
(a) no contraventions of the auditor independence
requirements as set out in the Corporations Act 2001 in
relation to the review; and
(b) no contraventions of any applicable code of
professional conduct in relation to the review.
A D Danieli
Chartered Accountants
Sam Danieli
Principal
10 March 2009
CONSOLIDATED BALANCE SHEET
AS AT 31 DECEMBER 2008
Note 31 Dec 2008 30 Jun 2008
$'000 $'000
CURRENT ASSETS
Cash and cash equivalents 412 4,988
Receivables - 425
Financial assets 354 129
Inventories 15 -
Other assets 212 629
Total Current Assets 993 6,171
NON-CURRENT ASSETS
Receivables 2,045 -
Financial assets - 378
Plant and equipment 9,656 3,901
Development expenditure 4,695 3,195
Exploration expenditure 4 4,415 1,961
Other assets 452 808
Total Non-Current Assets 21,263 10,243
Total Assets 22,256 16,414
CURRENT LIABILITIES
Trade and other payables 4,723 2,199
Borrowings 8,208 -
Total Current Liabilities 12,931 2,199
NON-CURRENT LIABILITIES
Borrowings - 4,217
Provision 5 1,327 -
Total Non-Current Liabilities 1,327 4,217
Total Liabilities 14,258 6,416
NET ASSETS 7,998 9,998
EQUITY
Issued capital 2 33,382 28,025
Reserves 214 1,892
Accumulated losses (25,598) (19,919)
TOTAL EQUITY 7,998 9,998
Total equity consists of:
Parent entity interest 7,998 9,998
Minority equity interest - -
7,998 9,998
The accompanying notes form part of these financial statements.
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR the half year ended 31 december 2008
Foreign
Financial Currency
Share Capital Accumulated Asset Translation
Ordinary Losses Reserve Reserve Total
$'000 $'000 $'000 $'000 $'000
Balance at 1 28,025 (19,919) 24 1,868 9,998
July 2008
Share issues 5,357 - - - 5,357
Loss
attributable - (5,679) - - (5,679)
to members
of parent
entity
Adjustments
from - - - (1,678) (1,678)
translation
of foreign
controlled
entities
Balance at
31 December 33,382 (25,598) 24 190 7,998
2008
Balance at 1 18,061 (13,243) 1,971 700 7,489
July 2007
Adjustment
on
application
of AASB 139
for fair - - (413) - (413)
value on
shares in
listed
entities
Shares
issued 25 - - - 25
during the
period
Loss
attributable
to members - (1,740) - - (1,740)
of parent
entity
Loss
attributable - (493) - - (493)
to minority
shareholders
Adjustments
from
translation - - - (104) (104)
of foreign
controlled
entities
Adjustments
for
additional
investments - (47) - - (47)
in
controlled
entities
Balance at
31 December 18,086 (15,523) 1,558 596 4,717
2007
The accompanying notes form part of these financial statements.
CONSOLIDATED CASH FLOW STATEMENT
FOR THE HALF YEAR ENDED 31 DECEMBER 2008
Six months Six months
ended ended
31 Dec 2008 31 Dec 2007
$'000 $'000
CASH FLOWS FROM OPERATING ACTIVITIES
Payments to suppliers and employees (879) (1,381)
Interest received 51 115
Taxes and value added tax paid (1,110) (164)
Other Income - 7
Net cash provided by (used in) operating (1,938) (1,423)
activities
CASH FLOWS FROM INVESTING ACTIVITIES
Payment for plant and equipment (4,550) (196)
Payment for development expenditure (5,619) (812)
Payment for exploration expenditure (914) (1,087)
Payment for shares in subsidiary acquired (325) -
from minority shareholder
Net cash provided by (used in) investing (11,408) (2,095)
activities
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from issue of shares 5,586 25
Payment for share issue expenses (229) -
Proceeds from borrowings 1,701 -
Repayment of borrowings (34) -
Cash received in relation to share issue in - 4,158
progress
Net cash provided by (used in) financing 7,024 4,183
activities
Net increase/(decrease) in cash held (6,322) 665
Cash and cash equivalents at beginning of 4,988 5,157
period
Effect of changes in exchange rates 1,746 (152)
Cash and cash equivalents at end of period 412 5,670
The accompanying notes form part of these financial statements.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE HALF-YEAR ENDED 31 DECEMBER 2008
Note 1: BASIS OF PREPARATION
The half-year consolidated financial statements are a general
purpose financial report prepared in accordance with the
requirements of the Corporations Act 2001, Accounting Standard
AASB 134: Interim Financial Reporting, Australian Accounting
Interpretations and other authoritative pronouncements of the
Australian Accounting Standards Board.
The half-year report does not include full disclosures of the
type normally included in an annual financial report and
therefore cannot be expected to provide as full an understanding
of the financial performance, financial position and cashflows of
the consolidated entity as the annual financial report.
The half year financial report should be read in conjunction with
the annual financial report for the year ended 30 June 2008. It
is also recommended that this financial report be considered with
any public announcements made by Finders Resources Limited and
its controlled entities during the half-year in accordance with
the continuous disclosure requirements arising under the
Corporations Act 2001.
The Accounting policies have been consistently applied by the
entities in the consolidated group and are consistent with those
in the 30 June 2008 annual financial report.
Reporting Basis and Convention
The half-year report has been prepared on an accrual basis and is
based on historical costs modified by the revaluation of selected
non-current assets, financial assets and financial liabilities
for which the fair value basis of accounting has been applied.
Going Concern
At 31 December 2008, the consolidated entity had current assets of
$0.99 million and current liabilities of $12.93 million of which $7.8
million is repayable on 31 December 2009. AASB101 requires that,
when preparing financial reports, management is to make an assessment
of the entity's ability to continue as a going concern. When doing
so, management is required to address and disclose any material
uncertainties related to events or conditions that may cast
significant doubt on the entity's ability to continue as a going
concern.
The uncertainties which the Directors have addressed are the current
difficulties in the debt and equity markets which may adversely
affect the Company's ability to raise equity capital in the short
term to pay creditors and to refinance a loan repayment due on 31
December 2009. As noted in Note 5 Events After Balance Date, the
company has already this year raised US$1.5 million through a
convertible note facility and A$714,000 in loans from directors of
the company and arranged an advance payment facility of up to US$2.0
million (A$2.9 million) following commencement of production at Wetar
under an agreement linked to a copper offtake contract in
circumstances which are at least as difficult as the circumstances
which the Directors believe lie ahead in 2009.
The company is currently in advanced discussions with potential
investors to raise further funds to complete the Wetar project
feasibility study and for working capital. The directors have
reasonable expectation to believe that the current discussions will
lead to a successful capital raising which, with cash flow from the
Wetar demonstration plant, will inject sufficient funds into the
company to enable it to at least pay its outstanding creditors and
the Directors are confident that additional funds can be raised to
ensure payment of the $7.8 million loan repayment due on 31 December
2009.
Rounding of amounts to nearest
thousand dollars
The company is of a kind referred to in Class Order 98/0100 dated 10
July 1998 issued by the Australian Securities & Investments
Commission and in accordance with that Class Order, amounts in the
Directors' Report and the Half Year Financial Report have been
rounded off to the nearest thousand dollars, unless otherwise stated.
31 Dec 2008 30 Jun 2008
$ $
NOTE 2: ISSUED SECURITIES
Ordinary shares
84,051,835 (30 June 2008: 74,911,425) 33,382,306 28,025,197
fully paid ordinary shares
Movement: Number Number
At beginning of reporting period 74,911,425 65,624,136
Shares issued during the period:
Exercise of options 10,400 52,000
Issued under Share Purchase 271,657 -
Plan
Placement of shares 8,650,020 9,165,289
Issued in payment of fees 208,333 -
Shares issued to employees - 70,000
At end of reporting period 84,051,835 74,911,425
Options
At 31 December 2008, the following unlisted options were on issue -
Number Expiry date Exercise price
3,090,367 20 March 2009 50 cents
1,322,881 22 March 2009 24 pence
500,000 13 June 2010 68.75 cents
4,913,248
Note 3: OPERATING SegmentS
The consolidated entity operates in two geographical locations, being
Australia and Indonesia. Its minerals business is based in Indonesia
where it is developing a copper project on the island of Wetar and
conducting mineral exploration on Wetar Island and Sumatra.
In the 2008 Annual Report, segment information was reported based on
geographical locations. The primary reporting segments below is
based on the consolidated entity's current reporting structure, being
Copper Mining, Exploration and Head Office Administration.
Copper mining is centred on the Wetar Project. Copper cathode
production commenced in February 2009, hence no sales revenue was
derived during the half year. Copper cathode sales revenue is being
derived from March 2009.
+-------------------------------------------------------------------------+
| | | |
|-------------------------------------------------------------------------|
| | Copper Mining | Exploration | Total |
|---------------------+----------------+---------------+------------------|
| | Six | Six | Six | Six | Six | Six |
| | months |months |months |months | months | months |
| | ended | ended | ended | ended | ended | ended |
| | 31 Dec |31 Dec |31 Dec |31 Dec | 31 Dec | 31 Dec |
| | 2008 | 2007 | 2008 | 2007 | 2008 | 2007 |
| | $'000 | $'000 | $'000 | $'000 | $'000 | $'000 |
|---------------------+--------+-------+-------+-------+--------+---------|
|Revenue | | | | | | |
|---------------------+--------+-------+-------+-------+--------+---------|
|Sales revenue | -| -| -| -| -| -|
|---------------------+--------+-------+-------+-------+--------+---------|
|Unallocated revenue | | | | | 51| 122|
|---------------------+--------+-------+-------+-------+--------+---------|
|Total revenue | | | | | 51| 122|
|---------------------+--------+-------+-------+-------+--------+---------|
| | | | | | | |
|---------------------+--------+-------+-------+-------+--------+---------|
|Profit or loss | | | | | | |
|---------------------+--------+-------+-------+-------+--------+---------|
|Segment loss | (1,609)| (983)| (511)| (787)| (2,120)| (1,770)|
|---------------------+--------+-------+-------+-------+--------+---------|
|Pre-production costs | (3,786)| -| -| -| (3,786)| -|
|written off | | | | | | |
|---------------------+--------+-------+-------+-------+--------+---------|
|Unallocated income | | | | | | |
|less unallocated | | | | | | |
|expenses | | | | | 227| (462)|
|---------------------+--------+-------+-------+-------+--------+---------|
|Loss before income | | | | | (5,679)| (2,232)|
|tax | | | | | | |
|---------------------+--------+-------+-------+-------+--------+---------|
|Income tax expense | | | | | -| -|
|---------------------+--------+-------+-------+-------+--------+---------|
|Loss after income tax| | | | | (5,679)| (2,232)|
|---------------------+--------+-------+-------+-------+--------+---------|
| | | | | | | |
|---------------------+--------+-------+-------+-------+--------+---------|
| | 31 Dec| 30 Jun| 31 Dec| 30 Jun| 31 Dec| 30 Jun|
| | 2008| 2008| 2008| 2008| 2008| 2008|
|---------------------+--------+-------+-------+-------+--------+---------|
|Assets | | | | | | |
|---------------------+--------+-------+-------+-------+--------+---------|
|Segment assets | 20,423| 10,782| 351| 447| 20,774| 11,229|
|---------------------+--------+-------+-------+-------+--------+---------|
|Unallocated assets | | | | | 1,482| 5,185|
|---------------------+--------+-------+-------+-------+--------+---------|
|Total assets | | | | | 22,256| 16,414|
|---------------------+--------+-------+-------+-------+--------+---------|
| | | | | | | |
|---------------------+--------+-------+-------+-------+--------+---------|
|Liabilities | | | | | | |
|---------------------+--------+-------+-------+-------+--------+---------|
|Segment liabilities | 5,383| 1,824| 261| 66| 5,644| 1,890|
|---------------------+--------+-------+-------+-------+--------+---------|
|Unallocated | | | | | 8,614| 4,526|
|liabilities | | | | | | |
|---------------------+--------+-------+-------+-------+--------+---------|
|Total liabilities | | | | | 14,258| 6,416|
|---------------------+--------+-------+-------+-------+--------+---------|
| | | | | | | |
|-------------------------------------------------------------------------|
| |
|-------------------------------------------------------------------------|
|NOTE 4: EXPLORATION EXPENDITURE |
|-------------------------------------------------------------------------|
|Exploration expenditure represents costs carried forward in respect of |
|the Wetar Project feasibility study. |
|-------------------------------------------------------------------------|
| |
+-------------------------------------------------------------------------+
NOTE 5: PROVISION FOR REHABILITATION
The consolidated entity will be obliged to rehabilitate and restore
the Wetar Demonstration Project site on cessation of operations. To
that end it has made a provision in the half-year accounts for
rehabilitation costs expected to be incurred. The estimated costs
are based on current costs, current legal requirements and current
technology. The estimated costs, discounted to its net present
value, are provided for and capitalized as part of the project
costs. These costs are charged against profits over the life of the
operations, through the depreciation of the asset and the unwinding
of the discount on the provision.
NOTE 6: EVENTS AFTER BALANCE DATE
Subsequent to 31 December 2008, the company entered into the
following agreements to raise further funds for working capital -
a) a US$1.5 million Convertible Note Facility Agreement
("Facility") with Resource Capital Fund IV L.P. The
Facility has been fully drawn down;
b) Loans agreements totalling A$714,000 from four directors of
the company, Messrs Russell Fountain,
Christopher Farmer, Robert Thomson and Stephen de Belle;
and
c) advance payment facility of up to US$2.0 million (A$2.9
million) following commencement of production at
Wetar under an agreement linked to a copper offtake
contract.
The company is also in advanced discussions with potential investors
to raise further funds to complete the Wetar feasibility study,
retire outstanding creditors and for working capital.
The Wetar Demonstration Plant commenced copper cathode production in
February 2009. Cashflow from copper cathode sales will supplement
the group's funding requirements.
NOTE 7: COMPARATIVE INFORMATION
Certain comparative numbers have been reclassified to conform with
the current period presentation.
DIRECTORS' DECLARATION
In the opinion of the directors:
1. the financial statements and notes, as set out on pages 6 to
13:
a. comply with Accounting Standard AASB 134
Interim Financial Reporting and the
Corporations Regulations 2001; and
b. give a true and fair view of the consolidated
entity's financial position as at 31 December
2008 and of its performance for the half-year
ended on that date.
2. there are reasonable grounds to believe that the company
will be able to pay its debts as and when they become due
and payable.
This declaration is made in accordance with a resolution of the Board
of Directors.
..............................................
Dr Russell Fountain
Executive Chairman
..............................................
Mr Stephen de Belle
Director
Sydney, 13 March 2009
Independent Review Report
To the Members of
Finders Resources Ltd and Controlled Entities
ABN: 82 108 547 413
Report on the Half-Year Financial Report
We have reviewed the accompanying half-year financial report of
Finders Resources Ltd and Controlled Entities (the consolidated
entity) which comprises the balance sheet as at 31 December 2008, and
the income statement, statement of changes in equity and cash flow
statement for the half-year ended on that date, a statement of
accounting policies, other selected explanatory notes and the
directors' declaration.
Directors' responsibility for the Half-Year Financial Report
The directors of the consolidated entity are responsible for the
preparation and fair presentation of the half-year financial report
in accordance with Australian Accounting Standards (including the
Australian Accounting Interpretations) and the Corporations Act 2001.
This responsibility includes establishing and maintaining internal
control relevant to the preparation and fair presentation of the
half-year financial report that is free from material misstatement,
whether due to fraud or error; selecting and applying appropriate
accounting policies; and making accounting estimates that are
reasonable in the circumstances.
Auditor's responsibility
Our responsibility is to express a conclusion on the half-year
financial report based on our review. We conducted our review in
accordance with Auditing Standard on Review Engagements ASRE 2410
Review of an Interim Financial Report Performed by the Independent
Auditor of the Entity, in order to state whether, on the basis of the
procedures described, we have become aware of any matter that makes
us believe that the financial report is not in accordance with the
Corporations Act 2001 including: giving a true and fair view of the
consolidated entity's financial position as at 31 December 2008 and
its performance for the half-year ended on that date; and complying
with Accounting Standard AASB 134: Interim Financial Reporting and
the Corporations Regulations 2001. As the auditor of Finders
Resources Ltd and Controlled Entities, ASRE 2410 requires that we
comply with the ethical requirements relevant to the audit of the
annual financial report.
A review of a half-year financial report consists of making
enquiries, primarily of persons responsible for financial and
accounting matters, and applying analytical and other review
procedures. A review is substantially less in scope than an audit
conducted in accordance with Australian Auditing Standards and
consequently does not enable us to obtain assurance that we would
become aware of all significant matters that might be identified in
an audit. Accordingly, we do not express an audit opinion.
Independence
In conducting our review, we have complied with the independence
requirements of the Corporations Act 2001. We confirm that the
independence declaration required by the Corporations Act 2001,
provided to the directors of Finders Resources Ltd and Controlled
Entities on 10 March 2009, would be in the same terms if provided to
the directors as at the date of this auditor's review report.
Conclusion
Based on our review, which is not an audit, we have not become aware
of any matter that makes us believe that the half-year financial
report of Finders Resources Ltd and Controlled Entities is not in
accordance with the Corporations Act 2001 including:
(a) giving a true and fair view of the consolidated entity's
financial position as at 31 December 2008 and of its performance for
the half-year ended on that date; and
(b) complying with Accounting Standard AASB 134 Interim Financial
Reporting and Corporations Regulations 2001.
Material Uncertainty Regarding Continuation as a Going Concern
Without qualifying our opinion, we draw attention to Note 1 in the
financial report which indicates that the company incurred a net loss
of $5,679,000 during the period ended 31 December 2008 and, as of
that date, the company's current liabilities exceeded its current
assets by $11,938,000. These conditions, along with other matters as
set forth in Note 1, indicate the existence of a material uncertainty
which may cast doubt about the company's ability to continue as a
going concern.
A D DANIELI
Chartered Accountants
Sam Danieli
Principal
Sydney, 13 March 2009
CORPORATE DIRECTORY
Directors Russell John Fountain Executive Chairman
Christopher Ben Farmer Managing Director
Robert Peter Thomson Executive Director
Stephen Ross de Belle - Development
Stephen John Lonergan Non-Executive
Ian David Neuss Director
Non-Executive
Director
Alternate for RJ
Fountain
Secretary Ian Morgan
Offices Registered Office and Principal Indonesian Office
Place of Business
Suite 51, Level 3 Level 9, Room 931
330 Wattle Street Patra Office Tower
Ultimo NSW 2007 Jl Jend. Gatot
Subroto 32-34
Jakarta, Indonesia
Telephone + (612) 9211 8299
Fax + (612) 9212 0200
Email info@findersresources.com
Website www.findersresources.com
Stock Exchange ASX: FND
Listings AIM: FND
Nominated Adviser RFC Corporate Finance Limited Level 8, QV1
(for the AIM Level 14, 19-31 Pitt Street Building
Market of the Sydney NSW 2000 Australia 250 St Georges
London Stock Terrace
Exchange) Perth WA 6000
Australia
Broker JM Finn Capital Markets Limited
4 Coleman Street
London EC2R 5TA United Kingdom
Share Registry Australia United Kingdom
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Pty Limited Investor Services
60 Carrington Street Plc
Sydney NSW 2000 Australia The Pavilions
Telephone + (612) 8234 5400 Bridgewater Road
Bristol BS99 7NH
United Kingdom
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