Change of financial year-end
March 10 2010 - 2:42AM
UK Regulatory
TIDMFND
Change of financial year-end
Finders Resources Limited ("Finders") advises that the Australian Securities and
Investments Commission has granted the Company approval to change its financial
year-end from 30 June to 31 December so as to align the balance dates of
companies in the group. The change is effective from 31 December 2009 and the
first financial report following the change will be for the six months ended 31
December 2009. The financial report will be released on 16 March 2010.
For further information please contact
Finders Resources Limited:
Russell Fountain Non-Executive Chairman +61 2 9211 8299
Chris Farmer Managing Director info@findersresources.com
<mailto:info@findersresources.com>
Financial PR:
Nick Elwes College Hill (in the UK) +44 20 7457 2020
RFC Corporate Finance Ltd - Nomad:
Rob Adamson Managing Director +61 2 9250 0000
Stuart Laing Executive Director +61 8 9480 2500
FinnCap - Finders' Broker for the AIM market:
Mathew Robinson Corporate Finance Director +44 20 7600 1658
Joe Lunn Analyst +44 20 7600 1658
Background on Finders Resources
Finders, listed on AIM and ASX, is the operator of the Wetar Copper Project
(94% and earning), and the Ojolali Gold-Silver Project (72% with option), both
located in Indonesia.
At the Wetar Project, as part of a definitive feasibility study, a demonstration
SX-EW plant with 5t per day copper cathode capacity was commissioned in February
2009 and is permitted to process 100,000t of ore from the Kali Kuning deposit.
The demonstration plant is producing LME Grade A copper cathode at planned
rates. The Company is targeting commercial production of 20-25,000 tonnes per
year cathode, subject to final feasibility, permitting and project funding.
At the Ojolali Project, Finders controls what it considers to be a major new
epithermal gold district, and has been undertaking an extensive exploration
program comprising detailed drilling to establish an initial mining resource,
supported by extensive surface geophysical and geochemical surveys. Finders
believe that the Ojolali project has strong potential to generate cash flow
through open pit CIL/CIP development of the gold resource at the Jambi Oxide
gold deposit.
For further information please visit our website www.findersresources.com
<http://www.findersresources.com/>.
[HUG#1392375]
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