Finders considers strategic alternatives for Ojolali project
Monday, March 26 2012 - 01:29 AM WIB
Australia listed firm Finders Resources Limited said it had commenced a process to evaluate strategic alternatives for Finders? Ojolali Gold-Silver project and had appointed Octa Phillip Financial Group to assist.
The company said in a press statement on Monday that its Ojolali project had considerable value, although not yet reflected in the Finders share price. It is considering options to accelerate the development of the project.
The Ojolali project is an advanced gold-silver prospect covering a 13km2 system with numerous shoots in Lampung Province of southern Sumatra.
It lies within the highly productive Sumatran Gold Belt, which includes Martarbe (+3.7 moz), Lebong Donok (1.5 moz), Lebong Tandai (1.3 moz), Pongkor (3 moz) and Way Linggo deposits (0.25 moz).
Editing by Benget Besalicto Tnb.