Realm upgrades resource of Katingan
Thursday, February 14 2013 - 02:21 AM WIB
By Ruli Setiawan
ASX-listed Realm Resources Ltd recently stated it has completed a resource upgrade following the phase three drilling program at its 51% owned Katingan Ria Project in Kalimantan.
?We are pleased that the final drilling programme has increased the confidence in the resource and significantly lifted measured and indicated resources from 10Mt to 50Mt," Chairman Richard Rossiter said.
He also stated that the resource upgrade paves the way for financing and development once the receipt of the final Pinjam Pakai (forestry) operations permit is granted, which is expected in H2 2013.
Editing by Er Audy Zandri