Strike Resources updates Berau coal project

The following is an excerpt from Australian firm Strike Resources Limited's (SRK) quarterly report ended 30 June 2011 released on Monday.

Berau Thermal Coal Project ? Indonesia (SRK 100%)
Paulsens East Iron Ore Project ? Pilbara, Western Australia During the Quarter Strike continued negotiations to restructure the Berau Project co-operation agreement to address issues raised by Indonesia?s 2009 Mining Law. As previously announced, the position adopted by the Company?s partner has raised uncertainty about whether negotiations will succeed and dispute resolution proceedings are now likely.

Paulsens East Iron Ore Project ? Pilbara, Western Australia
Strike has farmed out the iron ore rights in this project to Process Minerals International (?PMI?), a subsidiary of ASX-listed Mineral Resources Limited. PMI is well advanced in discussions with the Traditional Owners regarding approvals for the planned drilling program which is designed to extend and better define the current assessment of iron ore on the tenements and provide geotechnical data for mining studies. The commencement of this program is contingent on approvals from the Traditional Owners and SEWPAC and is therefore unlikely before the December quarter. Discussions with service providers and infrastructure owners are continuing in parallel with the exploration program. (end of excerpt)