BQ 060 42yz8khy4m8bq0
User Manual: BQ 060
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Directors
Ian McMaster (Chairman)
Mike Oppenheimer (Deputy Chairman)
Scott Lowe (Managing Director)
Alan Roberts (Non-executive Director)
Derek Carter (Non-executive Director)
Nicole Bowman (Non-executive Director)
Vanessa Chidrawi (Company Secretary)
Stock Exchange Listing
ASX symbol: IAU
Shareholder Enquiries
Matters related to shares held,
change of address and tax file
numbers should be directed to:
Computershare Investor Services
GPO Box 2975, Melbourne, Victoria 3001,
Australia
Telephone: 1300 805 505
+61 3 9415 4000
Report to Shareholders
1
3 JUNE 2015
Intrepid Mines
Limited
ASX : “IAU”
Enquiries regarding this report
may be directed to:
Scott Lowe
Chief Executive Officer,
Sydney, Australia
(office) +61 2 9357 9000
info@intrepidmines.com
www.intrepidmines.com.au
ABN : 11 060 156 452
Intrepid Mines Limited
abn 11 060 156 452
Level 5, Suite 502,
78-80 William Street,
Woolloomooloo, NSW
2011, Australia
T: +61 2 9357 9000
F: +61 2 9332 1336
E: info@intrepidmines.com
W: www.intrepidmines.com
Intrepid Mines Limited:
Company Update
SYDNEY, 3 JUNE 2015: Intrepid Mines Limited (ASX: ‘IAU’) (“Intrepid or” the
“Company”) provides the following update on the Company’s activities:
KITUMBA UPDATE
Intrepid’s independent geological and resource consultants, The MSA Group, are
currently working on an update of the Kitumba Mineral Resource Estimate incorporating
the drilling data from the Company’s Phase 8 drilling program (see the Company’s
announcement dated 9 April 2015, for the results of this program). The updated Mineral
Resource Estimate is expected to be available in the third quarter of this year, following
which a market update will be provided on both the Mineral Resource and the Options
Study, which is now underway.
The Company is further expecting two additional rigs to arrive at the Kitumba site in
approximately one week, as part of its three-rig 2015 drilling program.
CORPORATE
Share Buy-Back and Unmarketable Parcels:
At the Company’s Annual General Meeting, held on 28 May 2015, shareholders granted
approval for the Company to conduct an on-market buy-back of up to 20% of the
Company’s issued ordinary shares, over a period of twelve months. The Board will
monitor market conditions closely, to evaluate whether it is prudent and in shareholders’
interests for the buy-back to proceed.
Further, to assist holders of unmarketable parcels of shares, and improve the efficiency
of the Company’s administration, Intrepid will shortly undertake a sale of unmarketable
parcels of shares, and the required notifications will be made in the coming month.
Remuneration Review:
Intrepid’s Remuneration and Nominations Committee has recently undertaken a
remuneration review for senior executives, under the guidance of an independent
remuneration consultant. The review has resulted in a decision to overhaul the
short-and long-term incentive plans in place for the Company’s executives, and
the amendment of the Company’s Executive Remuneration Strategy document is
underway.
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