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CASSIUS MINING LIMITED — Capital/Financing Update 2012
Oct 24, 2012
64667_rns_2012-10-24_b8d5f5ac-809a-44bb-b771-b1ed78a71a90.pdf
Capital/Financing Update
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25 OCTOBER 2012
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ASX ANNOUNCEMENT
OPERATIONS UPDATE
Gulf Industrials Limited (ASX: GLF) wishes to advise that on an interim basis it has stopped production at its Namekara Vermiculite Project in Uganda until stock levels are reduced to a manageable level.
Dupré Minerals Limited (“Dupré”), a leading UK based vermiculite distributor and the exclusive distributor of the production at Namekara Vermiculite Project continues to purchase the company’s vermiculite at reduced levels until the vermiculite markets pick up.
The Board is continuing discussions with various parties in respect to providing finance facilities to the company with a further update expected shortly.
Further Information
Mark Arnesen, CEO Wayne Kernaghan, Company Secretary
t | +61 2 8247 5333 t | +61 2 8247 5333
Gulf Industrials Limited │ Level 10 Gold Fields House 1 Alfred Street Sydney NSW 2000 PO Box R745 Royal Exchange NSW 1225 Australia t +61 2 8247 5333 f +61 2 9247 7722
ACN 115 027 033