The Company today announced its Preliminary Final Report for the
financial year ending 30 June 2001, which reported a loss of $6.1m.
$5.6m of the reported loss is due to a reassessment of the carrying value of the inventories of copper in the heap leach pads at the Mt Cuthbert Operation.
The reassessment of the carrying value of the
copper inventories is a direct result of the significant decline
in the Australian dollar copper price, which in turn has required
the accounting adjustment to be made.
Andrew Chapman
Chief Executive Officer
Investor Presentation - Dec 7th 2007 (click here)
Mining 2006 Brisbane - Presentation
- Oct 2nd 2006 (click here)