Intec ASX Announcement 17.2.04 @ 5.29pm
Highlights:
What's new
…
1) Awarded Aust
Govt Industry Research & Development Grant for $1.43M – grant covers
construction, commissioning, and operation of the Intec Gold Process (IGP) pilot
plant.
NB Construction
of IGP pilot plant was completed during the last quarter of last year with
assistance of Ivanhoe Mines (IVN). The pilot plant, located on Ammtec Ltd (AEC)
premises, is now operational and has since undertaken a full test-work programme
on tailings from Hellyer's Tailings Dam.
Benefits of this
grant …
2) The Hellyer
Metals Project; including a mill, mining & exploration tenements, and
tailings dam (refer approx value previous notices) is NOW 100% OWNED BY INTEC
UNDER A NEWLY CREATED SUBSIDIARY; HELLYER METALS PTY LTD (previously owned by
IVNL Gold Pty Ltd which was 50/50 owned by Intec/Ivanhoe). Ivanhoe Mines continues to support the
project operationally and as a major shareholder of Intec, but no longer has a
direct investment in the project.
Plans for the
Future …
3) Results of
the IGP pilot plant campaign will be used in the design, construction, and
operation of an Intec Polymetallic Demonstration Plant (numerous metals)
initially to process Hellyer metals, then on a paid basis for 3rd
party feeds. It will be constructed at Ammtec's new metallurgical research
facility in Burnie, Tasmania.
Summary:
·
100% ownership of Hellyer =
= value of
Hellyer Metals to Intec now 100% which means it has doubled since their previous
announcement.
·
Pilot plant is already processing gold from
Hellyer tailings dam..
·
Now planning to design, construct, and operate a
polymetallic demo plant
= ability to
process their own Hellyer metals – gold, copper, etc.
= capacity to
demonstrate processes to would-be licensees of their patented gold + copper + + +
hydrometallurgical mineral processing technologies.
----- Original Message -----
Sent: Tuesday, February 10, 2004 12:31
PM
Subject: Re: [sharechat] INL -
Intec
I consider this stock to be worth more than its
present price due to the speed of their IRGP in comparison with standard
mining processes, i.e.;
no mining/digging is required as Intec's
patented Refractory Gold Process (IRGP) is able to process the refractory
gold already above ground within the Hellyer tailings dam.
INL
retraced following the announcement of the Hellyer acquisition and the
rally that followed in January (17.5c down to 12c).
The majority of
holders under 12c would be the long-termers so this should mean the gap has
already been filled.
I recommend anyone interested in Intec (INL)
visit their website to gain a better understanding of their patented processes
which apply to gold, copper, etc.
It would be wise to understand why
Intec will be able to gear up and produce gold much faster than can be
achieved using standard mining processes.
http://www.intec.com.au/html/home/default.shtm
Regards,
Cris
----- Original Message -----
Sent: Tuesday, February 10, 2004 10:32
AM
Subject: Re: [sharechat] INL
Update: Intec (INL)
I anticipate Intec will be following up soon
with an announcement
regarding progress on the Hellyer Project (approx
A$1.6b in contained
metals). Intec and Ivanhoe Mines acquired 50%
each.
Hopefully that will occur within the next few
weeks.
Regards,
Cris
----- Original Message -----
Sent: Monday, February 02, 2004 2:05
PM
Subject: Re: [sharechat] Chris
---> INL
Hi Baa,
Here's a really brief overview:
- Intec initially developed a patented
hydrometallurgical process for copper and has since been adapting
and patenting this process to suit other minerals. All processes
developed are offered under license.
- a copper processing pilot plant
(employing Intec's process) has been in operation for some time now in
Hitachi, Japan - was constructed by Nippon Mining & Metals Co
Ltd (NMM), an Intec sub-licensee (the Japanese govt agency, New Energy
and Industrial Technology Development Organisation, and Mitsui Mining
& Smelting Co Ltd co-funded with NMM on the Intec Copper Pilot Plant
Programme.)
- Rautomead in Scotland (world leader in its
field) used the A grade purity molten copper processed by this
technology to create upwardly cast oxygen-free copper wire rod.
- Intec's process results in cheaper
production costs (shorter production path) and is environmentally
superior - no cyanide is employed in the process - reduces
environmental clean-up costs
- Intec Refractory Gold Process (IRGP) is
suited to approx 30% of the world's gold (from memory)
- Ivanhoe doesn't own Intec. Ivanhoe Mines is
a major shareholder of Intec (INL) - 23.2%.
- Ivanhoe and Intec set up IVNL Gold
Pty Ltd as a jointly owned (50/50) separate company that could
bid for the Hellyer project - IVNL Gold Pty Ltd was
successful in acquiring Hellyer.
- Hellyer tailings dam (above
ground) - gold, zinc, lead, silver, copper (in descending order of
value) - as at 31 December - value approx A$1.6 billion - (NB
lower cost to produce - no need to dig it out from
underground)
- Intec has recently completed a pilot
de,onstration plant for the IRGP process and is able to process
gold now and prove the benefits of its patented technology. First
gold processed will be Ivanhoe's. Second will be Intec's/Ivanhoe's,
i.e.; Hellyer.
- Intec is not an explorer, but the fact they
don't blow big holes in the ground shouldn't preclude them
from being classified as a producer as they still produce gold
(even if from tailings). However; am prepared to be corrected if
majority feel they don't fall
into a broader definition of 'producer'.
- Intec perform paid consulting work for
mining industry - they will be one of many
related businesses that will benefit from upward metal prices and
cashed up mining companies seeking to upgrade or implement new
processing technologies or implementing environmentally-friendlier
processes
- Intec in a position to create earlier
cash flow than would have been expected prior to Hellyer
acquisition
Hope this is sufficient for now.
Regards,
Cris
----- Original Message -----
Sent: Monday, February 02, 2004
11:54 AM
Subject: [sharechat] Chris --->
INL
Still keen to hear your views on why this is a decent
stock play. We got to
the point of noting it was a gold refiner as a
byproduct of refining other
metals, mainly zinc and copper. It
partly owns a stake in Hellyer. Heres the
chart ...
http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=au%3Ainl&sid=0&o_symb=au%3Ainl&freq=2&time=20
C'mon
back.
_________________________________________________________________
Surf
the net and talk on the phone with Xtra Jetstream @
http://www.xtra.co.nz/products/0,,5803,00.html
!
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