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Intrepid Mines Limited (TSX:IAU) announced the suspension of operations at its Tujuh Butik Project in East Java Indonesia, at Indonesian joint venture partner behest without prior reference. All senior management has been asked to leave the site.
Intrepid Mines Limited (TSX:IAU) announced the suspension of operations at its Tujuh Butik Project in East Java Indonesia, at Indonesian joint venture partner behest without prior reference. All senior management has been asked to leave the site.
As quoted in the press release:
Intrepid is in compliance with, and has always been in compliance with, all of its obligations under the joint venture agreements in place and applicable law. This interruption will impact the Company’s timetable for delivery of an updated porphyry resource estimate and, further, may impact work on the updated oxide resource.
Click here to read the full press release.
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