Neptune Minerals is pleased to announce its results for the six months ended 31 December 2006.
Highlights:
Letter of Intent signed to commence Neptune’s second exploration programme (Kermadec ’07) in New Zealand
Management team strengthened with appointments of new Exploration Manager and Finance Manager
Six applications for exploration licences lodged in Papua New Guinea EEZ (‘Exclusive Economic Zone’)
Post reporting period highlights:
Agreement signed with Geo Subsea for Kermadec ’07 exploration programme
133 applications lodged within Japan EEZ waters
5 applications for exploration licences lodged in Papua New Guinea EEZ
Dr Simon McDonald, CEO of Neptune Minerals, said:
“During the last six months we have focused on the development work for the next phase of exploration and on adding new SMS applications to Neptune’s portfolio. We have successfully submitted a number of applications for the exploration licences and have reached agreement with GEO Subsea for the second phase of the Kermadec exploration programme. We are pleased with the progress achieved and look forward to commencing the Kermadec ’07 exploration program in April.”
END
