Re: FAM Stream Log - "IHC's appointment for the Pituffik...

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11:02 07/06/2016

"IHC's appointment for the Pituffik project is a positive development. FinnAust and IHC would work to define an optimised development solution that includes in-house wet mining equipment and high-level cost estimation for Pituffik. IHC's good understanding and global experience in operating efficient and advanced dredging equipment in all types of environment complement FinnAust's work. Recently, the company appointed NIRAS Greenland A/S and Orbicon A/S to support the completion of various permitting and regulatory work at the Pituffik Titanium Project in Greenland. FinnAust also reported positive results from an offshore survey conducted at Pituffik. The results indicated significant titanium volumes extending over a large area, which further enhanced the potential resource base." From beaufort's note out this morning on Research Tree

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