Finders mulls over Ojolali options

FINDERS Resources is looking at strategic options for its Ojolali gold-silver project in Indonesia with an initial public offering the most likely outcome.
Finders mulls over Ojolali options Finders mulls over Ojolali options Finders mulls over Ojolali options Finders mulls over Ojolali options Finders mulls over Ojolali options

A spokesperson for the Sydney-based company told MiningNews.net that while an IPO is the most likely path, the project may also receive considerable interest from potential strategic partners including established Indonesian operators.

Octa Phillip Financial Group has been appointed to assist in the process. The company has a Jakarta office which will assist in the marketing of the project to Indonesian investors.

A separate management team is likely to be appointed for the project following the outcome of the strategic review, which is expected by the end of the second quarter.

The project is an advanced gold-silver prospect covering 13 square kilometre system with numerous shoots in Lampung Province of southern Sumatra.

Ojolali lies within the Sumatran Gold Belt, which includes the Martabe, Lebong Donok, Lebong Tandai, Pongkor and Way Linggo deposits.

Shares in Finders have dipped 0.5c to 38.5c in morning trade.

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