Mr Luk Hiuming
NON-EXECUTIVE CHAIRMAN
Dr Dongyi Hua
MANAGING DIRECTOR AND CHIEF EXECUTIVE OFFICER
Mr Michael Fry
NON-EXECUTIVE DIRECTOR
Mr Velko (Vic) Jakovich
NON-EXECUTIVE DIRECTOR
Mr Padraig O'Donoghue CHIEF FINANCIAL OFFICER COMPANY SECRETARY
Level 1 Fortescue Centre 30 Terrace Road
East Perth, WA 6004
Locked Bag 8
East Perth, WA 6892
Tel: (08) 9265 1100
vdmgroup.com.au
Computershare Investor Services Pty Limited GPO Box 2975
Melbourne, VIC 3001
Tel: 1300 850 505
VMG
ASX ANNOUNCEMENT 29 September 2015
VDM Group Limited (VDM) provides the following update on its negotiation of a Mining Investment Contract (MIC) with the Ministry of Geology and Mining of the Republic of Angola (MGM), Pebric Mining and Consulting LDA (Pebric) and Seabank Resources LDA (Seabank) in relation to the Cachoeiras do Binga copper exploration project located in the Republic of Angola (Cachoeiras do Binga).
VDM, Pebric and Seabank have concluded negotiations of the MIC with MGM officials and are in process of drafting several annexures that will form an integral part of the MIC that will be submitted for approval and signature by the Minister of Geology and Mining.
The negotiated MIC terms and conditions are substantially the same as set out in the notice of meeting for VDM's 28 November 2014 Annual General Meeting.
The Board is pleased with the progress achieved towards securing VDM's interest in Cachoeiras do Binga and is looking forward to commencing exploration of the mineral concession in due course.
Dr Dongyi Hua Managing Director & CEO VDM Group Limited (08) 9265 1100 | Padraig O'Donoghue CFO & Company Secretary VDM Group Limited (08) 9265 1100 |
ME_124941152_1 (W2003x)
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