The Directors of Flinders Mines Limited
(ASX:FMS) advise that the parties to the Alliance Agreement have confirmed that the agreement term will not be extended beyond 31 December 2015.
The parties may have extended the agreement by 6 months if it was likely that the projects would be developed within a reasonable time after 31 December 2015.
As previously advised, Flinders has suspended expenditure on its Bankable Feasibility Study under the Alliance Agreement until a shareholder meeting is held to consider the Todd transaction, which is expected to be in August 2015.
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