Brief: 29Metals Says Insurers Agreed To Make Initial Unallocated Progress Payment Of A$24 Mln

29Metals

21/08/2023 02:35

Aug 21 (Reuters) - 29Metals Ltd  29M.AX :
    * INSURERS AGREED TO MAKE AN INITIAL UNALLOCATED PROGRESS
PAYMENT
OF A$24 MILLION
    * INSURERS' HAVE CONFIRMED INDEMNITY FOR DAMAGE TO PROPERTY
ON
SURFACE AND ASSOCIATED BUSINESS INTERRUPTION
    * CLAIM PROCESS FOR BALANCE OF SURFACE PROPERTY DAMAGE AND
ASSOCIATED BUSINESS INTERRUPTION IS ONGOING
    * EXPECTS HY2023 RESULTS WILL INCLUDE TOTAL NON-CASH
IMPAIRMENTS
RELATING TO CAPRICORN COPPER IN RANGE OF A$180- A$210 MILLION

Source text for Eikon:  ID:nASX5hBN63 
Further company coverage:  29M.AX 

 ((Reuters.Briefs@thomsonreuters.com;))