Resource Development Group

Resource Development Group Limited provides diversified services to the resource, infrastructure and energy sectors within Australia and internationally.

 

RDG's main operating subsidiary, Centrals provides a 'whole of project' contracting service offering.

 

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Commercial Dispute With Silver Lake Resources

Resource Development Group Ltd (“RDG”) wishes to advise that its subsidiary Pacer Corporation Pty Ltd (“Pacer”) has continued to work on the Silver Lake Resources Limited (“SLR”) Tuckabianna project since being awarded a cost plus contract in December 2011.

During this time, the overall scope of the project increased, with Pacer completing additional work to the carbon in leach plant (as per the original Contract) in accordance with instructions delivered by SLR to Pacer.

Pacer does not agree with some of the statements made by SLR in their announcement on 4 April 2013.

Following a meeting on 5 April 2013 between personnel of SLR, Pacer and RDG, during which Pacer provided further explanation of the approved expenditure undertaken by it, SLR has confirmed that they wish to work together with Pacer for a mutually acceptable outcome.

RDG’s other subsidiary companies continue to operate as per normal and RDG will provide the market with further updates in due course.

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