Gulf Industrials Limited ("Gulf" or "the Company") (ASX Code: GLF), is pleased to provide shareholders with a Operations update.

SUMMARY

  • Diamond drilling program returning wide zones of vermiculite as a part of the Feasibility Study to expand the Namekara Vermiculite Operation.
  • Regional exploration discovered several new areas of vermiculite and initial drilling has confirmed wide bands of vermiculite.
  • Logiproc engaged to look at parameters and process design of expanded plant.
  • Production update at Namekara with nameplate production capacity expected by the June 2012 quarter following delays caused by heavy rain, power interruptions and commissioning of the new dryer.
  • Pricing discussions commenced with off