5 July 2013
Australian Securities
S
Exxchange
nts Office
Company Announceme
A
Level 4, 20 Bridge Stree
et
SYDNEY NSW
N
2000
STOCKMA
AN PROJEC
CT UPDATE
E
______________________
____________________________________
____________________________________
______________
Independen
nce Group NL
N (ASX: IGO
O) (“Compan
ny” or “Indep
pendence”) advises
a
that o
over the nex
xt month it will
w
be ceasing exploration activity at the Stockman Project for the foreseeable future
e and curtailiing Enhance
ed
Feasibility Study
S
activities. This deccision has no
ot been taken
n lightly and is part of the
e prudent management of
the Compan
ny’s financia
al resources during the to
ough econom
mic climate. Consequenttly, there willl be a numbe
er
of changes to personnel, including
g a small number of role
es being ma
ade redunda
ant. The Com
mpany will be
b
maintaining the personn
nel and resou
urces necesssary to obtain
n approval fo
or the Stockm
man Project.
Independen
nce remains committed to
t the Stockm
man Project and moving
g it through tto the approv
val stage with
the Victoria
an Governme
ent. When approvals
a
ha
ave been ob
btained the Company
C
wiill then be able
a
to furthe
er
assess the feasibility
f
of the project.
Yours since
erely
Chris Bonw
wick
Managing Director
D
Independen
nce Group NL
N