🕐19.02.13 - 03:27 Uhr

HODGES RESOURCES [ASX: HDG] - INVESTOR UPDATE FEBRUARY 2013





Fortbridge Media Release

Hodges Resources [ASX: HDG] - Investor Update February 2013

Hodges Resources (ASX: HDG) is pleased to release its investor presentation update for February 2013.

Highlights:

� Hodges is an exploration company which is now moving to the next phase and is developing the Morupule South Coal Project in Botswana.
� Hodges acquired an option for an interest in the Morupule South prospect in March 2011. It will earn a 75% interest in the Project upon completion of A$3 million exploration expenditure by May 2013 (A$0.7 million remaining to expend). It then has the right to establish and operate a joint venture company and/or increase its interest to 99% through acquisition/dilution.
� Hodges acquired an option for an interest in a second prospect in Botswana in May 2011 (Moiyabana). Based on the quality of the coal, Hodges will not be exercising its option over Moiyabana (announced August 2012).
� Hodges has other non-core assets being, gold projects in Ghana, molybdenum project in Australia and uranium assets in Sweden.
� Hodges intends to recover the refundable Moiyabana option fee and sell non-core assets.
� The Company�s focus is to develop the Morupule South Coal Project which has the potential to produce 20Mtpa (ROM) which would be supplied to domestic IPPs and utilities and the export market (10Mtpa).

Please click on the link below to view the presentation.

For further information, please contact:

Mark Major
Managing Director
Telephone: (+618) 9322 6412
Email:

For further information, please contact:

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