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GME Resources Defers Further Expenditure on the NiWest Nickel Project
Monday November 17, 2008, 4:23 pm

Original Announcement: GME Defers Further Expenditure on the NiWest Nickel Project

GME Resources reported that it has resolved to significantly reduce its expenditure on its NiWest Nickel Laterite Project. Unfortunately that has resulted in a number of staff redundancies. Mr. Dave Varcoe, the Managing Director, will continue in his role on a reduced time basis. Given the current global economic circumstances, the company decided it is prudent to conserve cash whilst it continues to evaluate opportunities for the development of the company's NiWest Nickel Laterite Project.

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