text: The preparation for lodgement of an Environ- 
  mental Impact Statement (“EIS”) to the NSW 
  Department of Planning continues. It is envis- 
  aged that the EIS will be completed and lodged 
  in 2014. Data for flora and fauna, surface water, 
  groundwater, meteorology, ambient noise and 
  dust levels are collected routinely. Further inves- 
  tigations of cultural heritage, social-economic 
  impact, traffic impact, soil type and agricultural 
  suitability have also been undertaken. 
  Financials 
  
  Kingsgate made an after tax loss of $323.7 
  million for the full year to 30 June 2013 compared 
  to an after tax profit of $75.0 million for the 
  previous corresponding year. The result for the 
  year reflected an impairment of $311.9 million 
  pre-tax ($291.3 million post-tax) against the 
  Challenger Mine and associated assets and an 
  impairment of $20.4 million against greenfield 
  exploration projects in Australia and Thailand. 
  
  With the fall in metal prices in late 2013, work 
  and expenditure on the DFS and EIS have been 
  phased to coordinate and synchronise the 
  timing of the two programs with completion 
  and lodgement now not expected before 
  mid-2014. 