As part of a cost review, RNI NL has reduced overheads from A$678,000 for the six months that ended Dec. 31, 2016, to a forecast A$340,000 for the first half of 2017.

The company cut the number of directors from four to three, with Nanette Anderson stepping down from the board, and reduced director fees.

RNI on Feb. 3 said the review will continue for the next few weeks.