Intrepid Mines has rejected a media report suggesting the gold, copper and silver explorer is in merger talks with G-Resources.
Intrepid today rejected an article in a Fairfax newspaper claiming it was in early discussions with G-Resources.
"The company advises that it is not a participant in any merger discussions," Intrepid said.
G-Resources bought the Martabe gold and silver project in Sumatra, Indonesia, for $US220 million in mid-2009 from OZ Minerals and is vice-chaired by Owen Hegarty, the chief of Oxiana before its merger with Zinifex to become OZ Minerals.
Intrepid is also focused on Indonesia, where it in 2009 abandoned plans to bring in Brazil's Vale as a joint venture partner for its Tujuh Bukit project in Java.
Shares in Intrepid were up six cents, or 4.65 per cent, at $1.35 at 1354 AEST.
