MMP Resources Limited provided earnings guidance for the second quarter 2017. The group is expected to report a net loss for second quarter 2017. The expected loss is in line with the Board's 12 month operational planning, and is mainly attributed to outstanding fund raising fees issued via shares, ongoing litigation expenses and the construction and development of assets in Niseko, Japan incurred by the Group. The Board will update the market shortly, via a separate announcement, of the construction efforts in Japan, which are designed to secure long term revenue to offset normal Group operational expenses. The Board is satisfied with the Group's ongoing ability to execute construction initiatives in high value international locations with small capital outputs, and believes this ability to execute successfully is vital in giving future funders comfort in the Group's abilities.