Dec 22 (Reuters) - Boart Longyear Ltd BLY.AX :
* Canada revenue agency developments BLY.AX
* Says company intends to appeal these assessments
* Will review its tax reserves in light of these new assessments but does not believe that any material change to reserves is required
* Cra's audit division has advised of income adjustments that could result in tax and interest assessments of approximately C$53 million at federal level
* Cra and relevant provinces may require cash or other security in an amount to be determined (potentially up to about C$38 million)
* Source text for Eikon ID:nASX7nPBXz