LONDON (Alliance News) - Bushveld Minerals Ltd on Monday said it has submitted the mining right application for the Bushveld Vanadium Project in South Africa to the local Department of Mineral Resources.
The company said that while the application is primarily focused on the vanadium project, it also covers a range of minerals including titanium and iron ore, phosphate and platinum group metals, amongst others.
"We are delighted to reach this important milestone for the Bushveld Vanadium Project. Efforts now turn to ensuring that the mining right application is processed expeditiously. Meanwhile, the feasibility study on the vanadium project continues apace and the Company looks forward to providing updates as it progresses," said Bushveld Chief Executive Fortune Mojapelo.
Shares in Bushveld were down 1.8% to 2.405 pence on Monday.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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Bushveld Minerals (BMN)