RE: Uru10 Oct 2019 10:24
Mr. John Zorbas, CEO of URU Metals, commented
"the acceptance of the mining right application by the DMR significantly moves the project forward in three ways: by consolidating the 3 prospecting rights that made up the Zebediela Project into one right; securing the mineral tenure of the project for a further 30 years and lastly, advances the project one step closer towards development. We remain extremely excited by the highly prospective Zebediela Project, and the acceptance of the mining right application grants us the flexibility to develop the existing nickel resource into a mine, and to continue developing the newly discovered Ni-PGE resource found adjacent to and in the footwall of the existing nickel resource."
So all that's happened is the Postman delivered the application and the DMR said yes we'll sign for it in your head? Yet Zorbas thinks the above? Sounds like it may be a little more advanced than you think. The application has been approved in principal, just need to tick a few boxes to have it rubber stamped. Aimho, dyor, etc...