RE: RNS11 Nov 2021 07:13
In addition, the Placing proceeds will be used for costs associated with the expansion of the Mining Lease Area for the Homase Mine, announced on 3 December 2020, which includes an Environmental Impact Assessment and crop compensation, and in expanding the Mineable Resource of the Homase Mine as defined in the Definitive Economic Plan, 19 June 2019.
The Placing proceeds will also support the recommencement of mining, which includes moving to double shift, and for the ramp up of gold production, with first production expected to commence by the end of November 2021.