Mining licence10 Sep 2024 21:26
The mining licence application could be submitted any time with two weeks , whether or not an RNS be issued to confirm , I hope so .
Preliminary economic and subsurface modelling by the Company demonstrates positive economics with artificial lift, and what is anticipated to be in the region of twenty to thirty development wells in the production phase. The data continues to be evaluated by the Company's subsurface team and will be integrated into a Feasibility Study, which will form the Mining Licence application, and demonstrate to the Mining Commission of Tanzania the viability of the Itumbula Project. The Application will be submitted in the next two weeks.
Be great to see tomorrow morning Gla