Panguna, page-11

@Danehill

Thanks for that. I'm sure they can't just let it lapse, as SMLOLA will want answers ... so it will either be granted or delayed, I can't see it going to another party as that would royally severe their relationship with SMLOLA

We should hear either way next few days I guess

The ASX replied to me and said they are investigating BOC's claims. I expect to see a formal query in which case we should finally hear their reply. I'm curious if they can point out that "right of first refusal" in the Mining Act

The ASX did highlight this from BOC's annual report, pg 2:-

"As a separate issue to the EL1 show cause notice the exploration tenement came due for renewal in September 2016. A renewal application has been filed. Although the company has received written acknowledgement that the application meets all obligations, renewal has not been formally granted. It is understood that renewal is being held up due to capacity issues in the Department of Mineral and Energy Resources and the outstanding show cause issue. Despite this EL1 is deemed to be renewed and extended pursuant to the Bougainville Mining Act 2015 until and unless there is an official rejection.”

Which tenement is this in reference to ?