Different situations, Vimy's secondary approval for Works Approvals, Mining Proposal / Mine Closure Plan and were delayed due insufficient information supplied. Toro is currently doing a Engineering Study include Vanadium as a by-product in its processing, due to this being a change in thier current permits it will need to be amended and submitted for assessment. If approved the current permit will be extended another 5 years. This is common in the mining industry as new mineral resources and technologies are found or implemented before and after mining has started.
I don’t think a company will want to just let its main asset be worth nothing to them.
Approval Timeframes
Banter and general comments, page-699
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