MNB minbos resources limited
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Ann: Quarterly Activities Report and Appendix 4C, page-435

  1. Merchant2000
    24,969 Posts.
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    13/02/25
    18:57
    Post #: 77847167


    02 JUNE, 2023
    WRITTEN BY

    Minbos Resources one step closer to long-term goal of miningprocessing phosphate from Cabinda Project, Angola

    Minbos Resources (ASX:MNB) has achieved key construction approvals for the development of mining and processing facilities at its Cabinda Phosphate Project in Angola, southern Africa.

    The company says it has received environmental approval licences for construction activities at the project and confirms that the project has met all environmental formalities and processes related to the installation and construction of the various facilities.

    As of 1:17pm AEST, Minbos’ share price has increased by 21.21% to $0.12.

    Minbos reports the approvals come at a time in which the company is well-advanced in its offtake discussions, with most of the stage one production expected to be covered in current negotiations.

    The company notes it has also made ‘significant’ progress on non-dilutionary funding (debt and/or repayment) for a ‘significant’ proportion of the ‘outstanding’ capex for the project. Negotiations for this are scheduled to be finalised in August/September 2023.


    MNB Price at posting: 4.5¢ Sentiment: Hold Disclosure: Held
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