second production lease signed , page-8

Hi there all happy MNEers,

Great news. Allotment for stockpile space at ENAMI not given yet is the reason now for the holdup. Can understand that and is only an administrative thing and quickly sorted out and is no major deal to worry about.

2nd production agreement just been granted and done while Zeff was there. I imagine the 5000T operating licence will quickly be in the post to the Chilean Mines Dept for approval and memory thinks its has to be approved of in 60 days.

When this arrives both Panga and Paraguay will be mining and both mined ores will be continuously trucked to ENAMI at Copiano, lucky enough if MNE then can hope to then get processed anything up to 10,000Ts per mth.

This 2nd Production agreement was not unexpected as we knew that Zeff was pushing for it to get things better advanced into a more sizeable operation. Shame that it wasn't the confirmation of delivery of ore to the mill. Still nonetheless this is better news of another tick in the boxes moving forward and milestones being met.

Another good green day.????