Permitting Update
The Company continues to work closely with the various governmental departments to progress its application for the Mining Concession for Muga.
The feedback from the review of the Environmental and Social Impact Assessment (“ESIA”) for Muga continues to be received and the Company understands that the process is well advanced. Following the receipt of a Positive Environmental Declaration (“DIA”), the Spanish Central Government’s Department of Industry, Energy and Tourism (Ministerio de Industria, Energia y Turismo or “MINETUR”), which includes the Department of Mines, can move to the award of the Mining Concession.
The Company continues to remain confident of receiving its DIA and Mining Concession.
Ann: Quarterly Activities Report-HFR.AX, page-2
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