That's correct @rocketrog .
De Grey and Novo will need to prove up a JORC compliant resource and complete a whole heap of studies prior to applying for a mining licence at E47/2502. Our Indee facilities are close, and will no doubt play a role in the development of a mine, should the JV partners decide to mine any gold on E47/2502.
Ann: Novo secures 100% of Farno McMahon, page-35
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