IVZ 1.47% 6.9¢ invictus energy ltd

Ann: Licence Containing Mukuyu Discovery renewed for 3 Years, page-2

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  1. 3,019 Posts.
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    Invictus Energy Limited (“Invictus” or “the Company”) is pleased to provide an update on
    operations at its 80% owned SG 4571 licence in Zimbabwe’s Cabora Bassa Basin.
    SG 4571 Licence Containing Mukuyu Discovery renewed for further 3 year term
    Geo Associates (Pvt) Ltd (Geo Associates), the Company’s 80% owned subsidiary and holder of
    Special Grant 4571 has received notification that its application to extend the tenure of the SG
    4571 licence for a further three years has been approved by the Mining Affairs Board. This will
    be followed by publication in the Government Gazette.
    The exploration licence for the third period for SG 4571 runs to June 2027. The Company plans
    to undertake a comprehensive work program for the third three-year exploration period
    including 3D seismic acquisition and additional exploration/appraisal drilling.
    The Company is able to apply for a production special grant licence at any stage.

 
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