Ann: Binding Heads of Agreement executed with IFC, page-27

Tanzanian Govt is now making the necessary approvals to enable companies to go mining, looking very positive for Orecorp and Peaks SML.

https://www.orecorp.com.au/upload/documents/InvestorRelations/Announcements/190916-ORRTMCandFCCApprovals.pdf

OreCorp Receives Tanzanian Mining
Commission and Fair Competition
Commission Approvals
OreCorp Limited (OreCorp or the Company) is pleased to advise that its wholly
owned subsidiary, OreCorp Tanzania Limited (OreCorp Tanzania) has received the
Tanzanian regulatory approvals required to complete the acquisition of 100% of
Nyanzaga Mining Company Limited (NMCL). OreCorp Tanzania has received approval
from the Tanzanian Mining Commission (TMC) to acquire control of NMCL and
further approval from the Fair Competition Commission (FCC) to acquire 100% of
NMCL. NMCL is the Tanzanian company which holds the Nyanzaga Gold Project
(Nyanzaga or Project) and has applied for the Special Mining Licence (SML).
The Company would like to thank the Chairman and the Chief Executive of the TMC
and each of the Commissioners, and the Director General and the Chairman of the
FCC and each of the Commissioners for expediting the approval processes.
OreCorp anticipates that the acquisition of 100% of NMCL will complete in the
coming days. OreCorp has appointed one director to the board of NMCL and will
replace the other directors of NMCL. As indicated in our previous ASX release (2
September 2019), the Company had been advised by the Ministry of Minerals that
the SML would be granted following the completion of the change in ownership of
NMCL.
The Company considers the TMC and FCC approvals as significant milestones and
further demonstrates the constructive working relationship that the Company has
with all levels of the Government of Tanzania (GoT). Successful conclusion of the
transaction will ultimately deliver Tanzania and all its stakeholders the first large
scale gold mine development in over a decade. Upon the grant of the SML, the
Company will welcome the GoT as a shareholder in NMCL.