I suspect there is probably a condition on their permit that they have to do some work, to a certain value, in order to comply with the terms of their lease over the area - and this is it. Ticks the box.
As far as I can work out, the work proposed is not expensive, so they retain the lease and comply by doing this work, and as already said, a couple of good hits may allow them the option of selling the project to raise capital for further work at Watershed or Africa.
I suspect there is probably a condition on their permit that...
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| Last trade - 15.32pm 21/05/2024 (20 minute delay) ? |
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