The previous CEO struck the JV deal with FMR included in that deal was FMR option to mine Burbanks North to a depth of 35m containing estimated 22400oz gold (depending on recovery rate and before production cost etc worth about $70 million) with a permit to mine.
This mob came in and all we know is the JV was concluded mutually.
I guess the permit to mine is still active, does anybody know about these permits longevity?
Ann: High-Grade Intercepts Extends Potential at Burbanks, page-33
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