CXY 0.00% 0.3¢ cougar energy limited

Ann: Quarterly Report October-December 2012 , page-2

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  1. 143 Posts.
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    For anyone else (like me) who didnt know much about the 'MDL' they refer to in the announcement (that we secured in November 2012 for Wandoan):

    "Applying for or renewing a mineral development licence
    In this guide:
    1.Advanced exploration activities after a resource discovery
    2.Applying for or renewing a mineral development licence
    3.Declaring a petroleum potential commercial area
    4.Declaring a potential geothermal commercial area
    5.Declaring a potential greenhouse gas storage area
    Print entire guideA mineral development licence (MDL) allows you to carry out further studies of a resource and to assess the development potential of a site, once you have discovered that minerals or coal exist on your permit area.

    In addition to activities allowed under exploration permits for coal or minerals, you can:

    •conduct feasibility studies, metallurgical testing and environmental studies
    •carry out engineering design studies
    •raise capital for investment and conduct marketing studies.
    "
    http://www.business.qld.gov.au/industry/mining/applying-for-mining-resource-permits/applying-for-holding-permit/mineral-development-licence
 
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