CLZ 0.00% 0.2¢ classic minerals ltd

Ann: Update on Mining Lease Application - Objection Withdrawn, page-4

  1. 614 Posts.
    lightbulb Created with Sketch. 123
    Even though we new about the withdrawn objection on the 19th, its good to see the reasons behind it. I thought we were already in Native Title so its also good to know where we are at with that.
    "This now paves the way for the following major pre-production milestones to occur which is
    expected to revalue the Company’s profile between now and early February 2021:
    • Mining Access Application – now complete by the lifting of the Objection;
    • Commencement of Native Title Negotiations (expected completion 26th Dec 2020);
    • Consent of Native Title Approval;
    • Mining Lease Approval MLA 74/249, and
    • Mining Plan lodgement"

    "
    In conjunction with this the company has begun preparing a pre-feasibility study at
    Kat Gap expected to show that the project will be rapidly brought into production by utilising a
    low-cost recovery method that will enable the Company to generate early cash-flows."

    Downrampers need not respond!!
 
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