Bets on the PFS, page-119

No offence Cashbacked, I've always respected your postings as being excellent. But you can't come out saying VRC will get a mining licence not a Special Mining Licence. Just as much as I can't say for certain which way it will go. But if you think CAPEX will be greater than $100m (likely) well then they have to apply for a Special Mining Licence.

"Special means under special circumstances". Well if CAPEX of $100m plus is is a special circumstance, then yes.

"Prospecting Licences can be seamlessly converted to Mining Licences or Special Mining Licences (projects with in excess of $100 million capital expenditure requirement) following production of a positive feasibility study and contingent on the holder meeting other criteria e.g. implementation of appropriate environmental impact studies. Mining Licences are issued for a period of 10 years or “life of mine” whichever is shorter while Special Mining Licences are issued for the life-of-mine period specified in the feasibility study.
Special Mining Licences will be the subject of a comprehensive Mining Development Agreement with the Government and provide for the negotiation of a free carried interest by the state."

http://kibomining.com/about-us/about-tanzania/ is where the above was taken from

"“mining licence” means a mining licence for medium scale mining operation, whose capital investment is between US$ 100,000 and US$ 100,000,000 or its equivalent in Tanzanian shillings; "

""special mining licence" means a licence for large scale mining operation, whose capital investment is not less than US$100,000,000 or its equivalent in Tanzanian shillings; "

https://mem.go.tz/wp-content/uploads/2014/02/0013_11032013_Mining_Act_2010.pdf is where the above was taken from