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Maigret1

1,530 Posts.

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04/05/17

16:57

Post #: 24477615
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Originally posted by Paulweller66 ↑

The Domba project has now received endorsement from the community via its representatives. A protocol agreement has been reached with the community representatives including the specific terms and detailed programme for the reallocation of affected houses. The project is expected to start in September, to avoid the impact of the rainy season on the operation, and be completed by the end of the year.
Following the successful completion of the phase one evaluation drilling on the Ntiola and Viper deposits, the mine has exercised its option in terms of the agreement with Birimian Limited, to acquire the portion of the permits on which the deposits are located.

Capital expenditure for the quarter amounted to $2.0 million, mostly relating to the drilling programme for the evaluation of the Ntiola and Viper deposits.

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Wow, "mostly" 2 m US$ for drilling programme Ntiola and Viper is a lot.

They wouldn't spend so much if they'd only expect the formerly announcend 60k oz lowball figure...

BGS Price at posting: 22.5¢ Sentiment: Buy Disclosure: Held
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