From quarterly-Badger Mining and Consulting completed their...

From quarterly-

Badger Mining and Consulting completed their review:-

'Independent Technical Consultant’s review of Moabsvelden bankable feasibility study completed successfully with no fatal flaws discovered and confirms the project to be financially sound'

and

'Badger have recommended various minor changes to the capital and operating forecasts amounting to an increase in the project’s capital costs by A$0.16m and it’s recurrent operating costs by A$0.665m. Neither of these changes are material to the project which is expected to cost A$30m to develop and generate average post tax cash flows (nominal) before debt service of A$18.9m per annum'


Thebe Investment:-

'Drafting of various agreements covering initial investment by Thebe Mining Resources (TMR) into the Moabsvelden Project company in final stages and expected to be executed in THE COMING DAYS'

All coming together......