SHP good ann out - MOU EXECUTED FOR EXISTING SHAFT AND INFRASTRUCTURE UTILISATION
Key benefits to the collaboration include:
1. Majority of land to be utilised is already designated industrial land, for streamlined permitting pathway;
2. Access to power, water and gas, for reduced utility capital;
3. Proximity to surface infrastructure such as rail and road, for ease of access and logistical optimisation;
4. Improved access to the underground orebody, significantly reduces potential development capital cost;
5. Meets ventilation requirements for underground operations, further improving shaft capital outlay;
6. Provides potential underground access to additional orebodies on existing South Harz permits for enhanced
project scalability.
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Peter Batten, MD
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