KAS kasbah resources limited

Kasbah Resources (ASX:KAS) has received several key approvals...

  1. Kasbah Resources (ASX:KAS) has received several key approvals for its flagship Achmmach Tin Project in Morocco.

    These include:

    - Final acceptance of the Achmmach Environmental and Social Impact Assessment (ESIA) incorporating final Environmental and Social Monitoring and Management Plan (ESMMP) by the Moroccan Ministry of Environment;
    - Completion of collective farmland rental agreement with the Ministry of Interior;
    - Signing of in principle Community Development agreements with the Communes of Ait Ouikhalfen and Ras Jerri; and
    - Acceptance of the proposed Achmmach water management strategy by the Sebou Basin Agency.

    The company now expects to enter into a land rental agreement with the Forestry Department during the second quarter of 2015.

    This is the last of the mandatory approvals to be issued by the Moroccan Government.

    Once the decision to mine is taken by Atlas Tin, final construction approval will be issued by the Ait Ouikhalfen commune and will be based on acceptance of final engineering designs by the Department of Equipment (roads and plant), the Sebou Basin Agency (water storage and tailings management facilities) and the National Office of Electricity and Potable Water.

    Extensional drilling at the Western Zone (WZ) target at Achmmach has upgraded the Indicated Resource to 340,000 tonnes at 1.25% for 4,200 tonnes of contained tin.

    The company had $4.8 million in cash as at 31 December 2014.



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