After a long wait with baited breath for something to happen this QTR the latest ann says...
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100% owned and
controlled subsidiary Maryborough Gold Pty Ltd has been granted MIN 5477, registered
this month for an initial term of 5 years by the Department of Primary Industries.
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in context with last QTR report...
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With the value of gold increasing, Maryborough
Gold P/L applied for Mining Licences over its
areas of Work Authorities to allow it to maintain
rights to any gold included.
MIN 5475 and MIN 5477 were applied for and
given priority by the DPI during the period.
Discussions with the landowners involved have
been completed with the terms of agreement to
work the gravel deposit formerly covered by WA
379 renegotiated.
The company has been investigating mobile
screening equipment availability to allow
processing to commence on completion of
statutory requirements.
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Announced late in the day (20 mins left in trading) this triggered a slight SP rise on the fulls, with relatively significant volume increase.
Eagerly awaiting a little bit more action on this one.
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