Magix first alluded the forum to the new EL applications some months back.
The approval system is a very slow old process, so put them in your bottom drawer for another one and a half years.
The fact that they are located in the Karijini National Park will make the granting of the ELs more challenging. That said, United Iron did apply for the ELs after the recent state election and there's a suggestion that whereas a previous application by United Iron for much the same ground failed in the past, perhaps they were given the political nod to make a second bite of the cherry.
UMC Price at posting:
92.0¢ Sentiment: Buy Disclosure: Held
