The principal permit required to allow the commencement of mining at the Neta Gold Prospect at Edjudina Gold Project, WA; is the Mining Proposal, which was lodged in late March 2025 and is currently ‘under assessment’ by the WA Mines Department (DEMIRS). The Company has received requests for further information from DEMIRS and these have been provided by GIB.
The Company awaits the grant of this Mining Proposal permit (Part 1) and is cautiously optimistic that this permit will be granted in order to allow mining to commence by August 2025, should JV partner and private mining contractor BML Ventures Pty Ltd (BML) elect to do so.
Also pending from DEMIRS is a Native Vegetation Clearing Permit which GIB applied for on 29 April 2025. This permit will allow for a more extensive area of clearing around the already disturbed areas of Neta, which will facilitate follow-up mining activities as the project progresses.
A ‘Licence to Take Water’ at the Neta Prospect area has recently been issued by the Department of Water and Environmental Regulation (DWER) and is valid until 2035. This will facilitate water usage for camp, road dust suppression and for pit de-watering purposes during mining activities.
The most likely and preferred ore processing arrangement for the Neta ore is to utilise capacity within pre-existing BML milling contracts. This potential arrangement will depend upon the circumstances of BML operations at the time, which includes the permitting status of Neta. Another alternative is locking in further capacity with new milling contracts; this option has not been negotiated at this time.
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