According to the Gibb River Diamonds Limited (GIB) announcement that the Edjudina Gold Project’s mining lease application M31/495 has been granted by the West Australian Mines Department (DEMIRS). Mining Lease M31/495 is an important and integral part of the Edjudina Gold Project because it covers the main JORC resource at the Neta Prospect.
This Indicated and Inferred Resource is 378,000 tonnes @1.9g/t for 24,000 Oz Au and includes an Indicated Resource of 110,000 tonnes @ 2.2g/t for 8,000 Oz Au1. This is a significant milestone for the Company, it is the primary focus of GIB to mine or otherwise monetise this Neta resource as soon as is practicable. The grant of mining licence M31/495 is a major step forward in achieving this aim.
The Company is currently working on a Mining Proposal for the Neta Resource and supporting documentation has been collated from various work conducted during the last Quarter. Once completed, this proposal will be submitted to the WA Mines Department. Aboriginal heritage survey documentation has been compiled and has been submitted to the WTAC Native Title group and the Company is seeking for a heritage survey to be conducted as soon as possible.
Once granted, the Mining Proposal will permit for a Mine and Haul operation to be conducted at the Neta Gold Prospect, using toll treatment at a third-party mill (pending commercial contracts). This is the Company’s current priority. Discussions are ongoing with a private West Australian group which specialises in mine, haul and toll milling gold operations.
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