West African Resources Limited: Permitting and Feasibility Studies Advanced for Tanlouka
23.06.2016 | FSCwire
Perth - Gold developer West African Resources Limited (ASX, TSXV: WAF) is pleased to provide a permitting and feasibility update for its 100%-owned Tanlouka Gold Project, Burkina Faso.Highlights
- Favourable opinion by National Commission of Mines for Mining Licence application
- Metallurgical test work drilling program nearing completion
- Feasibility study commenced – funded by $12.5m oversubscribed institutional capital raising
Managing Director Richard Hyde commented:
“The Company has presented the project to the National Commission of Mines and received favourable opinion for the mining licence application. We will present the environmental and social impact assessment for the project to the Ministry of Environment, Green Economy and Climate Change in July 2016. This presentation is the final step in the permitting process before a decision can be made to grant the mining licence, which is expected during Q3 2016.
"Metallurgical test work drilling is nearly complete, with core to be packed and airfreighted to ALS Ammtec in Perth by the end of June.
“Resource drilling is currently focussing on open-pitable mineralisation at M1 South and North ahead of a maiden resource at M1 in Q3 2016.”
Click here to view the full ASX announcement
www.westafricanresources.com