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Ann: Mount Peake MLs Granted, page-12

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dosh262

191 Posts.

9

21/11/18

10:11

Post #: 36583005
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Originally posted by vladisimo ↑

Originally posted by djglossop
hi just wondering what the difference.is between mineral lease and mining lease? are we still waiting.on another approval?
We will now be waiting for the Mining Authority (MA) which would be granted once the Mine Management Plan (MMP) is submitted incorporating all the conditions that the EIS approval came with. The MA at this stage is just a process and can occur in parallel with finance and other aspects of TNG's business. Whilst it is a milestone in itself it has been seriously de-risked with the current approvals being in place. The MA needs to be in place for mining activities to commence, so there's plenty of time before that happens.

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So my jubilation and throwing my son into the air in joy was premature?....

TNG Price at posting: 11.0¢ Sentiment: Buy Disclosure: Held
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