A Pre Feasibility Study on Maibele North is being conducted by independent consultant, WorleyParsons Limited, and is expected before the end of June 2016. If positive, the next step probably would be a full feasibility study, which is required for the application for a mining licence. In addition, an Environmental Impact Assessment (EIA), which is already underway by AquaLogic, should be completed by the end of 2016
Should be an interesting report, so we should have news by the end of the month of some kind.
BML Price at posting:
0.5¢ Sentiment: Hold Disclosure: Held