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Papillon Resources Limited (ASX:PIR) has been granted the final major approval to develop the Fekola gold reserve in the West African nation of Mali.
The Malian government has granted the prospector a 30 year permit to mine a 75 square kilometer area of the Fekola Exploration Permit.
CEO Mark Connolly said the approval brought Papillon a very significant step closer to the commencement of mining operations in the world class gold project.
In the 2013 financial year, Papillon Resources Limited (ASX:PIR) reported a net loss of $6.39 million.
