Regarding the current 2 year prospecting permit:
"Each of the Prospecting Permits have been granted for an initial period of 2 years from 17 October 2016....
...Exploration Permits are required prior to drilling being undertaken which Prospecting Permit holders have the exclusive right to apply for."
So the current Prospecting Permits are for two years, after which NAE has exclusive rights to apply for the exploration permit for drilling.
Weekly chart shows well formed cup & handle pattern, page-80
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