Awalé Resources Announces Newmont Advances to Phase 2 of Earn-In on the Odienné Project JV

Awalé Resources Announces Newmont Advances to Phase 2 of Earn-In on the Odienné Project JV

Awalé Resources (TSXV: ARIC) ("Awalé" or "the Company"), is pleased to announce Newmont has progressed to Phase 2 of the Earn-In agreement over the Odienné Joint Venture Project. This is a significant milestone that underscores the ongoing success and potential of the Odienné Gold-Copper Project through which Newmont could earn a further 14% interest (for a total 65% interest) via 10 million in exploration expenditure and defining a minimum 2 million ounce gold resource.

"This potential investment of up to 10 million USD in exploration expenditure from Newmont paired with our recent $11.5 million CAD equity financing puts Awale on solid footing to continue to deliver exploration success at the Odienné project," said Andrew Chubb, CEO of Awalé Resources.

This advancement is a testament to the Company's successful Phase 1 outcomes, which included positive drill results and four discoveries; most notably from the recent drilling at the Charger and BBM targets which confirmed high-grade mineralization with results such as 45.7 grams per tonne gold over 32m at Charger and 2.4 g/t Gold Equivalent over 75m at BBM (See Company news releases dated March 25, 2024 and March 18, 2024). Simultaneously, Newmont has opted not to participate in Awalé's recent 11.5 million CAD equity financing. This decision allows for potential greater diversification of our investor base while we continue to enjoy the support from Newmont in our joint venture efforts.

The Awalé-Newmont JV - 'Odienné Project JV'

The Odienné Project JV covers one permit and one application within the greater Odienné Copper-Gold Project in the Northwest of Côte d'Ivoire, and is subject to an earn-in agreement with Newmont Ventures Limited ("Newmont"), a subsidiary of Newmont Corporation, (see Company News Release dated May 31, 2022) through which Newmont retains the option to earn-in to a minimum of 65% interest, from Awalé, in the Odienné Project JV in return for USD 15 million of exploration expenditures and the delivery of a minimum 2 million ounce gold resource. Newmont is currently funding the exploration program and Awalé is managing the Odienné Project JV.

About Awalé Resources

Awalé is a diligent and systematic mineral exploration company focused on the discovery of large high-grade gold and copper-gold deposits. The Company undertakes exploration activities in the underexplored parts of Côte d'Ivoire. Awalé's exploration success to date has culminated in a fully funded earn-in Joint Venture with Newmont covering one permit and one application (the "Odienné Project JV"), where four significant gold and gold-copper-silver-molybdenum discoveries have been made.

The Odienné Project JV is located within Awalé's greater Odienné Copper-Gold Project (the "Project") which consists of 2462 km2 of tenure in the Northwest of Côte d'Ivoire. The Newmont JV consists of 400km2 of granted tenure and 400km2 under application, or approximately ⅓ of Awalé's total holding in the district. The Company announced 26 g/t gold over 57m, including 45.7 g/t gold over 32m from 165m downhole at the Charger Prospect and the discoveries have significant scope for growth and resource development. The Project has multiple pipeline prospects that have similar geochemical fingerprints to Iron Oxide Copper Gold (IOCG) and intrusive related mineral systems that offer significant potential for district scale discoveries.

Qualified Person

The technical and scientific information contained in this news release has been reviewed and approved for release by Andrew Chubb, the Company's Qualified Person as defined by National Instrument 43-101. Mr Chubb is the Company's Chief Executive Officer and holds an Economic Geology degree, is a Member of the Australian Institute of Geoscientists (AIG) and is a Member of the Society of Economic Geologists (SEG). Mr Chubb has over 20 years of experience in international mineral exploration and mining project evaluation.

ON BEHALF OF THE BOARD OF

Awale Resources Limited

"Andrew Chubb"

Andrew Chubb, CEO For additional information you are invited to visit the Awalé Resources Limited website at www.awaleresources.com, or contact Andrew Chubb CEO (+356) 99139117, a.chubb@awaleresources.com.

Forward-Looking Information

This press release contains forward-looking information within the meaning of Canadian securities laws (collectively "forward-looking statements"). Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, plans, postulate and similar expressions, or are those, which, by their nature, refer to future events. All statements that are not statements of historical fact are forward-looking statements. Forward-looking statements in this press release include but are not limited to statements regarding, the Company's presence in Cote d'Ivoire and ability to achieve results, creation of value for Company shareholders, achievements under the Newmont JV, works on other properties, planned drilling, commencement of operations. Although the Company believes any forward-looking statements in this press release are reasonable, it can give no assurance that the expectations and assumptions in such statements will prove to be correct. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, changes in the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals, and other risks involved in the mineral exploration and development industry, including those risks set out in the Company's management's discussion and analysis as filed under the Company's profile at www.sedarplus.ca. Forward-looking information in this news release is based on the opinions and assumptions of management considered reasonable as of the date hereof, including that all necessary governmental and regulatory approvals will be received as and when expected. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information. The Company disclaims any intention or obligation to update or revise any forward-looking information, other than as required by applicable securities laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES
OR FOR DISSEMINATION IN THE UNITED STATES.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/209249

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Awalé Hits 1.4 g/t Gold Eq. over 60 Metres at the BBM Zone, Odienné Project

Awalé Hits 1.4 g/t Gold Eq. over 60 Metres at the BBM Zone, Odienné Project

HIGHLIGHTS

  • 60m @ 1.4 grams per tonne ("g/t") gold equivalent ("AuEq.") from 53m, including 9m @ 4.2 g/t AuEq. from 98m downhole in OEDD-111.
  • 33m @ 1.1 g/t AuEq., including 15m @ 1.4 g/t AuEq. from 272m downhole in OEDD-110.
  • 42m @ 0.9 g/t AuEq., including 14m @ 1.7 g/t AuEq. from 336m downhole in hole OEDD-109.
  • Drilling continues to demonstrate excellent continuity over broad width and gold tenor.
  • A total of 6,380m of drilling was completed across 22 holes and one re-entry hole.

Awalé Resources Limited (TSXV: ARIC) ("Awalé" or the "Company") is pleased to report results from four diamond drill holes completed as part of the expanded drill campaign targeting the BBM zone at the Odienné Project ("Odienné" or the "Project") in Côte d'Ivoire. The drill program, which began in November 2024, is complete with a total of 6,379.9m drilled. Drill holes OEDD-106 and OEDD-109 to OEDD-111 were drilled along the eastern margin of the main northwest-plunging mineralized zone, where the Company is increasing drill spacing to a 100m grid (see drill plans and sections in the link below). Notably, drill hole OEDD-111 intersected shallow, broad-width mineralization from just 53m downhole, with good grade. Assay results from 14 drill holes of the BBM diamond drill program are still pending.

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Awalé Provides Progress Update for Odienné Project

Awalé Provides Progress Update for Odienné Project

HIGHLIGHTS

  • Completed 2,014m scout RC drill program across 22 holes over high-priority geochemical and IP anomalies at the 100%-owned Fremen target, with initial results expected in April 2025.
  • Completed a 150-line-km IP geophysics survey covering over 15km of strike along the BBM trend, with final processed images expected in March 2025.
  • Commenced up to 4,000m of RC drilling on the BBM extensions, with initial results expected in April/May 2025.
  • Completed 6,380m of DD across 22 holes and one re-entry hole at BBM.
  • Continuing with 2,500m of DD in 10 holes at Charger, testing the fold model, with results expected in April/May 2025.
  • Completed 1,168m of DD in 6 holes at Empire, targeting the top 120 vertical metres to increase confidence in the structural model, with results expected in April/May 2025.
  • Preparing to commence drill program at Lando, with a plan for 5 DD holes for 1,000m and 20 RC holes for 1,600m.

Awalé Resources Limited (TSXV: ARIC) ("Awalé" or the "Company") is pleased to provide an update on its exploration activities at the Odienné Project ("Odienné" or the "Project") in Côte d'Ivoire (Figure 1). At the start of the year, the Company set an ambitious work program that included commencing drilling at its 100%-owned Fremen property, advancing de-risking efforts at the BBM and Charger targets, resuming work on the Empire and Lando targets, and expanding its regional exploration focus to unlock the full potential of Odienné.

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Awalé Selected to Exhibit at PDAC Core Shack, March 4-5, Booth #3105B

Awalé Selected to Exhibit at PDAC Core Shack, March 4-5, Booth #3105B

Awalé Resources Limited (TSXV: ARIC) ("Awalé" or the "Company") is pleased to have been selected to exhibit core at the annual Prospectors & Developers Association of Canada (PDAC) Convention Core Shack on Tuesday, March 4, 2025 and Wednesday, March 5, 2025 at the Metro Toronto Convention Centre (MTCC). Awalé will be displaying core from its district-scale Odienné Copper-Gold Project in Côte d'Ivoire. The Company will also participate in the Investors Exchange and present at the Corporate Presentation Forum for Investors (CPFI) and Technical Session.

Core Shack Details
Date:
Tuesday, March 4 and Wednesday, March 5
Location:
Investors Exchange, Level 800, MTCC, South Building
Booth #:
3105B
Attending:
Andrew Chubb, CEO

Andrew Smith, VP Exploration
  
Investors Exchange Details
Date:
Sunday, March 2 and Monday, March 3
Location:
Investors Exchange, Level 800, MTCC, South Building
Booth #:
2322
  
Corporate Presentation Forum for Investors (CPFI) Details
Date:
Monday, March 3
Location:
Hall E, Investors Exchange, Level 800, MTCC, South Building
Room:
Investment Hub theatre
Time:
11:08 am - 11:18 am
Presenter:
Andrew Chubb, CEO
  
Technical Session Details
Date: Wednesday, March 5
Session name:
New discoveries
Session ID:
TEC-014
Location:
Level 700, MTCC, South Building
Room #:
717
Time:
10:45 am - 11:00 am
Presenter:
Andrew Chubb, CEO

 

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Awalé Included in 2025 TSX Venture 50 List of Top Performing Companies

Awalé Included in 2025 TSX Venture 50 List of Top Performing Companies

Awalé Resources Limited (TSXV: ARIC) ("Awalé" or the "Company") is pleased to announce that it has been recognized as one of the top 50 performing companies on the TSX Venture Exchange ("TSXV").

TSX Venture 50 is an annual ranking of the top-performing companies over the last year on the TSX Venture Exchange, a world-leading capital formation platform for early-stage growth firms. The companies are ranked based on three equally-weighted criteria of one-year share price appreciation, market capitalization increase, and Canadian consolidated trading value.

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Awalé Hits 2.2 g/t Gold Eq. over 29 Metres at the BBM Zone, Odienné Project

Awalé Hits 2.2 g/t Gold Eq. over 29 Metres at the BBM Zone, Odienné Project

HIGHLIGHTS

  • 29m @ 2.2 grams per tonne ("g/t") gold equivalent ("AuEq."), including 10m @ 2.8 g/t AuEq. from 93m downhole in OEDD-105.

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Commencement of Diamond Drilling - Kitlanya West, Botswana

Commencement of Diamond Drilling - Kitlanya West, Botswana

Cobre Limited (CBE:AU) has announced Commencement of Diamond Drilling - Kitlanya West, Botswana

Download the PDF here.

Group Eleven Welcomes Franz Bollmann to the Board of Directors

Group Eleven Welcomes Franz Bollmann to the Board of Directors

Group Eleven Resources Corp. (TSXV: ZNG) (OTC Pink: GRLVF) (FSE: 3GE) ("Group Eleven" or the "Company") is pleased to announce that Franz Bollmann has been appointed to the Board of Directors. Mr. Bollmann has been nominated by Glencore Canada Corporation (which owns 16.1% of the Company) and will replace Gatlin Smeijers, who has stepped down from the Board, effective March 31, 2025, to pursue another opportunity.

Bart Jaworski, CEO of Group Eleven, commented: "We are delighted to welcome Franz to the team and look forward to working with him to further grow shareholder value. On behalf of the Company, I would also like to thank Gatlin for his valuable insights and guidance during his tenure as director and wish him the very best on his new endeavour."

Mr. Bollmann currently serves as Finance Manager at Glencore Zinc and as a Director of Glencore Servicios Corporativos Spain. Mr. Bollmann joined Glencore in 2014, working across finance, commercial, and business development roles in the Latam region. He also served as a director of Volcan Compañia Minera. Prior to joining Glencore, Mr. Bollmann worked in sales and trading at Raymond James in the United States. He holds a degree in Finance and a minor in Mathematics from the University of Arkansas.

About Group Eleven Resources

Group Eleven Resources Corp. (TSXV: ZNG) (OTC Pink: GRLVF) and (FSE: 3GE) is a mineral exploration company focused on advanced stage zinc exploration in the Republic of Ireland. Group Eleven announced the Ballywire zinc-lead-silver discovery in September 2022. Ballywire is located 20km from Company's 77.64%-owned Stonepark zinc-lead deposit1, which itself is located adjacent to Glencore's Pallas Green zinc-lead deposit2. The Company's two largest shareholders are Glencore Canada Corp. (16.1% interest) and Michael Gentile (16.0%). Additional information about the Company is available at www.groupelevenresources.com.

ON BEHALF OF THE BOARD OF DIRECTORS
Bart Jaworski, P.Geo.
Chief Executive Officer

E: b.jaworski@groupelevenresources.com | T: +353-85-833-2463
E: j.webb@groupelevenresources.com | T: 604-644-9514

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Information

This press release contains forward-looking statements within the meaning of applicable securities legislation. Such statements include, without limitation, statements regarding the future results of operations, performance and achievements of the Company, including the timing, content, cost and results of proposed work programs, the discovery and delineation of mineral deposits/resources/ reserves and geological interpretations. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward looking statements as a result of various factors, including, but not limited to, variations in the nature, quality and quantity of any mineral deposits that may be located. All of the Company's public disclosure filings may be accessed via www.sedar.com and readers are urged to review these materials, including the technical reports filed with respect to the Company's mineral properties.

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FPX Nickel Publishes Scoping Study Report for North America's Largest Nickel Sulphate Refinery

FPX Nickel Publishes Scoping Study Report for North America's Largest Nickel Sulphate Refinery

FPX Nickel Corp. (TSXV: FPX) (OTCQB: FPOCF) (" FPX " or the " Company ") announces that further to its news release dated February 24, 2025 it has published the Report for the Awaruite Refinery Scoping Study (the " Study ") on its website at https:fpxnickel.comprojects-overviewawaruite-refinery .

FPX Nickel logo (CNW Group/FPX Nickel Corp.)

The Study demonstrates a compelling business case for the development of a standalone refinery (the " Refinery ") to refine awaruite concentrate into battery-grade nickel sulphate for the electric vehicle (" EV ") industry, along with producing valuable cobalt, copper, and ammonium sulphate by-products. The Study has been prepared by Wood Canada Limited and all amounts are in US Dollars unless otherwise indicated.

Highlights

  • Strong Economics: After-tax NPV 8% of $445 million and IRR of 20% at $8.50 /lb Ni
  • Large-Scale, Long Life : 40-year operating life producing 32,000 tpa of nickel contained in battery-grade nickel sulphate
  • Valuable Products: Production of battery-grade nickel sulphate for the EV industry, and by-products including cobalt, copper, and ammonium sulphate, a valuable fertilizer product for the agricultural sector
  • Low Cost: Total estimated operating costs of $1,598 /t Ni, or $133 /t Ni ( $0.06 /lb Ni) on a by-product basis for refining awaruite concentrate to battery-grade nickel sulphate, resulting in total all-in production costs of $8,290 /t Ni ( $3.76 /lb Ni) for nickel sulphate generated from awaruite mineralization (inclusive of mining, processing, refining, on a by-product basis), with both figures ranking in the lowest decile of the respective global nickel sulphate cost curves
  • Low Carbon : A carbon intensity of 0.2 tCO2/t Ni for refining operations, resulting in a total all-in carbon intensity of 1.4 t CO2/t Ni for nickel sulphate generated from awaruite mineralization, which is magnitudes lower than current nickel sulphate production routes

The Study reinforces the opportunity for the development of an integrated, made-in- Canada solution from mine-to-battery, utilizing awaruite concentrate as a lynchpin source of nickel, with conventional refining steps underpinning low-cost, low-carbon nickel production for use in domestic and allied country EV battery supply chains. The Study is described more fully in the FPX news release dated February 24, 2025 , and incorporates the flowsheet advancements outlined in the Company's previously reported pilot-scale hydrometallurgical testwork results (see the FPX news release dated October 15, 2024 ).

Andrew Osterloh , P.Eng., FPX's Senior Vice President, Projects and Operations, has reviewed and approved the content of this news release.

About FPX Nickel Corp.

FPX Nickel Corp.  is focused on the exploration and development of the Baptiste Nickel Project, located in central British Columbia , and other occurrences of the same unique style of naturally occurring nickel-iron mineralization known as awaruite.  For more information, please view the Company's website at https://fpxnickel.com/ .

On behalf of FPX Nickel Corp.

"Martin Turenne"
Martin Turenne , President, CEO and Director

Forward-Looking Statements
Certain of the statements made and information contained herein is considered "forward-looking information" within the meaning of applicable Canadian securities laws, including those which relate to the proposed development of the Refinery, the intended processing of commercially available awaruite concentrate at the Refinery and the ability to obtain same; the projected economics of the Refinery, including capital cost; operating costs; NPV; IRR; carbon intensity; processing life; growth of the EV market; marketability of the concentrate; growth of demand for nickel sulphate and pricing therefor; and all other statements, other than statements of historical facts. These statements address future events and conditions and actual results could differ from those currently projected.  The Company does not assume the obligation to update any forward-looking statement.

Generally, forward-looking statements can be identified by the use of terminology such as "plans", "expects', "estimates", "intends", "anticipates", "believes" or variations of such words, or statements that certain actions, events or results "may", "could", "would", "might", "occur" or "be achieved". Forward-looking statements involve risks, uncertainties and other factors that could cause actual results, performance and opportunities to differ materially from those implied by such forward-looking statements. Factors that could cause actual results to differ materially from these forward-looking statements are set forth in the public reports and filings for FPX, filed on SEDAR+ at www.sedarplus.com . Although FPX believes that the information and assumptions used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed times frames or at all. Except where required by applicable law, FPX disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

SOURCE FPX Nickel Corp.

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/March2025/31/c8434.html

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Vertex Minerals Limited Shares Commence Trading on US OTC Market

Vertex Minerals Limited Shares Commence Trading on US OTC Market

Perth, Australia (ABN Newswire) - Vertex Minerals Limited (ASX:VTX) (OTCMKTS:VTXXF) is pleased to announce that its Ordinary Shares have been approved to trade on the OTCQB Venture Market ("OTCQB") in the United States of America (the "U.S.") and have commenced trading under the ticker VTXXF.

HIGHLIGHTS

- Trading commences on OTCQB under the ticker VTXXF.

- OTCQB recognised as an Established Public Market by the SEC.

- Offers enhanced investor benefits, including streamlined trading access for U.S.- based investors to VTX.

- Enables engagement with a network of U.S. investors, data distributions and media partners.

- ASX compliance qualifies for exemption under US regulations, minimising additional costs.

- There is no change to issued capital as part of the quotation on the OTCQB market and Vertex's primary listing remains the Australian Securities Exchange ("ASX") listing.

- No new shares in Vertex have been issued as part of the quotation on the OTCQX Market in the USA.

"The US market will take a keen interest in Vertex, an Australian gold company which will be recognised for its high-grade, future free cash generation, exploration upside, and its Australian dollar market value. The OTCQB quotation makes Vertex more readily accessible to a wider audience at a time when the US market is bullish gold and witnessing record Gold prices". Roger Jackson Executive Chairman

The dual-listing of the Company's ordinary shares on the OTCQB offers key advantages for investors, such as improved trading accessibility for U.S.- based investors and increased liquidity driven by a wider geographic reach of potential shareholders. This platform enables the Company to connect with U.S. capital markets, data providers, and media outlets, ensuring that U.S. investors have access to the same high-quality information and disclosures available to Australian investors, delivered through U.S.-focused platforms. Furthermore, the OTCQB listing allows U.S. investors to trade VTX's ordinary shares in U.S. dollars during U.S. market hours, providing a more cost-effective alternative to trading via the ASX platform.

The ability to trade in the Company's existing ordinary shares on the ASX will not be affected by having the OTCQB facility and no new ordinary shares have been issued. VTX will continue to make announcements and disclosures to the Australian Securities Exchange through the Market Operating Rules and Listing Rule requirements.

The OTCQB is acknowledged by the SEC as an Established Public Market and serves as a prominent platform for U.S. and international companies in the entrepreneurial and growth stages. Eligibility requires companies to maintain up-to-date financial reporting (in line with ASX listing rule obligations), meet a minimum bid price requirement, and complete an annual verification and management certification process. As a trusted and transparent marketplace with streamlined access to U.S. investors, the OTCQB supports companies in building shareholder value, enhancing liquidity, and achieving fair market valuation.

The Company would like to thank David Batista of Viriathus Capital who have acted as Sponsor for the Company's application to commence cross-trading on the OTCQB.



About Vertex Minerals Limited:  

Vertex Minerals Limited (ASX:VTX) is an Australian based gold exploration company developing its advanced Hargraves and Hill End gold projects located in the highly prospective Eastern Lachlan Fold Belt of Central West NSW. Other Company assets include the Pride of Elvire gold project and Taylors Rock gold/nickel/lithium project both located in the Eastern Goldfields of WA. The focus of Vertex Minerals is to advance the commercial production of gold from its NSW projects embracing an ethical and environmentally sustainable approach.



Source:
Vertex Minerals Limited

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Anteros Completes 3D Modelling and Identifies New Critical Mineral Targets at Havens Steady VMS Deposit, Newfoundland

Anteros Completes 3D Modelling and Identifies New Critical Mineral Targets at Havens Steady VMS Deposit, Newfoundland

Anteros Metals Inc. (CSE: ANT) ("Anteros" or the "Company") is pleased to announce the completion of 3D geological modelling of its 100% owned, road-accessible Havens Steady VMS Property (the "Property") in central Newfoundland. The Property is located approximately 40 kilometres southeast of Buchans and 17 kilometres from the past-producing Duck Pond Mine. The inaugural 3D model integrates over 8,000 metres of historical drilling, surface geochemistry, and geophysical data into a unified geological framework. Interpretation was supported by AI-assisted workflows to enhance target confidence and reduce interpretive bias. The model defines a laterally extensive polymetallic volcanogenic massive sulphide ("VMS") system characterized by zinc-lead-silver ± copper-gold mineralization. It confirms a steeply southeast-dipping mineralized zone trending 057°, with over 700 metres of drilled strike length along the main mineralized zone ("MMZ"), as depicted in Figure 1, and identifies multiple untested vectors remaining open along strike and at depth.

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Horne 5 Project Update

Horne 5 Project Update

Falco Resources Ltd. (TSX.V: FPC) (" Falco " or the " Corporation ") announced today that since its March 3 rd press release (the " March 3 rd Press Release "), the Corporation has received complementary correspondence (the " Complementary Correspondence ") from the Direction de l'évaluation environnementale des projets industriels et minières, at the Ministère de l'Environnement, de la Lutte contre les changements climatiques, de la Faune et des Parcs (the " Ministry "), which aims to clarify the Ministry's position regarding the ongoing process regarding the Horne 5 Project (the " Project ").

The Complementary Correspondence confirms, among other things, that the list of comments and questions previously received and discussed in the March 3 rd Press Release (the " Additional Questions ") is part of the standard process and that at this stage of the process, as with any other project, no conclusions can be drawn, whether regarding the acceptability or otherwise of the Project or the recommendation that may subsequently be made to the Minister.

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