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Great Quest Fertilizer (TSXV:GQ) announced the successful renewal of the Aderfoul permit, one of three concessions that form the Tilemsi phosphate project.
Great Quest Fertilizer (TSXV:GQ) announced the successful renewal of the Aderfoul permit, one of three concessions that form the Tilemsi phosphate project.
As quoted in the press release:
This renewal, which is the first of two allowed under the mining regulations in Mali, grants the company a further two years for exploration work on the permit. This was expected, as the Company has kept the permit in good standing and is actively upgrading the project. The Company is currently seeking to advance from an exploration permit to an exploitation permit and is completing the necessary work for that purpose.
Great Quest wishes to bring to the attention of stakeholders and potential investors that it is already in receipt of the environmental permit for the Tilemsi phosphate project (See press release June 4, 2015), and that it has signed an offtake agreement with a local distributor for 95% of production from the proposed operation (See press release October 17, 2014).
Click here for the full press release.