The Conversation (0)
Syrah Resources (ASX:SYR) applied for a Mining Licence with the Government of Mozambique for its Balama project. The Company completed infill drilling at the high grade Ativa Zone and extensive graphite horizons were intercepted as anticipated. Environmental permitting work is ongoing and expected to be completed by October 2013.
As quoted in the press release:
APPLICATION FOR MINING LICENCE
Following completion of the Balama West Scoping Study, Syrah completed additional work to convert the Study to an Economic Feasibility Study as required under the Mozambique Mining Law. As the Balama West resource is currently in the Inferred category, Syrah is unable to published the results of the Study (refer announcement of 12 June 2012). A Mining Licence has now been applied for with the Government of Mozambique. Environmental work is ongoing and expected to be completed by October 2013.
Click here to read the Syrah Resources (ASX:SYR) press release
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