Plymouth Minerals (“Plymouth” or “the Company”), is pleased to provide an update of immediate activity at the San Jose/Valdeflorez lithium-tin project (San Jose, or The Project) in Spain. After completion of a successful $6.5 million capital raising (ASX release 13th December 2017) which was Jointly Managed by Canaccord Genuity and Hartleys. Plymouth has commenced a Feasibility Study which Plymouth intends to complete during 2018.
To finalise the process of lodging the Mining Licence Application (MLA) which earned Plymouth its initial 50% interest (ASX release 11th October 2017) all supporting documentation has been submitted to the relevant authorities in Extremadura, Spain. Plymouth and our JV partner, Valoriza Mineria, presented The Project to various government authorities concurrent with this lodgement.
The planned technical work for the Feasibility Study 2018 is substantial and will advance San Jose significantly. This will also be matched by a keen focus on permitting and social aspects, which is best conducted from the local area and office in Caceres.