Gibb River Diamonds Limited (ASX:GIB) Secures Mining Lease for Edjudina Project
Mining Lease Granted
Gibb River Diamonds Limited has been granted Mining Lease M31/495 by the West Australian Mines Department for its Edjudina Gold Project. The lease covers the main JORC resource at the Neta Prospect, encompassing an Indicated and Inferred Resource of 378,000 tonnes at 1.9g/t for 24,000 ounces of gold, including an Indicated Resource of 110,000 tonnes at 2.2g/t for 8,000 ounces.
Future Plans
The company is developing a Mining Proposal for the Neta Resource and assembling supporting documentation from recent work. Upon completion, the proposal will be submitted to the WA Mines Department. Gibb River Diamonds is also coordinating an Aboriginal heritage survey with the WTAC Native Title group and plans to conduct further surveys. Additionally, the company is in discussions with a private West Australian group specializing in mine, haul, and toll milling operations to facilitate mining activities at the Neta Gold Prospect.
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