The economic feasibility of Imweru is being re-modelled to assess the potential impact of the new legislation and mining regulations
Tanzania-focused miner PLC (|) is doing additional work on the pre-feasibility study at its Imweru gold project to include recent changes to the mining laws in the country.
All of the technical aspects of the PFS are now finished, said Katoro, but the economic feasibility of Imweru is being re-modelled to assess the potential impact of the new legislation and mining regulations.
Louis Coetzee, executive chairman, said: "Changes in the Tanzania mining legislation and associated mining regulations, recently released, has compelled the company to conduct further assessments to determine the extent to which the new legislation and regulations may impact the viability of the Imweru gold project.
“Work in this regard is nearing completion and a further update will follow shortly."
Imweru currently has a resource of 515,110 oz of gold.
is a subsidiary of ().
NO INVESTMENT ADVICE
The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...
In exchange for publishing services rendered by the Company on behalf of Katoro Gold named herein, including the promotion by the Company of Katoro Gold in any Content on the Site, the Company receives from said...
FOR OUR FULL DISCLAIMER CLICK HERE