The project's scoping report was recently accepted by the mining regulator, enabling progression to the final stage of the mining licence submission process.
The Witwatersrand Project hosts a JORC resource of 3.65 million ounces grading 3.4 g/t gold which is the base for a full-scale mine development under the mining licence being progressed.
Chairman Michael Quinert will outline the company's strategy to investors at the Proactive CEO Sessions next month in Sydney and Melbourne.
The company is also in the process of revealing an exploration plan for the Mt Cecelia Project located within the highly prospective Paterson Province of Western Australia.
The Paterson Province is highly prospective for gold and copper mineralisation and includes mining operations such as Metals X Limited’s (ASX:MLX) Nifty copper mine and Newcrest’s (ASX:NCM) Telfer gold mine
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