More positive news from #ACP as the project builds up to financial close.
I personally feel financiers will need to see the Mining Right in place first before committing but like HZM, should all come to an exciting head in H2 this year.
I personally feel financiers will need to see the Mining Right in place first before committing but like HZM, should all come to an exciting head in H2 this year.
https://twitter.com/aimrns/status/1293884392541216768
1/3
As an example of the potential speed of the Mining Right application, Black Rock Mining, the neighbouring project in Tanzania, applied for its Mining Right on 18th Nov 2018 and received it on 26th Feb 2019.
So c. 3 months, be it the same cannot be guaranteed for #ACP
As an example of the potential speed of the Mining Right application, Black Rock Mining, the neighbouring project in Tanzania, applied for its Mining Right on 18th Nov 2018 and received it on 26th Feb 2019.
So c. 3 months, be it the same cannot be guaranteed for #ACP
2/3
If about right, then that would place the Mining Right at c. end of Sept.
Next after that will be the Resettlement Action Plan, binding off-takes and the government's free carry negotiations, which for Black Rock, run at 16% and are still to be fully resolved.
If about right, then that would place the Mining Right at c. end of Sept.
Next after that will be the Resettlement Action Plan, binding off-takes and the government's free carry negotiations, which for Black Rock, run at 16% and are still to be fully resolved.
3/3
However, I don't see that last item being absolute key to financial close and from what I have seen to date, ACP look far more on the ball than both Black Rock and Walkabout Resources, who are both active graphite companies in Tanzania but have seen their projects stall.
However, I don't see that last item being absolute key to financial close and from what I have seen to date, ACP look far more on the ball than both Black Rock and Walkabout Resources, who are both active graphite companies in Tanzania but have seen their projects stall.
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