https://confidentenamibia.com/retrenchments-hit-haib-projectThe Ministry of Mines has denied its EPL renewal citing Deep-South’s inability to advance the EPL to prefeasibility study (PFS) stage and to complete the proposed drilling programme as planned.
However, in a statement, Deep-South points out that it kept the ministry well apprised, with no objection on its part, of a proposed change from the PFS to an upgraded preliminary economic
assessment, as well as the start of a full feasibility study.
Further, Deep-South says the Ministry of Mines and Energy issued all permits required for the drilling programme and is “well aware” that the company has completed the programme.
Confidente reported last week that Deep-South had said that it has demonstrated to Alweendo that, during the past two tenures (from April 2017 to April this year), it invested N$23 million with the completion of, besides other elements, a National Instrument 43 101 resource estimation, a PEA, a large 2t sampling and bio heap-leach test, geological mapping, modelling and an upgraded PEA.