Sedar filingsFROM SEDAR.COM
Financial Statement May 31, 2021
Total current assets $3,948,708
Total liablilities $154,196
Net $3,794,512
MD & A May 31, 2021
The Company maintains that the Ministry was kept well apprised, with no objection on their part, of a proposed change from the Pre-Feasibility (PFS) study to an upgraded Preliminary Economic Assessment (PEA) and the commencement of a full Feasibility Study (FS). The FS was already commenced with at the time of the refusal.
On December 15, 2020, the Company released its independent updated Preliminary Economic Assessment (PEA) on the Haib Copper project. The PEA was completed by Mineral Engineering and Technical Services of Australia (“METS”) on its Haib Copper project in Namibia.
The results from the PEA have been promising and provides a fundamental support for Deep South Resources intention to move the project towards the Feasibility Study phase of the deposit.