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Plateau Energy Metals Inc. PLUUF

Plateau Energy Metals Inc is an exploration stage company. The company is in the process of acquisition, and exploration, and evaluation of mineral properties in Peru. It is principally engaged in the exploration for uranium on its properties located in the Macusani plateau region of southeastern Peru and the Falchani lithium project.


GREY:PLUUF - Post by User

Comment by juanPeruon Jun 05, 2019 11:21am
240 Views
Post# 29799962

RE:APPEAL Presidential Resolution N° 0464-2019-INGEMMET/PE

RE:APPEAL Presidential Resolution N° 0464-2019-INGEMMET/PE Actually, it's the other way around. It's not that PLU "targets" (or "complexes") are within claims at risk, but rather these claims are within said "complexes":

Falchani Complex = Falchani + Ocacasa 4
Tuparamani Complex = Tuparamani + Colibri II + Colibri III
Isivilla Complex = Triunfador 1 + Lincoln XXVI
Corani Complex = Lincoln XXX + Calvario II + Lincoln XXIX + Calvario III

User image

For example, you can see that the Falchani Complex comprises the Falchani and the Ocacasa 4 claims. It seems from this other map (1) that the falchani claim covers around 70% of the Falchani Complex, and ocacasa 4 only the balance (30%).

User image

Are expired areas free for anyone to claim them? From the FAQ section on INGEMMET's web page it seems that the answer is yes (2):

What mining rights are published as claimable?
 
The mining rights that are published as claimable, are:
 
a) Mining rights formulated according to the grid system Legislative Decree Number 708, that were declared:
 
- Expired
- Abandoned
- Null
- Resigned
- Rejected (exception those rejected in urban expansion area).
 
b) Mining rights formulated in accordance with legislation prior to the L.D. N. 708, which have UTM coordinates incorporated into the National Mining Cadastre, and were declared:
 
- Expired
- Resigned

However, if the Company were to interpose an appeal before the Judiciary then I guess the mining rights would be classified as "in litigation" and thus no one would be able to claim them until a trial ends confirming the expiration. Imagine what would happen for example if ocacasa 4 was taken by another company and one year later PLU wins the trial, would the claim be taken from the new owner? It does not make any sense.

(1) https://plateauenergymetals.com/wp-content/uploads/2019/03/Figure_1_Falchani_Drill_Location_Map_PLU_2019-03-04.jpg
(2) https://www.ingemmet.gob.pe/preguntas-frecuentes
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