Post by
Yepnewpapy on Apr 19, 2023 3:06pm
DSM comments and update
Deep-South has "very constructive" meeting with Namibia
2023-04-17 10:30 ET - News Release
Mr. Pierre Leveille reports
HAIB COPPER: CONSTRUCTIVE MEETING AT THE MINISTRY OF MINES AND ENERGY OF NAMIBIA
The directors of Deep-South Resources Inc. subsidiary Haib Minerals Pty. Ltd. have met with the Minister of Mines, the Mining Commissioner and the Deputy Executive Director. The meeting was held at the Ministry of Mines and Energy of Namibia on Thursday, April 13, 2023. The meeting was very constructive.
The ministry has not appealed the High Court verdict. Positive for DSM
As per the court verdict, the ministry has reopened the application renewal procedure for the Haib copper licence.
The parties have agreed that Haib will provide additional information that covers the work completed between January, 2021 (application date), and June, 2021. No problem to provide info on work and $$$
EPL 3140 has been reinstated in the cadastre of the ministry. The cadastre shows that the licence is valid and pending renewal. Positive for DSM
The ministry's officials have agreed that, upon reception of the documents from Haib, they will proceed promptly with the analysis of the application in order to finalize their decision in a timely fashion. This is where the risk is but the verdict did not raise any non-respect of the mining law by DSM, therefore granting of the HAIB Licence to DSM is expected.
Pierre Leveille, president and chief executive officer of Deep-South, stated: "The meeting was conducted in a very positive manner and was very constructive. We are highly confident we will now create renewed strong working relations with the ministry's officials. Further to the meeting, we are confident that the licence will be renewed in a timely manner."
About Deep-South Resources Inc.