Scarborough, Australia (FSCwire) - Gold developer West African Resources Limited (ASX, TSXV: WAF) is pleased to report that the Council of Ministers of the Government of Burkina Faso has approved changes to the original mining permit for the Sanbrado Gold Project which encompass revised mining and ore processing methods detailed in the latest feasibility study announced on 22 June 2018. The updated mining permit approves changes to include underground mining in addition to open pit mining, and approves using the carbon in leach (CIL) processing method.
Receipt of the updated mining permit completes another key milestone for the Company and follows the government of Burkina Faso’s environmental approval for the Sanbrado Gold Project in April 2018.
Managing Director Richard Hyde commented:
“We have now completed the major permitting milestones for the Sanbrado Gold Project.”
“We thank the government of Burkina Faso and local stakeholders for their continued support.
“We are continuing to drill at M1 South and M5 and will release updated resource estimates and a Scoping Study investigating M5 underground potential by the end of Q3 2018.
“We expect to appoint a banking syndicate to fund the majority of the project capital requirement by the end of Q4 2018.”