3rd Feb 2014 11:52
LONDON (Alliance News) - Sylvania Platinum Ltd said Monday the environmental assessment phase of is proposed Volspruit project has reached a significant milestone, as the Environmental Assessment Practitioner has recommended the advancement of the project.
The platinum group metal processor and developer, with operations in South Africa, said the Environmental Assessment Practitioner has made a recommendation to the authorities to advance the Volspruit project, and further permitting applications in order for the project to be approved in full are now commencing.
It said a decision on the Mining Right Application is expected by the middle of this year.
The Volspruit project is situated in the Northern Limb of the Bushveld Igneous Complex adjacent to the Nyl River in the Limpopo Province of South Africa.
Sylvania Platinum's shares were trading 8.2% higher just before midday Monday, at 6.49 pence per share.
By Rowena Harris-Doughty; [email protected]; @rharrisdoughty
Copyright © 2014 Alliance News Limited. All Rights Reserved.
Related Shares:
Sylvania Platinum