Zimbabwe
Current Status
The Company has two (2) pending Exclusive Prospecting Order (“EPO’s” or “EPO”) applications under review by the relevant Zimbabwean authorities. The Company's two applications, the Mt. Darwin West EPO and the Nyanga North EPO, were submitted in June 2021. The two EPO applications combined cover approximately 124,000 hectares (1,240 km). Both EPO applications have been forwarded from the Attorney General’s offices to the offices of the Mining Affairs Board (“MAB”) for further consideration as part of the approval process. Subject to review and approval by the relevant authorities, the applications may then be presented to the Minister of Mines and ultimately to the Office of the President for final consideration and signature. The timing and outcome of the applications remain uncertain at this stage, and there can be no assurance that the EPOs will be granted.
EPO Key Features
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Grants the holder exclusive rights to prospect for specified minerals within the EPO area;
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Initial term of three (3) years, with provision for renewal or extension subject to regulatory approval;
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Economic mineral discoveries made within the EPO area may be converted into registered mining claims or other mining titles in accordance with Zimbabwean mining laws;
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Registered mining claims may confer the right to mine, subject to applicable permitting requirements, including environmental approvals and Environmental Impact Assessment ("EIA) requirements where applicable.
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Mt. Darwin West EPO
Approximately 63,000 Ha, over prospective Archean geology; surrounding highly active small scale miners; prospective for gold and lithium. -
Nyanga North EPO
Approximately 61,000 Ha, over prospective hydrothermal gold in shear zones as well as Witwatersrand style gold conglomerates; small scale miners active in area. Nyanga North EPO now surrounded by additional EPO applications for lithium.
Location
Mt. Darwin West EPO
Property Map
