C29 Metals Limited (ASX:C29) (C29, or the Company) is pleased to announce that its application for the southern tenement has been granted. This tenement granting process has been completed in 15 days demonstrating the efficiency of the Government agencies and their support for the Company’s activities.
HIGHLIGHTS
C29 has received notification that’s its application for the southern tenement has been granted.This tenement granting process has been completed in 15 calendar days demonstrating the efficiency of the Government agencies and their support for the Company’s activities.The southern tenement is the largest of the two applications at ~213km2 and is around and contiguous the Ulytau Uranium project.C29 will immediately commence the exploration approval process for this new southern tenement.The approval process for the Company’s planned exploration programs at the Ulytau Uranium project is at an advanced stage & is on track.
C29 Metals Managing Director, Mr Shannon Green, commented:
“It is very exciting to have this highly prospective application granted in such a rapid timeframe. This is further demonstration of the positive operating environment in Kazakhstan and the support the company is enjoying”.
The Southern application (application number 1905-EA, lodged 17/07/2024) is contiguous with the Ulytau licence area, and sits immediately to the South and East of the Ulytau Uranium project tenement boundaries. The Southern application area is ~213 km2.
The newly granted tenement is interpreted as having a similar mineralised trend to that of the existing Ulytau Project area, refer ASX Announcement “License Applications Lodged around Ulytau Uranium Project” dated 24 July 2024 and the further clarification on 25 July 2024.
Click here for the full ASX Release
This post appeared first on investingnews.com