Metorex
Perkoa Memorandum of Understanding
Metorex is pleased to announce that the Burkina Faso Government has agreed
to the broad terms of a Memorandum of Understanding as requested by Metorex.
Signature of this agreement forms the basis of the Mining Lease and allows
Metorex to proceed with the final feasibility study and infrastructural
discussions with all related stakeholders and Aid Agencies.
It is envisaged that this process will take some 12 months whereafter a
production decision will be possible. The development of the mine would be
contingent upon the viability having been confirmed and the necessary formal
documentation having been completed.
Metorex is delighted with this recent approval and look forward to our
continuing good relationship with the Burkina Faso Government.
End.
ENQUIRIES
Metorex
Simon Malone CEO 011 880 3155
TriLogy Communication
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