Key points
- The company was granted a mining licence over a 140 sq km area of the Koichab prospect within its Luderitz Bay grant in Namibia.
- Mining at the project is targeted to commence in the third quarter of 1997.
- The company has filed an application to list on the Nasdaq.
- Initial approval for the Nasdaq listing has been obtained from the SEC.
The company is not aware of any reason for the sudden rise in its share price.
The company recently announced the grant of its mining licence over a 140
sq km area of the Koichab prospect of its Luderitz Bay grant, Namibia.
The mining project is proceeding well and is within previously announced
cost and time parameters. Mining is targeted to commence in third quarter
1997.
The company continues to pursue expansion opportunities in the region.
The company has recently filed an application to list on the Nasdaq.
Initial approval has been obtained from the SEC.
