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Gibb River Diamonds (ASX: $GIB) progresses mining licence for Edjudina Gold Project

Overview of GIB's Edjudina Gold Project update


Gibb River Diamonds Limited (ASX: $GIB) is advancing the permitting process for the Edjudina Gold Project in WA's Eastern Goldfields region. The company aims to capitalize on the recently reported maiden JORC Inferred and Indicated Resource at the Neta Prospect, which boasts shallow mineralization from the surface, favorable grades, and a significant portion of resource ounces in the Indicated category.

Executive commentary on Edjudina Gold Project's progress


GIB is actively pursuing the grant of MLA31/495, essential for advancing the project to mining. We have lodged a Section 35 application with the National Native Title Tribunal to facilitate the permit's grant, demonstrating our commitment to engaging with the Native Title Party for a mutually beneficial agreement. We are focused on achieving a timely resolution through the NNTT process, considering the commercial timeframes involved. - Jim Richards, Executive Chairman

Summary of Edjudina Gold Project's developments and outlook


Gibb River Diamonds (ASX: $GIB) is making significant strides in securing the mining licence for the Edjudina Gold Project, aiming to leverage the maiden JORC Resource at the Neta Prospect. The company's proactive engagement with the National Native Title Tribunal reflects its commitment to responsible and inclusive project development. With a strategic focus on timely resolution, GIB is poised to unlock the potential of the Edjudina Gold Project, contributing to its corporate growth and long-term objectives.

GIBB RIVER DIAMONDS LIMITED
GIB | ASX | Materials
0.0430(+0%)
At close 05/07 (AEDT)
Market cap
$9.1M
Volume
0
DY Yield
0
PE Ratio
0
52 Week Range
0 - 0.065
1YR Return
258.333%

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