Mount Burgess Mining progresses with Nxuu project

Mount Burgess Mining NL (ASX:MTB) has received Environmental Impact Assessment (EIA) approval from the Department of Environmental Protection Botswana. This approval permits resource definition drilling at the Nxuu Deposit, Western Ngamiland, Botswana. The company will conduct 2,600 meters of core infill drilling to upgrade its Mineral Resource Estimate, facilitating future feasibility studies.

Outlook for Mount Burgess Mining's Nxuu project

Mount Burgess Mining NL has achieved a milestone with the EIA approval for its Nxuu Deposit in Botswana, paving the way for crucial resource definition drilling. The company's objective is to upgrade its Mineral Resource Estimate to meet JORC compliance. This will facilitate necessary pre-feasibility and definitive feasibility studies, essential for future mining operations. With the Nxuu Deposit's promising low-cost, low-risk characteristics and a diverse range of minerals, the company aims to capitalize on this potential. A further extension of the Prospecting Licence has been applied for, indicating Mount Burgess Mining's commitment to advancing the project and ensuring a robust mining strategy.

Executive insights on Nxuu Deposit development

The granting of the EIA approval is a crucial step for Mount Burgess Mining, allowing us to proceed with resource definition drilling at the Nxuu Deposit. This will enable us to upgrade our existing Mineral Resource Estimates in compliance with the JORC Code, moving us closer to mine production.