“The pumping capacity of the dredging unit will ensure optimal operation of the dams which need to be kept at the required storage volumes."
The net proceeds will principally be used for the continuation of project development workstreams comprising the detailed design for the mine.
"Moving the full plant by road not only offered the lowest risk profile, but reduced our production offline time significantly.”
Moma is a significant contributor to Mozambique’s economy and accounted for around 5% of the country’s exports in 2018.
“We are excited to extend the agreement with Farvic, which upon completion, gives PSC 87% equity stake in the Arcadia Project."
“Outcomes for the remainder of FY21 are expected to be stronger with firm market demand supporting price increases for all our products."
ASX-listed Marvel Gold is giving consideration to the best pathway to maximise value for Marvel shareholders, including a possible demerger and IPO of its 100%-owned Chilalo graphite project in Tanzania.