Angola grants Rift exploration permits
PERTH (miningweekly.com) – The Angolan Ministry of Geology and Mines has given its approval for ASX-listed Rift Valley Resources’ mining and investment contract over the Ozango multi-metals project.
The approval of the mining and investment contract allows Rift to explore for nonferrous metals, rare-earth elements, rare metals and precious metals on the 3 670 km2 tenement.
The mining and investment contract would be valid for an initial five years, with two one-year extensions available. On the discovery of an economic resource, Rift would also be allowed to apply for a mining licence, which would be valid for a period of up to 35 years.
Rift said on Thursday that the company has already started planning exploration programmes for the Ozango project, which would start as soon as practicable.
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