Future Plans. ▇▇▇▇▇▇▇ is planning to advance both the Alacrán and Oposura projects through intensive drilling, ahead of its intention to list on the Toronto Stock Exchange within 18 months of completion of the Transaction. At Oposura, resource expansion drilling will be undertaken in conjunction with further geotechnical and metallurgical testwork with a view to delivering an updated Preliminary Economic Assessment (“PEA”) in approximately 18 months. At Alacrán, ▇▇▇▇▇▇▇ is planning to undertake resource expansion drilling to substantially increase the Inferred and Indicated Mineral Resources (as previously defined by Azure) and define a single larger resource base inclusive of Loma ▇▇▇▇▇▇, Mesa de Plata and San Simon which will provide the basis to undertake a PEA.
Appears in 2 contracts
Sources: Agreement to Sell, Agreement to Sell