Edenville Energy PLC Mining Licence Update (7940B)
06 April 2017 - 7:05PM
UK Regulatory
TIDMEDL
RNS Number : 7940B
Edenville Energy PLC
06 April 2017
6 April 2017
EDENVILLE ENERGY PLC
("Edenville" or the "Company")
Mining Licence Update
Edenville Energy plc (AIM:EDL), the company developing a coal
project in south west Tanzania, is pleased to announce the
enlargement of Mining Licence ML362/2016 ("Mining Licence") has
been completed with the amalgamation of the 14 Primary Mining
Licence's located at Mkomolo. The enlarged Mining Licence covers
9.88km(2), with the Mkomolo coal measures selected for mining by
the Company now being entirely held in this one continuous licence
area under the name of Edenville International Tanzania Ltd.
Secondly, to the west of the enlarged Mining Licence,
Prospecting Licence PL11342/2016 (the "Prospecting Licence") has
been granted to the Company. The Prospecting Licence covers the
remaining Mkomolo coal measures and allows the Company to carry out
further exploration work as necessary, and if appropriate,
incorporate these resources into an expanded mining plan around the
development of a mine mouth power plant. The Prospecting Licence
covers an area of 29.62km(2) and can be referred to as the Nkasi
block.
Rufus Short, CEO of Edenville, commented: "We are pleased this
process has been completed which will allow the smooth expansion of
the entire Mkomolo mining area. As previously stated we are in the
process of developing the site which includes the construction of a
coal washing plant that will be used to produce a range of coal
products for local and regional use. We will continue to update the
market on progress in the coming weeks."
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) 596/2014.
For further information please contact:
Edenville Energy Plc
Jeff Malaihollo - Chairman +44 (0) 20 7652
Rufus Short - CEO 9788
Northland Capital Partners Limited
(Nominated Adviser)
Gerry Beaney +44 (0) 20 3861
David Hignell 6625
Optiva Securities Limited
(Broker)
Jeremy King +44 (0) 20 3137
Graeme Dickson 1902
IFC Advisory
(Financial PR and IR)
Tim Metcalfe
Graham Herring
Heather Armstrong +44 (0) 20 3053
Miles Nolan 8671
This information is provided by RNS
The company news service from the London Stock Exchange
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