Central Rand Gold has agreed to acquire mine waste dump material near the company's metallurgical plant.
The mine waste dumps are jointly owned by a South African company and its Black Economic Empowerment partner.
The vendor has also submitted the requisite mining right applications over the various mine waste dumps which are approximately 10km, via sealed roads, from CRG's metallurgical plant. The mine waste dumps are a result of mining operations that took place in the area in the late 1890s.
At 1:03pm: (LON:CRND) Central Rand Gold Ltd share price was +0.13p at 1.38p