Panthera Resources advances Bhukia gold project in India
Source - SMW
Panthera Resources said it had a successful resolution to pending court actions that represented a positive step in the permitting process for its Bhukia gold mine joint venture in Rajasthan, India.
Stay orders were granted by the High Court of Rajasthan in favour of the JV in all cases and prevented the government of Rajasthan from creating 'third party rights or interest' over the tenement area, Panthera Resources said.
'This step towards the granting of the JV's production licence and the associated court rrder is of utmost importance,' chief executive Geoff Stanley said.
'It recognises and records the recent agreement between the government and the JV regarding the granting of our production licence and puts the mandate on the government to take action in respect of the production licence application within three months.'
'This positive legal outcome is complimented by the constructive dialogue and understanding that has been reached with key members of the government and other key organisations involved in the approvals process.'
At 8:22am: (LON:PAT) Panthera Resources Plc Ord 1p share price was 0p at 19.5p