Adyton Gets Approval From MRA for 20,000 Tonne Bulk Sample at Wapolu Gold Project
Adyton Resources (ADY.V) on Tuesday said it received approval from Papua New Guinea's Mineral Resources Authority (MRA) for its application to vary Exploration Licence EL 2549, allowing a bulk sample extraction and processing of about 20,000 tonnes of ore from the Wapolu Gold project.Exploration Licence 2549 is currently the subject of an Environment Permit application, Mining Lease Application 1390, and Lease for Mining Purposes 152, it said."The ability to mobilise ahead of Mining Lease approval enables us to accelerate key development activities including, metallurgical testing, process optimisation and the production of concentrate samples for customer qualification and pricing," said Chief Executive Tim Crossley. "This approval keeps us firmly on track as we work to unlock the value of this high-quality gold project and progress Wapolu towards production."Shares of the company were last seen up $0.005 t0 $0.32 on the TSX Venture Exchange.Price: $0.32, Change: $+0.01, Percent Change: +1.59%
