THE BOURSE WHISPERER: Gold Road Resources (ASX: GOR) announced the signing of a native title agreement, enabling the granting of mining leases covering the company’s Gruyere, Central Bore and Attila projects.
These leases are all owned 100 per cent by Gold Road, and are located in the Yamarna Greenstone Belt, approximately 200 kilometres east of Laverton in Western Australia.
Gold Road signed the Gruyere and Central Bore Native Title Agreement with the Yilka People and the Cosmo Newberry Aboriginal Corporation (CNAC) on 3 May 2016.
This enabled Gold Road to lodge State Deeds for the mining leases, which have subsequently been granted by the WA Government.
The leases cover all three JORC 2012-compliant gold resources discovered by Gold Road in the Yamarna Belt, including the 6.2 million ounce Gruyere deposit, which is currently the subject of a Feasibility Study and is expected to be developed as the company’s first gold mine.
“Securing the mining leases represents a further achievement in the ongoing de-risking of the Gruyere project and we would like to thank the state government, the Yilka People and CNAC for their support in reaching this significant milestone,” Gold Road executive chairman Ian Murray said in the company’s announcement to the Australian Securities Exchange.
“The company looks forward to bringing the Gruyere project into production.”
Gold Road is on schedule to complete its Feasibility Study over the Gruyere project by the end of 2016.