AuKing Mining Limited (ASX: AKN) is expecting a decision from the Tanzanian Mining Commission in relation to the status of its two paid up Prospecting Licences at Manyoni in central Tanzania, by the end of June 2024.
AuKing is chasing copper, uranium and base metals projects in Africa and Australia.
AuKing’s Managing Director, Mr Paul Williams, said he welcomes the prospect of a decision in relation to the Manyoni Prospecting Licences. This follows a recent meeting between AuKing’s legal representative in Tanzania and senior officials from the Ministry of Mines and the Mining Commission.
“It is most unfortunate that nearly 15 months has passed since two important AuKing licences at Manyoni were revoked by the Mining Commission. From the outset AuKing has maintained that the process around the revocation of the Manyoni licences was not in accordance with relevant provisions of the Tanzanian Mining legislation.
“At least we now have an expectation that a decision will be made shortly and hopefully AuKing has the opportunity to carry out the detailed drilling, metallurgical testwork and further exploration that has been planned for the Manyoni Project but not as yet carried out,” Mr Williams said.
AKN was trading flat at 2 cents.