Mining Licence Update

RNS Number : 7940B

Edenville Energy PLC

06 April 2017

 

6 April 2017

EDENVILLE ENERGY PLC

("Edenville" or the "Company")

Mining Licence Update

Edenville Energy plc (AIM:EDL), the company developing a coal project in south west Tanzania, is pleased to announce the enlargement of Mining Licence ML362/2016 ("Mining Licence") has been completed with the amalgamation of the 14 Primary Mining Licence's located at Mkomolo. The enlarged Mining Licence covers 9.88km², with the Mkomolo coal measures selected for mining by the Company now being entirely held in this one continuous licence area under the name of Edenville International Tanzania Ltd. 

Secondly, to the west of the enlarged Mining Licence, Prospecting Licence PL11342/2016 (the "Prospecting Licence") has been granted to the Company.  The Prospecting Licence covers the remaining Mkomolo coal measures and allows the Company to carry out further exploration work as necessary, and if appropriate, incorporate these resources into an expanded mining plan around the development of a mine mouth power plant.  The Prospecting Licence covers an area of 29.62km² and can be referred to as the Nkasi block.     

Rufus Short, CEO of Edenville, commented: "We are pleased this process has been completed which will allow the smooth expansion of the entire Mkomolo mining area. As previously stated we are in the process of developing the site which includes the construction of a coal washing plant that will be used to produce a range of coal products for local and regional use. We will continue to update the market on progress in the coming weeks." 

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.

For further information please contact:

Edenville Energy Plc Jeff Malaihollo - Chairman Rufus Short - CEO	[phone]
Northland Capital Partners Limited (Nominated Adviser) Gerry Beaney David Hignell	[phone]
Optiva Securities Limited (Broker) Jeremy King Graeme Dickson	[phone]
IFC Advisory (Financial PR and IR) Tim Metcalfe Graham Herring Heather Armstrong Miles Nolan	[phone]

 

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