Aspire welcomes Tyva rail support

Aspire Mining and its rail subsidiary Northern Railways LLC welcome confirmation of support for the Northern Rail Corridor from the Tyva Republic Government. Tyva is a republic within the Russian Federation that covers the proposed corridor from the Mongolian border at Arts Suuri through Kyzyl and north towards the Trans-Siberian Railway.

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Sihayo aims to raise A$4.5 million

Sihayo Gold is seeking to raise up to approximately $4.5 million through a pro rata non-renounceable entitlements offer with the majority of funds to be used for loan repayments. Funds will also be allocated to optimisation of a feasibility study into the company’s Sihayo/Sambung Gold Project in North Sumatra, Indonesia.

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Woodlark development extension granted

Authorities in Papua New Guinea have granted a 2.5-year extension on the Mining Lease of the Woodlark Gold Project joint venture of Geopacific Resources and Kula Gold. The approval grants the JV additional time to develop the project within the 20-year Mining Lease.

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Tax changes lead to Jonnagiri study delay

Recent changes to the Indian tax system, including implementation a comprehensive goods and services single tax (GST) across the country, have led to delays in completion of an economic feasibility study (EFS) for Lionsgold Limited’s Jonnagiri Gold Project in India. The study is now expected to be ready by early August.

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