REG - Corcel PLC - Wowo Gap: Wardens Hearing

CorcelAnnouncement

28/03/2022 07:00

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RNS Number : 1270G  Corcel PLC  28 March 2022

 

Corcel PLC

("Corcel" or the "Company")

 

Wowo Gap: Wardens Hearing

 

28 March 2022

 

Corcel, the natural resource exploration and development company with
interests in battery metals and flexible energy generation and storage is
pleased to announce that the Deputy Chief Mining Warden has attended the
Warden's Hearing for the Company's Wowo Gap nickel-cobalt project in Papua
New Guinea and at the meeting expressed support in relation to the project.

 

The Warden's Hearing is an important milestone in the license renewal process
as it covers both the two past years of the EL1165 exploration license as well
as the current two-year exploration period.  The Warden's Hearing is
considered a broad analogue to local community planning approval in the UK.

 

This support will now be added to technical assessment reports covering the
Company's lease applications and will be submitted to the Mining Advisory
Council ("MAC").  The MAC will then consider the application and make
recommendations to the Mining Minister regarding formal exploration license
renewal.

 

The Company will provide further updates on the renewal process in due
course.

 

Corcel is currently progressing renewal of the existing exploration licences
in parallel to ongoing JORC upgrade and Gap Analysis work in preparation for a
bankable feasibility study and ultimately a mining lease over the project.

 

Scott Kaintz 020 7747 9960
                                    Corcel Plc CEO

James Joyce / Andrew de Andrade 0207 220 1666
          WH Ireland Ltd NOMAD & Broker

Simon Woods 0207 3900
230
                                 Vigo
Consulting IR

 

This announcement contains inside information for the purposes of Article 7 of
the UK version of Regulation (EU) No 596/2014 which is part of UK law by
virtue of the European Union (Withdrawal) Act 2018, as amended ("MAR"). Upon
the publication of this announcement via a Regulatory Information Service,
this inside information is now considered to be in the public domain.

 

 

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