Troy Resources Limited (ASX: TRY) – $0.565 (-6%)

09 Feb 2015

Troy Resources Limited (ASX: TRY) receives a Mining Licence for its Karouni Gold Project located in Guyana (Figure 1).


TRY Karouni Gold project

Figure 1. Location of Karouni Gold Project



As a result of receiving the Mining Licence, the company is now in a position to proceed to the advanced stage of project development, including plant construction and pre-strip mining operations.


The issue of the Licence also completes the list of conditions and requirements for the company’s $30 million Tranche B Facility with Investec Bank.



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