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).
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.
For further information, visit www.troyres.com.au
Resources Stocks to Watch (RSTW) is the leader in research on over 680 ASX listed micro to small-cap mining stocks and commodities. We are independent and do not accept commissions. We tell it like it is. Our reports are researched by experienced geologists and resources analysts, the experts in the field.