Tenements

Craton Mining and Exploration Pty Ltd, (‘Craton’) has established a significant tenement package totalling over 14,250 km². This is made up of ten Exclusive Prospecting Licences (‘EPL’s’) and eight EPL applications.

Click on the figure above to view the interactive map.

 

An EPL is a three-year licence, issued by the Namibian Ministry of Mines and Energy, to cover an area of up to 1,000 km².  It gives exclusive exploration rights to the land and may be renewed twice for two-year periods (if progress is shown). Ministerial approval is required for further extensions. The grant of an EPL carries with it the right to be granted a Mining Licence if the holder can demonstrate the financial and technical ability to develop and operate a mine.

 

 

Copyright 2008 International Base Metals Limited