West Wits updates Indonesia gold project
Wednesday, April 30 2014 - 07:22 AM WIB
Alluvial Gold Project, Papua Province (WWI: 50%)
West Wits Mining Limited (WWI) during the quarter continued its discussions with all key stakeholders within the Papuan bureaucracy whose support is critical to the commissioning West Wits? alluvial gold project in Derewo River, Papua Province, Indonesia (?Derewo?). Based on expressions of support from local authorities West Wits has commenced preparations to recommence operations. The support provided by local law enforcement will be a critical element to the success of this initiative.
In November 2013 the Company deferred commissioning the alluvial project whilst the local authorities implemented their plans to clean up the illegal activities on the site. The implementation of these plans has taken far longer than what had been envisaged in the original timelines provided by local government. Whilst these drawn out timelines have been frustrating, West Wits has continued to work closely with the Paniai Mines Department to finalise plans for the commissioning of the mine.
All equipment remains secure at site in readiness to commission the alluvial circuit.
The Company will provide further updates to shareholders on commissioning of the alluvial circuit as matters progress.
Exploration Project, Papua Province (WWI: 80%)
Exploration plans continue to be held in abeyance pending commissioning of the alluvial circuit.
Permitting
The Company has continued to engage with the relevant departments and officers, for each of the three regencies in which its exploration permits are located, to ascertain when each Clean and Clear list will be registered with the central mines department in Jakarta. The delays with the Clean and Clear list are affecting all rights holders in Papua. (end of excerpt)