Deliverables in Romania
Permitting & Development
- Last remaining approval required for Zonal Urbanisation Plan (“PUZ”) received 16 March 2010
- Full PUZ received – sign off by local Certej Council
- Mining permit already in place
- Build out of technical team
- EIS submitted
- Final EIS and construction permits anticipated
- Project manager developing project team
Finance
- Mandate letter for US$135m debt financing signed
- Term sheet finalised with banks and roles agreed
- Credit commitments in place
- Final documentation
Exploration
- Exploration defines extensions to prolific historic mining area
- Ongoing regional and near mine exploration of licences
- Identify new gold targets in Brad area and porphyry targets in Deva region