SYDNEY (Indonesia Today) – Finders Resources Limited has received a number of additional permits in relation to its Wetar Copper project, Indonesia.
The licenses include a further exploration stage forestry permit (pinjam pakai) for the Kali Kuning and Meron deposit locations from ministry of forestry and the final building permits from local government of Maluku for the main Wetar plant and the neutralization plant.
Finders said the final gazetting of Maluku spatial plan, however, is still pending release of maps for signing by provincial authorities. “The spatial plan affects multiple parties in the province, including a number of plantation companies and government infrastructure projects in addition to the release of land from forestry classification at Wetar, resulting in much slower progress than anticipated by the local government,” the ASX-listed company admitted.
Finders is the operator of the Wetar copper project (95% interest) and the Ojolali gold-silver project (72% interest) in Java Island. The company plans to produce up to 25,000 tons of copper cathode in Wetar Island. (bintang@theindonesiatoday.com)