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With the interpretation of geological data complete on Paser, the explorer will now proceed with the design and implementation of a drilling program to define a mineable resource.
The company is in the process of mobilising a drilling team to define a JORC-compliant resource and confirm the economic viability of the site.
Padang already verified approval for haul road and jetty use and permits from the Environmental Impact Control Agency and the Forestry Services Department of Mining and Energy.
Paser is situated within the Tanjung formation, covering 43 hectares and surrounded by advanced haul roads.
In April, Padang signed a memorandum of understanding with Paser shareholders to acquire a 70% stake in the project.
