The Tandarra project is a shallow cover gold deposit around 60km northwest of the world class Fosterville gold mine, in the centre of the state.
The retention licence, granted by the Department of Economic Development, Jobs, Transport and Resources, replaces the existing exploration licence.
The licence transition follows DEDJTR's acceptance of Tandarra's mineralisation report back in August, which showed major gold mineralisation in the project area.
Tanderra's programme of work has also been accepted by DEDJTR, as has the JV's proposed milestone schedule.
The works will cost the JV around $3.1 million over the ten-year period, which will expire in November 2028.
Acceptance of the retention licence and a spend of $3 million were key terms of the 2014 farm-ou...
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