Nyuni Area
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OPERATOR: | Ndovu Resources Ltd – 100% interest | |
OTHER CONTRACTING PARTIES: | ||
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License Area Size: | 855.81 sq.km | |
PSA Signed Date: | 27th October 2011 | |
Effective Date (Initial Period): | 27th October 2011 | |
First Exploration License: | 6th December 2016 | |
Second Exploration License: | N/A | |
Current License Period: | First Extension Period | |
Current License Effective Date: | 6th December 2016 | |
License Expire Date: | 26th October 2019 | |
STATUS OF OPERATION | ||
TPDC and Contractor to acquire, process and interpret 150 sq.km, Carry out Geological and Geophysical studies, Drill atleast two (2) exploration wells and acquire, process and interpret 266 sq.km. | ||
CURRENT STATUS | ||
Ndovu is expecting to undertake 3D seismic survey over the area | ||
FISCAL TERMS | ||
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SURFACE RENTAL | ||
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