African-focused Cardinal Resources’s (ASX: CDV) development plans for its Namdini Gold Project in Ghana has achieved another milestone with the granting of ts Water Extract Permits granted by the Ghanaian Water Resources Commission.
The Water Use Permit has been granted Ghana to extract raw water from the White Volta River for mining and processing purposes
The Water Use Permit has also been granted to extract raw water from boreholes located within the Mining License area for mine construction and development purposes.
Cardinal’s Chief Operating Office, Dave Anthony, said these key permits will enable Cardinal to support the development and operation of the Namdini Gold Project.
“These permits allow for all year‐round water extraction from the White Volta River, as well as boreholes located on the project site.”
Cardinal’s Chief Executive Officer / Managing Director, Archie Koimtsidis, said the company is extremely grateful to the Water Resources Commission of Ghana and all involved for the approval of our Water Use Permits and ongoing water licences.
“We are enthused with the granting of these critical permits as they are essential to the Namdini Project. With these approvals in place, there is clear demonstration of continued support for the project development from the Ghana Government.
“The Namdini Gold Project is rapidly and successfully moving into its development phase”
Cardinal has also reported that the FEED programme of works is making excellent progress in accordance to the project execution schedule and with all principle design and procurement activities advancing as needed.
The FEED programme is focused on further de‐risking of the Project, while also looking for opportunities to reduce upfront capital and ensure achievement of the project execution schedule.
The programme will more precisely define the technical requirements of the Namdini Project and deliver an optimised mine design and processing treatment plant. This work is also designed to refine capital estimates and operating costs.
Several key Owners Team positions in Cardinal have been appointed, to advance permitting, social and community requirements as well as site development, to support the Early Works Construction stages. The Relocation Action Plan has been developed and has been signed off by all stakeholders ready for initiation, subject to final project finance.