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Thursday, July 18, 2024
Invictus Energy has provided an update on operations at its 80% owned SG 4571 license in Zimbabwe’s Cabora Bassa Basin, stating the license containing the Mukuyu discovery has been renewed for further three years.
Geo Associates, the company’s 80% owned subsidiary and holder of Special Grant 4571 has received notification that its application to extend the tenure of the SG 4571 license for a further three years has been approved by the Mining Affairs Board. This will be followed by publication in the Government Gazette.
The exploration license for the third period for SG 4571 runs to June 2027. The company plans to undertake a comprehensive work program for the third three-year exploration period including 3D seismic acquisition and additional exploration/appraisal drilling.
Invictus is able to apply for a production special grant license at any stage.
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