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Deep-South Resources: High Court of Namibia Orders the Ministry of Mines to File Documents with the Court Before October 10, 2021
VANCOUVER, BC, Sept. 24, 2021 /CNW/ - Deep-South Resources Inc. ("Deep-South" or "the Company") (TSXV: DSM) reports that at the Court hearing on September 16, 2
About this update from Koryx Copper S.a.
[{"type":"text","content":" VANCOUVER, BC, Sept. 24, 2021 /CNW/ - Deep-South Resources Inc. (\"Deep-South\" or \"the Company\") (TSXV: DSM) reports that at the Court hearing on September 16, 2021, the High Court of Namibia ordered the Ministry of Mines and Energy of Namibia to file the documents supporting the decision of the Minister to refuse the Haib Copper licence renewal. After the filing of the Ministry's documents, Haib Minerals (the subsidiary of Deep-South holding the licence) will have until October 21, 2021 to supplement or amend its own documents filed on July 20, 2021. The Court will hold another hearing on October 28, 2021, to define the further procedures with regards to the review of the decision of the Minister. The Company will provide regular updates in this regard and any other matter concerning this situation. As disclosed in our press release dated June 16, 2021, the Company had received notice from the Ministry informing the Company that its application for the renewal of its EPL had been denied citing the Company's inability to advance the EPL to Pre-Feasibility and complete the proposed drilling program as planned. The Company maintains that the Ministry was kept well apprised, with no objection on their part, of a proposed change from the Pre-Feasibility study to an upgraded Preliminary Economic Assessment (PEA) and commencement of a full feasibility study. The latter was already started at the time of the refusal. Moreover, the Ministry issued all permits required for the drilling program and are well aware that Deep-South has completed the drilling program. As a result of the Minister's refusal to renew the Licence, the Company terminated all work on site and proceeded with the retrenchment of its employees on site. The Company is vigorously contesting the decision by all means necessary and available under the Minerals (Prospecting and Mining) Act (the \"Act\") and other applicable laws of Namibia. In its application for renewal and subsequent representations made to the Ministry, the Company maintains that it clearly demonstrated having met all criteria under the Act to justify the renewal of its Licence. About Deep-South Resources Inc Deep-South Resources is a mineral exploration and development company Deep-South growth strategy is to focus on the exploration and development of quality assets in significant ...