Can someone get GWMG's application for prospecting rights in the region surrounding GWMG’s Steenkampskraal monazite mine in South Africa...lol.. would love to get my hands on the actual application that was submitted and approved.
A GUIDELINE FOR A PROSPECTING WORK PROGRAMME TO BE SUBMITTED FOR APPLICATIONS FOR A PROSPECTING RIGHT
IN TERMS OF THE MINERAL AND PETROLEUM RESOURCES DEVELOPMENT ACT, 2002, (ACT NO. 28 OF 2002) (the Act)
In terms of section 17(1) of the Act, the Minister must, subject to subsection 17(4), grant a prospecting right if-
(a) the applicant has access to financial resources and has the technical ability to conduct the prospecting operation optimally in accordance with the prospecting work programme,
(b) the estimated expenditure is compatible with the proposed prospecting operation and duration of the prospecting work programme,
(c) the prospecting will not result in unacceptable pollution, ecological degradation or damage to the environment,
(d) the applicant has the ability to comply with the relevant provisions of the Mine Health and Safety Act,1996 (Act No 29 0f 1996); and
(e) the applicant is not in contravention of any other relevant provision of the Act.
This guideline is intended to assist applicants to comply with the aforesaid granting criteria insofar as they relate to other relevant provisions of the Mineral and Petroleum Resources Development Act and Regulations, through the compilation of the prescribed prospecting work programme to be submitted together with any application for a prospecting right in terms of regulation 7(1) of the Regulations.
6. REGULATION 7(1) (e) - A geological description of the land substantiated by a geological map.
The applicant is required to provide-
A geological map at a scale suitable to substantiate the prospecting methods described in accordance with Regulation 7(1) (g).
A geological description that is detailed enough to substantiate the prospecting methods described in accordance with Regulation 7(1) (g).
A geological description that lists known mineral/rock/commodity deposits of economic interest in the vicinity within the context of the regional geology.
10. REGULATION 7 (1) (i) – Technical data detailing the prospecting method or methods to be implemented and the time required for each phase of the prospecting operation.
The applicant is required to provide an explanation of the required technical work and expertise and to carry out the prospecting activities described under sub-regulation 7 (1) (g) above and within the phases or timeframes required to do such work. The following tabulation serves as an illustrative example.
PHASE 1 (e.g. 12 months)
Desk top studies
Geophysical or geotechnical work Research and target identification
PHASE 2 (e.g. 24 months)
Invasive work such as trenching, pitting, drilling and excavations
Analytical and modelling work Infill work
Bulk sampling and testing to be carried out
PHASE 3 (e.g. 12 months)
EIA and EMP for mining right application Pre-feasibility studies
Investment decision making application for mining rights
e.g. Geologist / Mineral Economist
e.g. Geologist / Mineral Economist e.g. Geologist
e.g. Works foreman / labourers / drilling contractors
e.g. Samplers/ Geologists
e.g. Laboratory / laboratory technician / laboratory services
e.g. Mineral economists/ Geologists
e.g. Geologists / works foremen / labour/ contractors
e.g. Mining engineers / works foremen / labour / contractors
e.g. Environmental specialists
e.g. Mineral Economists/ geologists/ engineers/ accountants
e.g. Mineral economists/ geologists/ accountants / consultants
13. REGULATION 7 (1) (j) (ii) – Details and documentary proof of a budget and documentary proof of the applicants financial ability or access thereto.
Conclusive evidence is required that the identified budget requirement is available to the applicant to carry out the work undertaken in the prospecting work programme, which evidence may include, but is not limited to the following-
i. Loan agreements entered into for the proposed prospecting operation;
ii. resolution by a company to provide for the finances required for the
proposed prospecting operation; and
iii. any other mechanism or scheme (such as loan finance, mezzanine
finance, equity or underwriting) providing for the necessary finances for the proposed prospecting operation;
In order to meet the requirements of section17 (1) (a) of the Act, read together with Regulation 7 (1) (j) (ii), conclusive evidence must be provided that the applicant has the means to fund the financial requirement as identified by the total budget provided in the abovementioned table.
The conclusive evidence referred to above, includes proving that the lender, company providing for the finances, or underwriter or provider of funding through any other mechanism or scheme, has the means to do so as evidenced by its most recent audited financial statements, and has committed to do so to the amount determined in the aforesaid budget.
Besides the Monazite containing REE's what else might GWMG or "others" be looking for? Maybe a potential
GWMG HOLDS THE FOLLOWING PRIORITIES FOR ITS EXPLORATION ACTIVITIES.
Heavy rare earth project focus,
Politically stable environments,
Potential off-take agreements wherein GWMG may or may not undertake the exploration activities itself,
Increasing the supply of feedstock for the Steenkampskraal processing and separation operation as well as downstream processing at LCM.
Would be cool if another party donated a substaintail amount of money to our LAST FEW PROJECTS to get us to production for the rights to a few other goodies that may be available and GWMG does not need...lol.. What other minerals might be of interest out there?
GREAT WESTERN MINERALS GROUP GRANTED STEENKAMPSKRAAL REGIONAL RARE EARTH PROSPECTING RIGHT
(August 15, 2012) - Saskatoon, Canada: Great Western Minerals Group Ltd. ("GWMG" or the "Company", TSX:V – GWG) is pleased to announce that it has been successful in its appeal of an outstanding application for prospecting rights in the region surrounding GWMG’s Steenkampskraal monazite mine in South Africa.
Notification of the grant of the prospecting right was received by GWMG from the Director-General of the Mineral Resources Division, Department of Mineral Resources of South Africa.
As noted in a February 7, 2012 media release, GWMG had made application, through its 74% owned subsidiary, Steenkampskraal Monazite Mine (Pty) Ltd., for prospecting rights for approximately 547 square kilometers surrounding the Steenkampskraal site. (GWMG regional prospecting rights map at http://www.gwmg.ca/gwmg-nr-15-aug-12.html)
The Company was, and remains, of the opinion that a number of known monazite outcroppings outside the Steenkampskraal mine site area warrant exploration work in addition to the strong exploration results already reported at the mine site (see April 10, 2012 news release, GWMG Reports Initial Steenkampskraal Rare Earth Assays).
GWMG President and Chief Executive Officer Jim Engdahl said, "Our success in this appeal process is a critical win for the Company as it enables us to extend the Steenkampskraal exploration program past the current boundaries and into the surrounding region. From a long term perspective, for Steenkampskraal and for GWMG, this represents a very important step forward."