Ethiopian government approves East Africa Metals’ mining licences for the Mato Bula Gold Copper and Da Tambuk Gold Deposits in Adyabo Project.
Canadian mineral exploration company East Africa Metals has secured approval for mining licences for the Mato Bula Gold Copper and Da Tambuk Gold Deposits in Ethiopia.
The company focuses on exploration and development projects in Africa.
The gold deposits are part of the company’s 100% owned Adyabo Project, located in the Tigray National Regional State of the Federal Democratic Republic of Ethiopia.
East Africa Metals said that with the newly received Mato Bula and Da Tambuk mining licenses, its assets now include four, fully permitted gold and base metal mining projects in Africa, with indicated resources totaling 2.8m gold and gold-equivalent ounces and exploration upside.
The Ministry of Mines, Petroleum and Natural Gas (MoMPNG), the Prime Minister’s Office and the Council of Ministers have formally approved the mining licence agreements for Mato Bula and Da Tambuk.
East Africa CEO Andrew Lee Smith said: “The awarding of the Mato Bula and Da Tambuk mining licenses marks an important milestone for East Africa, the Government of Ethiopia and the MoMPNG.