WTM 12.5% 9.0¢ waratah minerals limited

Interesting Quanta - schedule at the back of the March 2014...

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    Interesting Quanta - schedule at the back of the March 2014 quarterly shows 5572 as granted and 6216 and 6272 as application still (with ownership of 5572 as 100% and of the other two as 0%), but the statement on 20th June 2014 that was made to announce the commencement of the graphite exploration has the wording: "The Montepuez Grahpite Project comprises three 100% owned exploration licenses".  

    Based on that wording I would assume those two have gone from applications to granted sometime between end of March quarter and 20th June. (Lets hope so!).

    They did state at the time of the aquisition (in announcement on 27 May 2013) that they expected the applications to be granted within 12 months (of that date) which would mean they expected them to be granted by 27 May 2014.   This could possibly explain why exploration didn't commence until June I guess.

    June quarterly will have the info if you don't find out anything concrete prior to that but I would be inclined to assume they wouldn't state "three 100% owned exploration licenses" if they hadn't been granted.
 
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