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GULF MANGANESE CORPORATION LIMITED

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21 December, 2017
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Gulf to undertake due diligence on high-grade Timorese manganese mine

Highlights:

  • Intention to underpin high-quality ore supply for the Kupang Smelting Hub
  • Gulf to perform due diligence on the mine leading to potential acquisition
  • The mining concession covers 1007 hectares in North Central Timor, East Nusa Tenggara Province 


Gulf Manganese Corporation Limited (ASX: GMC) (“Gulf” or “the Company”) is pleased to advise that it has commenced due diligence on a previously operating manganese mine in Timor East Nusa Tenggara. 


The mine has a Production Operation Mining Business License issued in respect to the mining concession which comprises 1007 hectares in North Central Timor, East Nusa Tenggara Province. The concession is certified Clean & Clear, confirming that ownership and other legalities have been verified by the Government and that the production of manganese ore is approved.



Read the full 21 December 2017 ASX Announcement

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