The Agadir office of the Ministry of Energy and Mines granted the licences through a direct claim from the Moroccan Government.
The companies have entered into multi-year agreements for the committed supply and sale of tungsten products to the US market.
The update is part of exploration activities across the Waihi District, covering Wharekirauponga and Waihi North.
Neo will provide technical support and design input for Phalaborwa’s final SX separation circuit using its technology.
The sites were chosen using results from MT and DCIP geophysical surveys.
The arrangement is estimated to have a nominal value of more than $1.87bn (£1.41bn) over the duration of the contract.
