The gold confiscated earlier this year when mine operations were halted is set to be returned to Barrick.
The deal will be executed via a Canadian plan of arrangement.
The company said the permit approval marks a significant step in advancing its 2025–26 drill campaign.
Launched in mid-November, phase one of the Turvolandia rare earths drill programme includes around 1,000m of drilling.
The transaction, which is contingent upon ASX approval, is due to be completed by late March 2026.