West African Resources' mining permit application for the Sanbrado Gold Project has been approved by Burkina Faso Government's Council of Ministers.
The project was previously known as Tanlouka Gold Project and later renamed Sanbrado Gold Project to better reflect the local community.
West African Resources managing director Richard Hyde said: “We are delighted to announce the company has now completed the permitting process, and can focus on completing the feasibility study, and commencing development of the Sanbrado Gold Project.
“We thank the government of Burkina Faso and local stakeholders for their support.”
Project feasibility studies have already started and will be delivered in the first quarter of this year. It will be released along with the NI 43-101 technical report.
Securing the mining permit will allow the company to advance with development of this Sanbrado Project according to schedule.
Construction at the site is scheduled to start later this year after completion of project financing.
West African Resources stated that it has $17m in the credit with no debts.
Upon testing, Sanbrado Gold Project is estimated to have mineral resource of about 9.8 million tonnes grading 2.1g/t gold for 670,000oz of gold in the indicated category with a further 10.7 million tonnes grading at 2g/t of gold for 695,000oz of gold in the inferred category, reported Mining.com.