The National Directorate of Mines has issued a new mining concession licence to Pathfinder Minerals for its Moebase mineral sands deposit in Mozambique.

Pathfinder has received the mining concession licence 4623C for a period of 25 years, replacing the previous exploration and research licence 73L.

With this licence, Pathfinder Minerals, through its subsidiary Companhia Mineira de Naburi holds the Moebase and Naburi licences situated on the Indian Ocean coast of Mozambique.

Pathfinder Minerals CEO Nick Trew said that the firm will now move forward through feasibility with the benefit of full mining concession status on both the assets.