Corcel (GB:CRCL) has released an update.
Corcel PLC, a London AIM-listed exploration and production company, is proceeding with the sale of its Mambare nickel/cobalt project interest in Papua New Guinea despite not receiving a pre-emption response from Battery Metals Australasia Limited. In addition, the company’s joint venture partner has been notified by the Ministry of Mining that the application for a mining lease has not been granted, with a 30-day appeal period provided. No further developments have been reported post the appeal period.
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