Tembo Gold (TSE:LVG) has released an update.
Lake Victoria Gold Ltd. has achieved a milestone with the Tanzanian Fair Competition Commission’s approval of its subsidiary Tembo Gold’s acquisition of the Imwelo mining licence. The fully permitted licence, part of a sizable gold resource project, is poised to enhance Lake Victoria Gold’s status as a growing gold producer in East Africa. With major infrastructure and plant designs in progress and the acquisition nearing completion, the company is advancing its strategic expansion.
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