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News Cohiba Minerals secures Pyramid Lake mine lease extension and recommences expansion application

Cohiba Minerals secures Pyramid Lake mine lease extension and recommences expansion application

Written by Global Gypsum staff
28 October 2021
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Australia: Cohiba Minerals has received notification that it has successfully secured a 5-year extension of its exploration licence for its Pyramid Lake gypsum mine in south-western Western Australia. The new lease will expire on 4 July 2026.

The company says that it has recommenced its application for a mining lease for the high-grade area of the Pyramid Lake mine, which is not covered by its present lease. It says that it had previously delayed the process due to a change in its application conditions.

Cohiba Minerals previously announced the planned expansion in December 2020 as part of a countrywide expansion of its extraction activities, towards which it was raising US$1.5m through a share purchase plan.

Published in Global Gypsum News
Tagged under
  • Australia
  • Cohiba Minerals
  • Mine
  • lease
  • licence
  • government
  • funding
  • investment
  • shares

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