Scotland is one step closer to having its first commercial gold and silver mine as Scotgold Resources (LON: SGZ) said Thursday it had submitted the last application to secure planning permits for its Cononish project, near Tyndrum.
The company, which has decided to liquidate its French subsidiary, said that it had worked with the Trossachs National Park Planning Authority (NPA) to secure all the necessary licences required for planning approval, adding it expects a formal decision soon.
Scotgold is anticipating a number of conditions, but said that it had made the necessary preparations to deal with them “as promptly as possible”.
Cononish produced first gold in August 2016 following the launch of an ore processing trial and the plan is now to build a large-scale operation.
Scotgold Resources will do so by reopening an old mine shaft and moving 170,000 tonnes of rock, along with the mineral ore.
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