A short summary if you have not kept up on all communication! A new geological exploration program shall be developed for geological mapping of one or two ore bodies for mining development. The project is in a phase where a bank guarantee of NOK 800 'should be the basis for an initial investment plan of NOK 290' for a three-year geological exploration program. The process has been going on for some time now and will be upgraded with more concrete workarounds after the contract documents have been prepared with including institutions from the Norwegian government, attorneys, partners for preparation of feasibility study and the initial projecting stage.
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