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Mt Kasi Draws Interest From International Companies

Mount Kasi was once a thriving gold mine, operating for the first time between 1932 and 1946.
03 Aug 2020 14:42
Mt Kasi Draws Interest From International Companies
Mt Kasi gold mine operated from 1932 to 1946, and 1997-1998.

A tender process has been advertised for mineral exploration at Mount Kasi following an influx of interest from international companies.

The Department of Mineral Resources said international investors had registered interest in exploratory works at the closed Mount Kasi Gold Mine on Vanua Levu.

Acting director of Mines, Raymond Mohammed said: “Tender of mineral prospects is allowed under the Mining Act, and given the huge interest received from potential investors interested in undertaking further exploratory work in Mt Kasi, the Minister for Lands and Mineral Resources approved a competitive tender process for Mt Kasi.”

The tender closes on August 14.

The mine is located four kilometres northeast of Dawara Village, 40 kilometres west of Savusavu.

Mount Kasi was once a thriving gold mine, operating for the first time between 1932 and 1946.

The mine reopened from 1997 to 1998.

Importance of junior companies

Mr Mohammed said 10 new applications received by the department had been from junior overseas prospectors for prospecting licences in Fiji.

He said junior exploration companies were significant for any jurisdiction as the companies helped further mineral exploration work.

By furthering mineral exploration interests, junior companies attracted mining companies when significant mineral resource discovery was made, Mr Mohammed said.

Feedback: charles.chambers@fijisun.com.fj

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