First Bauxite Corporation, a Canadian natural resources company engaged in the exploration and development of bauxite deposits in Guyana, South America, has been granted an extension to commence construction work on its Bonasika Project. The construction commencement date has now been extended to January 31, 2019.
The Guyana Geology and Mines Commission (GGMC)has approved the 12-month extension under the Bonasika Mining Licence. The company has received formal notification from GGMC.
“The company had earlier received an extension through January 31, 2018, which also provided for an additional year to be granted if the GGMC considered the Company to have made sufficient progress to merit the additional extension,” according to company’s press release.
“In addition, the Company has also received from the Government of Guyana an executed Amendment Agreement to its Mineral Agreement to reflect the new project concept of a mining and beneficiation plant in Guyana and the downstream processing plant in the USA.”