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Cardinal Resources Ltd.
Summary
| Project: | Namdini | |
|---|---|---|
| Deposit: | Namdini | |
| Location: | Ghana | |
| Commodities: | Gold | |
| Date: | 5/4/2020 | |
| Report Code: | (Enviro) | |
| Report Type: | EIA/ESIA | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 4-5-2020: Cardinal Resources Ltd. announces an EIA/ESIA report for its Namdini deposit at the Namdini project. EIS approved for Namdini Project by Ghanian EPA. The forecast financial information set out above in Table 1 was initially contained in Cardinal | |
| Resources: | (Reserves, P+P): 138.6Mt @ 1.13g/t at Project | |
| CP/QP: | [Overall Report]: n/a (n/a) | |
| ABSTRACT: | The forecast financial information set out above in Table 1 was initially contained in Cardinal’s Feasibility Study (refer Cardinal’s ASX Announcement (ASX:CDV) of 28 October 2019 titled “Feasibility Study Confirms Namdini as Tier One Gold Project”. Cardinal confirms that all the material assumptions underpinning the above forecast financial information in the Feasibility Study continue to apply and have not materially changed. CORPORATE ACTIVITY Please refer to the company’s announcements of 16 March 2020 and 30 March 2020 in relation to the recent approach from Nord Gold. The Company continues to work with the Special Purpose Committee to review all strategic alternatives. There have been no confirmed cases of COVID-19 at any of the Company's sites or offices and a comprehensive response plan is in place to ensure the protection of our staff and contractors. The safety of our people, their families and the communities in which we operate are, and will always be Cardinal’s first priority. The challenges of COVID-19 are constantly changing and we remain flexible and united in our responses to maintain staff safety. | |
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