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This article first appeared in Mining Review Africa Issue 9, 2019 Read the full digimag here or subscribe to receive a print copy here The DFS considered a processing rate of 625 000 tpa of ore, producing an average of 80 000 ozpa of gold over a proposed five year life of mine at an all-in sustaining cost of US$662/oz for a total capital expenditure of $87.6 million.
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The official cost for the Possess or Purchase License is fixed at just about N30, 000. The processing fee a professional handling such process will be charged can be expected to be far higher than the quoted official fee. However, it is advisable that individual or company applying for any mining license in Nigeria should negotiate the final
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