Chatham Rock Phosphate Nears Korella Mine Permitting
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Chatham Rock Phosphate Nears Korella Mine Permitting

Story Highlights
  • Korella North Mine’s permitting is nearly complete with a key Rail Corridor Agreement signed.
  • Mining lease ML100379 is awaiting final grant, offering a decade of secured access.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

Chatham Rock Phosphate Limited (TSE:NZP) has released an update.

Chatham Rock Phosphate Limited has announced the near completion of the permitting process for its Korella North Mine, with the recent signing of a Rail Corridor Agreement pivotal for mine access. The grant of mining lease ML100379, which is expected soon, will secure access over adjacent rail lines for a term of 10 years with the possibility of renewal.

For further insights into TSE:NZP stock, check out TipRanks’ Stock Analysis page.

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