The Dinagat Mining Project
The table below summarizes the Company’s mineral rights:
MPSA-010-92-X or the “Casiguran Nickel Project,” was acquired by the Company from Casiguran Mining Corporation by virtue of a deed of assignment on
May 29, 2006, which was approved by the Department of Environment and Natural Resources (DENR) on December 11, 2006. In addition, MPSA-283-2009-XIII-SMR or the “Rapid City Parcel II Prospect” (“Rapid City”) was approved by the DENR on June 19, 2009.
The Acoje Property is covered by APSA-086-XIII and Environmental Compliance Certificate (ECC) No. 008-345-301C. APSA-086-XIII was applied with the MGB on July 5, 2004. APSA-086-XIII is still under final evaluation with the Mines and Geosciences Bureau (MGB) Central Office as at December 31, 2019 and 2018.