Receives Approval for Resettlement Action Plan
Receives Approval for Resettlement Action Plan
Perth, Mar 11, 2020 AEST (ABN Newswire) - Cardinal Resources Limited (ASX:CDV) (FRA:C3L) (OTCMKTS:CRDNF) (TSE:CDV) is pleased to announce that the Resettlement Action Plan (RAP) for the Company's Namdini Gold Project in Ghana, West Africa has been approved by the Minerals Commission of Ghana (MinCom).

HIGHLIGHTS

- The RAP report was produced in accordance with the Minerals and Mining (Compensation and Resettlement) Regulation 2012 (L.I 2175), and International Finance Corporation's (IFC) Performance Standards on Social and Environmental Sustainability

- The RAP for Cardinal Resources' Namdini Gold Project in the Talensi District of the Upper East Region of Ghana was submitted to The Minerals Commission of Ghana (MinCom) in December 2019

- The plan, which includes concrete structures such as residential and public housing, a healthcare facility, two schools, teacher's accommodation and three religious venues was accepted by the Project Affected People (PAP) and the Talensi District Assembly in February 2020
- The approved RAP is utilized by the Environmental Protection Agency (EPA) to support the Environmental Impact Study (EIS) which has been submitted by Cardinal

Cardinal's Chief Operating Office, Dave Anthony stated:

"It is always important to live and work in harmony with the local community, as it provides the foundation for a successful and sustainable business for any corporate institution. Cardinal continues to benefit from the support of the local communities with on the ground face to face interaction with all Project Affected Persons. Cardinal will not only replace the community's existing facilities but will also be adding amenities that will enhance each families' well-being and economic activities."

Cardinal's Chief Executive Officer / Managing Director, Archie Koimtsidis stated:

"We are extremely appreciative of all Stakeholders and MinCom for the preparation and approval of our RAP which has been a two-year engagement process. The Company's ongoing community initiatives to improve the livelihood of the local people and its strict adherence to safety, has enabled it to relocate people near the planned mine operation to more improved residential facilities. Once again, there is clear demonstration of continued support, not only locally for the project development, but also from the Ghana Government. This approval will assist the Company in rapidly and successfully developing the Namdini Project."

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About Cardinal Resources Ltd

Cardinal Resources Ltd (ASX:CDV) (TSE:CDV) (OTCMKTS:CRDNF) is a West African gold exploration and development Company that holds interests in tenements within Ghana, West Africa.

The Company is focused on the development of the Namdini Project with a gold Ore Reserve of 5.1Moz (0.4 Moz Proved and 4.7 Moz Probable) and a soon to be completed Feasibility Study.

Exploration programmes are also underway at the Company's Bolgatanga (Northern Ghana) and Subranum (Southern Ghana) Projects.

Cardinal confirms that it is not aware of any new information or data that materially affects the information included in its announcement of the Ore Reserve of 3 April 2019. All material assumptions and technical parameters underpinning this estimate continue to apply and have not materially changed.

 


Contact

Archie Koimtsidis
CEO / MD
Cardinal Resources Limited
P: +61-8-6558-0573

Alec Rowlands
IR / Corp Dev
Cardinal Resources Limited
P: +1-647-256-1922

Andrew Rowell
Cannings Purple
E: arowell@canningspurple.com.au
P: +61-400-466-226

Peta Baldwin
Cannings Purple
E: pbaldwin@canningspurple.com.au
P: +61-455-081-008



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