Discovery closer to acquiring mining licence

In a statement released to shareholders, the London, Australia and Botswana-listed company said it had received the nod from Government after satisfying all requirements for reducing potential hazards of the mine on the environment and the community.

"This achievement places the company one step closer to securing the mining licence from the government and keeps Discovery Metals on track for initial production in December 2011," the Managing Director, Brad Sampson, said in a statement.