Invictus Energy (ASX:IVZ) 80% owned subsidiary, Geo Associates, received notification that Zimbabwe's Minister of Mines and Mining Development extended the tenure of special grant 4571 license for a further three years, according to a Monday filing with the Australian bourse.
The license, extended to Dec. 19, 2027, contains the Mukuyu discovery in the Cabora Bassa Basin, the filing said.
The company plans to conduct a comprehensive work program in the area during the third three-year license period, per the filing.
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