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Mining Capital

VSA Capital Market Movers - Egdon Resources Plc

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Egdon Resources (LON:EDR)

Egdon Resources (EDR) has announced the issue by the Environment Agency of the variation to the Mining Waste Permit for the planned Wressle field development and associated operations.

The issue of this permit is a key regulatory approval in the proposed Wressle development and provides support to the new Planning Application as submitted on 28 April 2017. This application included additional information to specifically address the concerns raised by the local council on the first refusal of Wressle. We remain confident that this new application will be accepted.

We now await further news from the company on the updated timing of the development. We maintain our BUY recommendation and 34p TP.


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