Indiana Resources will have more time to complete its due diligence studies at its projects in Mali.
Africa focused Altus Strategies has granted ASX listed Indiana Resources an extension to complete the due diligence study on the Lakanfla and Tabakorole gold projects in Mali. Lakanfla is about 6km southeast of the Sadiola gold mine in western Mali, and Tabakorole is in southern Mali.
According to a statement by Altus Strategies, Indiana requested AN extension because of the time required to process the substantial amounts of historical data which exist for the projects.
Altus and Indiana announced that they will be entering into a joint venture (JV) partnership in Mali earlier this year.