The company has received an integrated water use license which will aid in conducting all stage 1 activities at mine and utilization of the borefield.
Resource Generation said the Department of Mineral Resources has advised that the appeal against the mining right at the project has been dismissed and finalized.
Resource Generation managing director Paul Jury said the water license paves way for mine construction and commencement of stage 1 production to proceed.
"Along with this major licence, removal of the mining right appeal establishes a clear path to securing funds for project construction," said Jury.
”It is pleasing that the Boikarabelo project has now received support from all major regulatory bodies, signifying the benefit that this major project brings to the Limpopo region of South Africa."
"Completion of a rail haulage contract with Transnet is the remaining major hurdle to enable Resource Generation to finalise funding for project development.
The company said it will work with the Department of Water Affairs to secure the licences to develop the Marapong Boikarabelo Effluent Treatment (MBET) scheme and the Boikarabelo mine power station.
Resource Generation had earlier signed an agreement with the Lephalale Local Municipality for the MBET scheme, which will secure water for the stage 2 of planned production.
