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Investegate announcements from Argos Resources Ltd, PL001 Licence Extension

AIM-listed Argos Resources has announced that the Falkland Islands Government has extended the second term of the Company's PL001 Licence from 1 May 2022 to 31 December 2022, with no additional work commitments.

”Argos applied for this extension in respect of PL001, and a 12 month extension was recently granted,” said Stephen Luxton, Director of Mineral Resources FIG Argos Resources has successfully secured a 12-month extension to the second term of its Production Licence in the North Falkland Basin, the company announced this week. The extension, which runs until 1 May 2022, was approved by the Falkland Islands Government’s Executive Council on March 24. Ian Thompson, Chairman of Argos, said, “We are very pleased that the Falkland Islands Government has awarded a licenc...

Argos Resources raises USD550,000 to extend Falkland Islands licence Wed, 7th Apr 2021 12:36 (Alliance News) - Argos Resources Ltd has raised USD550,000 as part of its bid to extend a licence in the Falkland Islands, it announced on Wednesday. The money was raised through the subscription to 14.4 million new shares at a price equivalent to 2.75 pence each by new shareholders and Executive Chair Ian Thomson. The drilling and production licence, PL001, covers an area of 1,126 square kilometres in the North Falkland Basin. Argos Resources said it remained engaged in discussions with counterpart...