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- Invictus Energy (IVZ) receives environmental impact assessment (EIA) renewal approval for its 80 per cent owned Cabora Bassa project in Zimbabwe
- The renewal was issued from the Zimbabwe Environmental Management Agency (EMA) and is valid until July 2023, giving permission to the company to operate
- Further, the renewal concludes the permitting requirements and enables the company to undertake activities in the field including seismic acquisition and exploration drilling
- The company says the local communities have expressed their full support for the project
- Shares in Invictus Energy are up 3.75 per cent, trading at 20.8 cents as of 11:49 am AEST
Invictus Energy (IVZ) has received environmental impact assessment (EIA) renewal approval from the Zimbabwe Environmental Management Agency (EMA) for the Cabora Bassa project in Zimbabwe.
The renewal will be valid until July 2023 and gives permission to the company, which owns 80 per cent of the project to operate in accordance with Part XI of the Environmental Management Act, to operate.
Further, the renewal concludes the permitting requirements and enables the company to undertake activities in the field including seismic acquisition and exploration drilling.
The local communities in the Muzarabani and Mbire districts and Mashonaland Central
Province have expressed their full support for the project, said the company.
Managing Director Scott Macmillan commented that the company is pleased to receive the renewal.
“The EIA survey conducted by SIRDC has been one of the most comprehensive surveys undertaken for an exploration project in the country and we thank them for their thorough and professional work.
“The company is also grateful for the reception and support we have received from the local community for the project to date and for the imminent drilling program.”
The company’s Community Social Responsibility (CSR) program was developed following extensive submissions received from the EIA process and feedback to our community liaison officers (CLOs) from ongoing consultations with the local community during the recently completed CB21 seismic survey program.
The program focused on the provision of water to communities and clinics around the Muzarabani and Mbire districts which include drilling of water boreholes and installation of solar panels and pumps.
Shares in Invictus Energy were up 3.75 per cent, trading at 20.8 cents as of 11:49 am AEST.
