Western Australia-headquartered Titanium Sands has announced that it is proceeding with the formal mining licence application process for its Mannar Island project, in Sri Lanka.
The company says final exploration resource work over its five main licences all exceed the Geological Survey and Mines Bureau (GSMB) minimum exploration requirements and confirm a significant heavy mineral sands project.
Titanium Sands will update and release an updated resource statement in the coming weeks, which will provide the basis for a more advanced scoping study analysis.
A further stage of the mining licence application process will be the start of the environmental impact assessment report, which will address environmental and community processes relating to the project.
“TSL [Titanium Sands] will work closely with the government of Sri Lanka and all other relevant parties to ensure this significant project is developed in a timely manner to assist the country’s economic recovery,” said MD James Searle.