Apollo Minerals Update on Couflens Exploration
Key points
- Court order rejecting application by non-government organizations
- Interim suspension of letter from France's Directorate General for Energy and Climate declared void
- Apollo Minerals can continue exploration activities at Couflens
- Group has 15 days to appeal the Order
Full summary
Apollo Minerals Limited (ASX: AON) announced that the Administrative Court of Toulouse has rejected an application brought by a group of non-government organizations, allowing the Company to continue its exploration activities at Couflens, a tungsten deposit crucial for France's supply chains. The court also declared void an interim suspension imposed by France's Directorate General for Energy and Climate. The group has 15 days to appeal the court's decision.
Guidance
No specific financial guidance provided in the announcement.
Outlook
The Company remains focused on advancing its exploration activities at Couflens.
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