Finders Resources (ASX:FND) has been formally advised that the gazetting of the new spatial plan for the Province of Maluku in Indonesia is near completion, despite recent delays.
Finders said that a letter from BAPPEDA Maluku (Department of Regional Planning and Development) had informed it that the integrated team responsible for processing of final documentation for gazettal completed the documentation in the second week of April.
The release of hard copy maps for formal signing by the Regents, Mayors and Governor of Maluku is now pending authorisation by the Minister of Forestry.
Formal gazetting of the spatial plan is the final approval required before Finders starts work on construction of the Wetar copper mine in Indonesia.
Finders has a 95 per cent stake and is the operator of the Wetar copper project.
It also has 72 per cent interest in the Ojolali old‐silver prospect Indonesia.
The Wetar development will see the brownfields expansion of an existing demonstration plant to 7,000tpa capacity followed an expansion of production to 25,000tpa.
Finders has already agreed offtake deals with Standard Bank and Tennant Metals for Wetar’s output.