Tower Resources plc announces that the Company has been successful in an application for an Exploration Licence covering Lakes Eyasi, Wembere, Natron and Manyara in the north east of Tanzania.
The award of the licence is subject to agreement of final terms and completion of a production sharing agreement.
Peter Kingston, Tower Resources’ Executive Chairman, commented:
“This award marks our first entry to Tanzania and complements our existing exploration interests in Uganda and Namibia.”