Ormonde expects final approval

Ormonde Mining is now expected to gain final formal approval for its potentially transformational Spanish-based tungsten project in the next few weeks.

On the back of its interim results presentation — covering the first six months of 2014 — the Meath-based mineral exploration firm yesterday said it has received all environmental approvals in relation to its Barruecopardo project near the city of Salamanca and is awaiting the final mining concession, which is expected imminently.

Yesterday’s first-half results showed an operating loss of €1.11m, up from €943,000 for the corresponding period last year.