PRECIOUS METALS

"This establishes Irving as a mining company in Japan"

Irving gains ministry approval for Omui mine plan at Omu

Staff reporter

This article is 7 years old. Images might not display.

"Not only does this give us approval to conduct bulk sampling, trenching and diamond drilling, this establishes Irving as a mining company in Japan," president and director Akiko Levinson said.

Levinson is also on the board of Western Australian conglomerate gold-focused Novo Resources. Novo chairman Dr Quinton Hennigh is a director of Irving, after the pair worked together at Gold Canyon Resources.

Following the approval from the Ministry of Economy, Trade and Industry, Irving said it must now submit its Omui mine safety regulation for acceptance.

It is working with Mitsui Mineral Development Engineering and Rodren Drilling to mobilise a diamond drill to Omu.

Irving completed the acquisition of the project in February and received approval in May for nine of the 50 further prospecting licences it has applied for near Omu.

The company also has joint venture agreements with Japan Oil, Gas and Metals National Corp (JOGMEC) for exploration programmes in Tanzania, Malawi and Madagascar.

It reported working capital of C$4.7 million (US$3.6 million) at the end of August and has since received close to $600,000 (US$457,000) through the exercise of warrants.

Shares in the company were trading around C80c a year ago and rose 11.57% yesterday to $1.35 to capitalise it at $55 million.

Expert-led Insights reports and Analytics tools built on robust data, rigorous analysis and expert commentary covering mining Risk, Projects, ESG, Leadership, and Investor Sentiment.

Expert-led Insights reports and Analytics tools built on robust data, rigorous analysis and expert commentary covering mining Risk, Projects, ESG, Leadership, and Investor Sentiment.

editions

ESG Index 2025: Benchmarking the Future of Sustainable Mining

The ESG Index provides an in-depth evaluation of the ESG performance of 60+ of the world’s largest mining companies. It assesses companies across 10 weighted indicators within 6 essential ESG pillars.

editions

Leadership Insights 2025

Leadership Insights reveals key trends in priority mining issues through interviews with 15+ top mining company executives and an industrywide survey.

editions

Mining IQ Risk Analytics

Risk Analytics offers interactive access to World Risk Insight data, allowing you to customise risk views, benchmark jurisdictions, explore data behind scores and read expert commentary to guide your decision-making.

editions

Project Pipeline Index 2025

View our 50 top mining projects, handpicked using a unique, objective selection process from an expanded database of 600+ global assets.