West Perth, Australia-Bonaparte Diamond Mines NL reports that it has been issued four new exclusive prospecting licenses (ECL) for marine phosphate exploration off the coast of Namibia. The new EPLs cover a collective area of 4,000 km and have been issued for three years, through July 2011. These EPLs are held by Bonaparte Tungeni Joint Venture, which currently holds the 1,000 km EPL3323 license in the company’s Moeb Project, south of Walvis Bay. Two of the new EPLs are in the Meob area, and two are farther north at the Rocky Point Project. Namibian partners Tungeni Investments cc, hold a 30 percent stake in the joint venture, while Bonaparte holds 70 percent and is the project operator. The jv also has pending applications for five more EPLs covering an additional 5,000 km.
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