Southsea Gold Sdn Bhd subleased 317.7 ha of the 948 ha land given by Sabah Lands and Surveys Department (SLSD) to its shareholder, Wullersdorf Resources Sdn Bhd, a wholly-owned subsidiary of Bahvest.
The sublease’s renewable 33 years tenure commenced from 1 October 2015. SLSD has given its approval for the sublease and registered it on the Country Lease on 13 November 2015.
Bahvest’s undergoing survey within the Mineral Resource area of 28 ha has currently produced a 6.5 tons of gold. / With mining operations only just begun, 6.5 tons of gold has been uncovered within the 28 ha Mineral Resource area.