With the additional licenses, Noreco has been awarded nine licenses and two operatorships in the 2006 APA. Noreco's portfolio now includes a total of 19 exploration licenses, including three discoveries.
"With the two additional awards announced today, Noreco has achieved a very significant result in the 2006 APA and we are very proud of the outcome," said Scott Kerr, Noreco's managing director. "With a total of nine awards, we have grown our exploration portfolio significantly, and we have taken another great step towards our ambitions for the company. The award is also a great inspiration and motivation for our ongoing efforts on applications for the 2007 APA."
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