Gulf Industrials Limited
(ASX:GLF) have announced it has received the mining permits for the Soalara Limestone Project in the south-west of Madagascar.
The company says that contained within the two tenements is a large high quality limestone deposit directly adjacent to the sea, providing easy access for export.
Preliminary indications suggest the chemical composition of the limestone is suitable to be used in the cement, mineral processing and fertilizer industries.
The company says it is also exploring opportunities in Ghana.
Gulf Industrials reported a net loss of $158 thousand at 30 June 2015.
