The renewal of the Environmental Management Plan concludes the permitting requirements and enables Invictus to undertake activities in the field, including seismic acquisition and exploration drilling.

The Zimbabwe Environmental Management Agency renewed the EIA through to July 2023 and has granted Geo Associates – the company’s 80%-owned subsidiary, permission to operate in accordance with part XI of the Environmental Management Act.

Invictus (ASX:IVZ) says the EIA assessment included field surveys and baseline measurements of hydrology, ecology, environmental, archaeological, hydrogeological, soil surveys and socioeconomic and community consultations of the key project stakeholders, local leaders, relevant government ministries and government extension offices.

The community information sessions were well attended with up to 1,000 participants at some meetings and the local communities in the Muzarabani and Mbire Districts and Mashonaland Central Province have expressed their full support for the project.

‘One of the most comprehensive surveys undertaken’

IVZ managing director Scott Macmillan says the EIA survey conducted by SIRDC has been one of the most comprehensive surveys undertaken for an exploration project in the country.

“The company is also grateful for the reception and support we have received from the local community for the project to date and for the imminent drilling program.

“We are pleased to have our CSR program recognised for the impact it is having in local communities and success at our upcoming Mukuyu-1 well will enable us to expand our program further.”

CSR program delivering benefits

The CSR program in place for Invictus Energy has focused on the provision of water to communities and clinics around the Muzarabani and Mbire Districts.

Water, besides being the most sought-after community request, is a key enabler to other CSR initiatives the company wishes to initiate in the future and is key to life in remote communities.

Programs completed include drilling of water boreholes, installation of solar panels and pumps and above ground storage tanks to provide year-round and continuous access to water for clinics and communities in the Mbire and Muzarabani districts.

Invictus has been recognised for the impact of its CSR program and announced as the winner of the Responsible Investment & Social Impact Award 2022 for Mashonaland Central Province by the CSR Network Zimbabwe.

 

 

This article was developed in collaboration with Invictus Energy, a Stockhead advertiser at the time of publishing.

 

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.