Tanzania: Jacka finalises Ruhuhu PSA

Australia’s Jacka Resources has signed a production-sharing agreement (PSA) for the onshore Ruhuhu Block. The PSA for the 10,343 km2 block has an initial exploration period of four years, with a work programme including the acquisition of airborne gravity and magnetic data, the acquisition of a minimum 400km of seismic and one exploration well. Jacka was set up by former Hardman Resources executives, led by chairman Scott Spencer.