Invictus Energy (ASX:IVZ), through its Geo Associates subsidiary, secured a renewal of its 80%-owned exclusive prospecting orders 1848 and 1849 licenses in Zimbabwe for a further three years, according to a Monday filing with the Australian bourse.
The company plans to conduct a comprehensive work program for the second three-year exploration period, the filing said.
Shares fell 3% in midday trade on Monday.
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