RE: What is the need?18 Aug 2020 12:48
Actually I hadn't really realised the significance of that paragraph : "Following consultation with the State Reserves Committee experts and consultants, it was agreed that mining data generated from several seasons of mining operations, combined with the Company's in-house resource database, are sufficient to warrant approval of the DFS encompassing all resources to the mineable category within all the sites of the production license. This removes a significant annual permitting hurdle and is also a cost and time saving development, as no further drilling is required to approve shovel-ready resources on an annual and site-specific basis.".
So suddenly the authorities have just agreed we can call our resources 'mineable' and opposed I suppose to 'exploration'. I knew Russian categorisations are less rigorous than JORC, but that did seem particularly easy !