Arc Minerals Regulatory News (ARCM)

Ortac Resources Ltd / Epic: OTC / Market: AIM / Sector: Mining & Exploration

22 June 2017

ORTAC RESOURCES LTD 

("ORTAC" OR THE "COMPANY")

Mining Bureau Ratifies Underground Mining Permit

Ortac Resources Ltd ("Ortac"), the AIM listed exploration and mine development company operating in Europe and Africa, is pleased to report that its subsidiary in Slovakia, Ortac s.r.o. the developer of the Sturec Gold Project, has received the final decision from the Main Mining Bureau, that confirms that the underground mining permit will be re-issued.

Vassilios Carellas, Ortac's CEO, commented:

"Following on from previous announcements, the Company was required to allow a period of time for the decision to re-issue the underground mining permit to be considered by all stakeholders. This final decision by the Main Mining Bureau now means underground activities can shortly re-commence at Sturec when the decision comes into force."

Market Abuse Regulation ("MAR") Disclosure

Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.

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About Ortac

Ortac Resources Limited is an AIM listed exploration and mine development company focused on a diversified portfolio of mining projects with interests in Slovakia, Eritrea, the Democratic Republic of Congo and Zambia. 

In addition to its 100% holding in the Kremnica Mining Licence Area in Slovakia, Ortac also holds an 18.48% interest in Andiamo Exploration Limited, a private company exploring for resources in Eritrea; a convertible in Zamsort Limited, a private company located in Zambia, which is convertible into a 19.35% interest; and a convertible in CASA Mining Ltd, a private gold mine development company advancing the large-scale Misisi Gold Project in the Democratic Republic of the Congo, which is convertible into a 45% interest.

For more information visit www.ortacresources.com