3 Aug 2018 12:20
3 August 2018
Kemin Resources plc
('Kemin' or the 'Company')
Confirmation of Licence Extension
Kemin (AIM: KEM), a molybdenum and tungsten exploration and development company with substantial interests in Kazakhstan, is pleased to announce that it has received confirmation today from the Kazakh Committee of Geology and Subsoil Use that it has registered the extension to the Company's Drozhilovskoye licence (Licence No. 1606) in Kazakhstan. This follows the recent signing of the extension to the licence between the Kazakh Ministry of Investments and Developments and JV KRMC LLP, the Company's 90 per cent. owned subsidiary. The licence has been extended until 27 June 2021.
As previously announced, the extension to the Company's Smirnovskoye licence (Licence No. 1605) to September 2019, and approval of the associated work programmes, was agreed with the Kazakh authorities in H1 2017.
For further information please visit www.keminresources.com or contact:
Kemin Resources plc:
Rajinder Basra (Chief Financial Officer) +44 (0) 207 932 2456
Strand Hanson Limited (Nominated & Financial Adviser and Broker):
James Spinney / Ritchie Balmer / Eric Allan +44 (0) 207 409 3494
This announcement contains inside information as defined in Article 7 of the Market Abuse Regulation No 596/2014.