MetalsTech receives underground mining licence extension for Slovakia mine

Extension of the Permit represents a significant de-risking to the permitting pathway at Sturec, which continues to advance as a high-value underground-only mining operation. The Permit is valid for a further 10-year period from 2024 – 2034 (inclusive) and allows MTC to extract gold and silver ores utilising underground mining techniques.

The Company will also continue with its program of bulk-scale metallurgical and mineralogical test work.

As well as a strengthening gold price, there has been a strong uptick in global interest in the Western Tethys Gold Belt in Europe which hosts similar deposits and mines owned and operated by Dundee Precious Metals, Zijin Mining and Eldorado Gold.

Granting of the Permit is a significant de-risk to mine development and testament to the work and relationship building that in-country MTC staff have conducted, working alongside key local community stakeholders at Sturec. The Company’s strategic process being undertaken by Minmetals Securities Co., Ltd continues to progress with strong interest received from European and North American counterparties, with further site visits planned.

Read the article online at: https://www.globalminingreview.com/mining/26042024/metalstech-receives-underground-mining-licence-extension-for-slovakia-mine/