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Altyn Plc (ALTN)

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Monday 18 May, 2020

Altyn Plc

Altyn Plc: Extension to subsoil mining contract at Sekisovskoye

Altyn Plc: Extension to subsoil mining contract at Sekisovskoye

Altyn Plc

 

18 May 2020

Altyn Plc

("Altyn" or the "Company")

Extension to subsoil mining contract at Sekisovskoye

The Company has achieved an important milestone in the extension of its mining contract at Sekisovskoye to 2030.

Altyn is pleased to announce that the State Ecological Expertise Agency of Eastern Kazakhstan’s region has approved the plan of mining operations and environmental impact assessment (OVOS) of the Sekisovskoye deposit.

Specifically, these new permissions regarding environmental emissions and environmental protection measures were granted to Altyn PLC's subsidiary Baurgold LLP for 2020-2029.

Following this approval Altyn anticipates a successful review over the coming months of addendum #8 of the subsoil contract #555 for the Sekisovskoye deposit with the Ministry of Investment and Infrastructural Development of Kazakhstan for the extension of its contract until 2030.

The Company will update shareholders upon the finalisation of the renewal.

Further Information:

For further information please contact:

Altyn Plc
Rajinder Basra
+44 (0) 207 932 2455

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014.

Information on the Company

Altyn Plc (LSE:ALTN) is an exploration and development company, which is listed on the standard segment of the London Stock Exchange.

To read more about Altyn Plc please visit our website www.altyn.uk


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