Amur Minerals (LON:AMC) has paid the final US$445,00 fee required for its mining permit at Kun-Manie in Far East Russia.
The licence runs until 1 July 2035 and can be extended if additional mineralisation is discovered and warrants mining.
Robin Young, Amur’s chief executive, said: "It is with pleasure I report that our wholly owned subsidiary ZAO Kun-Manie has transferred the necessary funds for the one-time payment completing acquisition of the production licence rights for 100% of the metal at Kun-Manie.
“We are moving on to the next phase of evaluating Kun-Manie by infill drilling and initiation of the metallurgical test work."