The project comprises two former molybdenum-tungsten mines, Daehwa and Donsan, covering three mining rights over tenements 76166, 77226 and 77227. The tenements are granted mining tenure of up to until 2027-2028 subject to conditions including grant of mining permission within a specified time period of the original grant of a mining right.
Desert Mines and Metals managing director Chris Rashleigh said that securing the approval marks a significant step for the company to expand its continuing efforts to develop a viable and long-lasting molybdenum-tungsten business in Korea.
"The support shown by the Chungbuk Provincial Government and other government agencies in approving our application is very much appreciated and we look forward to mutual, long-lasting and productive relationships," added Rashleigh.
"Our plans over the next 6-9 months will be to gain safe access to the old workings and commence preparations for detailed mapping, channel sampling, drill platform preparation for underground exploration and bulk sampling of the various lode structures."
"Meanwhile the core logging and assaying of the recently completed KORES sponsored surface drill programme will continue to provide guidance for our on-going exploration."
