RE:RE:lease renewalAdding to Bjorn's statement re: mining lease, this is from the K92 website, and contained in the July 2021 Investor Presentation, pg-39:
* Three Key Mining Licenses: (the K92 mine is (ML)
* Exploration Lease (EL) –Initial term of up to 2 years, renewal in increments up to 2 years
• Special Mining Lease (SML) –Large Mines –Up to 40 years before renewal, requires Mining Development Contract negotiated with the State and approved by the National Executive Council (NEC). Each renewal for up to 20yrs.
• Mining Lease (ML) –Initial term of up to 20 years, for up to 60 km2, each renewal up to 10 years. Fiscal agreement already established via the Mining and Income Tax Act.
• Renewal of the ML is much simpler vs the SML given that it does not have to go to the NEC for deliberation