Boron Property License Extension news release Erin Ventures Receives Boron Property License Extension
May 6, 2021
Erin Ventures Inc. [TSXV: EV] is pleased to report that it has received a license extension for its Piskanja Boron Project, in accordance with the Serbian Law on Mining and Geological Exploration. The license renewal grants Erin until September 25, 2023 to complete the necessary studies and gain approval for the “Certification of Reserves” and the “Approval of the Exploitation Field”, as the first two (of three) steps in the mineral exploitation and mine licensing approval process, as per Erin’s request.
The “Certification of Reserves” process consists primarily of the submission and approval of a Serbian compliant Mineral Resource Calculation and Technical Economic Assessment, which approximates to a CIM compliant Preliminary Economic Assessment (PEA) in scope and degree of confidence. The “Approval of the Exploitation Field” consists primarily of the submission and approval of a Serbian compliant Feasibility Study and Environmental Impact Assessment, and approximates to a CIM compliant pre-feasibility study.