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25/06/2024
Mining News

MetalsTech’s Sturec gold mine in Slovakia receives 10-year permit extension, signaling long-term growth

It sounds like MetalsTech (MTC) has some exciting developments with its Sturec gold mine in Slovakia. The ten-year extension of its underground mining permit is certainly a significant win, providing a clear path for continued extraction of gold and silver. This extension not only ensures operational longevity but also enhances potential profitability for MTC.

Their dedication to conducting bulk-scale metallurgical and mineralogical test work demonstrates a commitment to optimizing extraction and processing techniques, which is essential for maximizing the value of the ore deposits. By advancing their technical capabilities, MTC is positioning itself strategically within the mining industry, particularly within the Western Tethys Gold Belt, where the Sturec Gold Mine resides.

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The surge in global interest in this region, along with the involvement of industry giants like Dundee Precious Metals, Zijin Mining and Eldorado Gold, suggests promising investment and development opportunities for MTC and its peers.

Moreover, the extension of the mining permit de-risks the permitting pathway, providing a more stable environment for investors and facilitating smoother operational planning. The involvement of Minmetals Securities in the strategic process and the interest from European and North American entities further solidify MTC’s position for growth and development.

Negotiations with Trans Metal Fund are also set to progress positively with the newly awarded extension, indicating a promising future for MTC and its endeavors in the Sturec Gold Mine.

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