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Share Name Share Symbol Market Type Share ISIN Share Description
Georgian Min. LSE:GEO London Ordinary Share VGG9688A1003 ORD NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.30p -5.04% 5.65p 5.50p 5.80p 5.80p 5.65p 5.80p 465,810 13:07:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -2.4 -2.2 - 6.47

Georgian Mining Corporation Exploration Permit Update

11/01/2019 7:00am

UK Regulatory (RNS & others)


Georgian Min. (LSE:GEO)
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1 Month : From Dec 2018 to Jan 2019

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TIDMGEO

RNS Number : 8140M

Georgian Mining Corporation

11 January 2019

Georgian Mining Corporation / EPIC: GEO / Sector: Natural Resources

11(th) January 2019

Georgian Mining Corporation

('GEO' or the 'Company')

Exploration Permit Update

Georgian Mining Corporation, the AIM listed copper-gold exploration and development company, is pleased to announce that the Georgian Government Resolution on the Company's pending exploration permit was included in a cabinet meeting at the end of December 2018, immediately before the Government went to recess for the festive season.

Mike Struthers, Chief Executive Officer said:

"We're pleased the Resolution on the exploration permit was finally addressed at a Government session. During the meeting there were minor points for clarification raised with the Mining Agency, which were satisfactorily addressed and we are now awaiting the final approval. It is our understanding that all of the Ministries have responded positively and there continues to be strong support for the application.

We look forward to updating the market when we have further news."

**ENDS**

For further information please visit www.georgianmining.com or contact:

 
 Mike Struthers     Georgian Mining Corporation   Company          Tel: 020 7907 9327 
 Ewan Leggat        S. P. Angel Corporate         Nomad & Broker   Tel: 020 3470 
                     Finance LLP                                    0470 
 Soltan Tagiev      S. P. Angel Corporate         Nomad & Broker   Tel: 020 3470 
                     Finance LLP                                    0470 
 Damon Heath        Shard Capital Partners        Joint Broker     Tel: 020 7186 
                     LLP                                            9950 
 Camilla Horsfall   Blytheweigh                   PR               Tel: 020 7138 
                                                                    3224 
 Julia Tilley       Blytheweigh                   PR               Tel: 020 7138 
                                                                    3553 
 Fergus Cowan       Blytheweigh                   PR               Tel: 020 7138 
                                                                    3208 
 

About Georgian Mining Corporation

Georgian Mining Corporation has 50% ownership of the Bolnisi Copper and Gold Project in Georgia, situated on the prolific Tethyan Belt, a well-known geological region and host to many high-grade copper-gold deposits and producing mines. The Bolnisi concession covers an area of over 860 sq km and has a 30-year mining licence with a variety of targets and projects ranging from greenfield exploration / target definition phase through intermediate target-testing phases to more advanced projects including Kvemo Bolnisi East which will advance to Feasibility Study in the next phase. These projects are proximal to existing mining operations owned by the Company's joint venture partner, and their sister production company. Georgia has an established mining code and is a jurisdiction open to foreign direct investment.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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January 11, 2019 02:00 ET (07:00 GMT)

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