Arctic Mining Company” LLC which develops diamond deposits in the North of the Republic of Sakha (Yakutia) under the brand “ALMAR – Arctic diamonds”, announces the extension of the validity of licenses for geological study of the license areas Beenchimee and Khatystakh. The rights to use the subsoil of these deposits belong to the company since 2016.
In 2016-17, the projects of geological study of the Beenchimee and Khatystakh licensed areas received a positive expert opition of the Federal Agency for Subsoil Use (Rosnedra).
In 2019, ALMAR placer diamond deposits received an independent expert report by SRK Exploration Services Ltd (SRK ES) in accordance with the universal standard NI 43-101, which includes the JORC, PERC, SAMREC Codes, SEC 7 Industry Guidelines and other generally recognized standards for determining exploration conditions, mineral resources and mineral reserves. The choice of SRK ES was due to the high professionalism and reputation of the company.