ALMAR announces the extension of the validity of licenses for geological exploration of the Beenchime and Khatystakh license areas, the rights to which belong to the company since 2016.
The terms of licenses on the Khatystakh section have been extended until 05/31/2025, and on the Beenchime section until 11/31/2025.
Exploration work continues according to production plans. During 2023, ALMAR plans to confirm reserves and obtain the right to mine at the Beenchime site. Diamond mining and sales at this site are scheduled to begin in 2024. At the Khatystakh field, it is planned to continue exploration work on the placer and the underground part of the site with the involvement of contractors. This corresponds to the previously planned deadlines and stages of the company’s work.
In accordance with the development plan, ALMAR consistently performs exploration volumes provided for by geological projects and ensures sustainable development of subsurface areas.You can get acquainted with the documents in the section Investors/Disclosure of information.