MTC metalstech limited

Ann: JORC 2012 Mineral Resource Estimate for Sturec Gold Mine, page-18

  1. 4,643 Posts.
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    I suggest you all read the JORC Table 1 for gems such as;
    Although Ortac SK is officially registered as the holder of the Kremnica Mining Territory, the validity of the allocation
    of the Kremnica Mining Territory has been repeatedly disputed. Arguments challenging the validity of the allocation
    of the Kremnica Mining Territory have been raised by third parties in licensing proceedings in respect of particular
    mining activities within the Kremnica Mining Territory. So far, the merits of such arguments have not been assessed
    by the court, as the respective court decisions were issued on procedural grounds in the past. Despite the existence
    of reasonable legal arguments defending the validity of the allocation of the Kremnica Mining Territory, it cannot
    be ruled out that the challenges to its validity will eventually prevail before the court. Even if the validity of the
    allocation of the Kremnica Mining Territory is successfully defended in principle, there is a risk that Ortac SK’s
    entitlement to the Kremnica Mining Territory could be held to be limited to underground operations only.
 
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