For those who don't know, KCN has millions of ounces of gold...

For those who don't know, KCN has millions of ounces of gold reserves and is an unhedged gold producer with a tight share capital.

The KCN quarterly indicates huge progress has been made with teh granting of the Chatree North mining permits.

"Mining Leases

The Chatree North Mining Leases approval process has progressed well. Importantly, all forestry permits required inside Chatree North have been approved at ministerial level for the use of their lands for mining purposes. The approval process is now with the lease issuing body, the DPIM, followed by final ministerial signoff."

And further down in the quarterly KCN stated that the DPIM has "commented that they will be supportive of fast tracking the final issuing of the mining lease applications with the Forestry approvals in place."

"Discussions with the Ministry of Industry, the relevant ministerial approval body for the Chatree North Mine Leases, have been productive and strong progress has been made on processing the mining lease applications.

CHATREE NORTH MINING LEASES

All of the necessary Provincial approvals have been forwarded to relevant departments in Bangkok for final approval.

Importantly, Ministerial approval has been given for all necessary Forestry permits to allow mining in Forestry areas at Chatree North. With this approval, the Department of Primary Industries and Mines (DPIM) can complete the mining lease permitting process prior to the final granting by the Minister of Industry.

The DPIM has commented that they will be supportive of fast tracking the final issuing of the mining lease applications with the Forestry approvals in place."