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Auriant Mining AB (publ.) is pleased to announce that subsoil use rights under the Tardan deposit license are restored in full

Auriant Mining AB
·4-min read

The Company in its press-releases on 20 August, 8 November and 4 December 2019 announced the results of the inspection carried out by the Russian state supervisory authority Rosprirodnadzor (“RPN”) in July - August 2019 at the Company’s subsidiary LLC «Tardan Gold» (the “subsidiary” or “Tardan Gold”). Following the inspection, the subsidiary received an order of the Russian Subsoil Use Agency (“Rosnedra”) that it shall not carry out mining activities at the Tardan deposit until the subsidiary receives an approval of Rosnedra for the technical project documentation for the Tardan deposit and all other required approvals and permits. The Company is now pleased to confirm that the approval of Rosnedra and other required approvals and permits have been received, and Rosnedra has now issued an order to remove the restriction on mining activities at the Tardan deposit with immediate effect.

As previously announced, Tardan Gold challenged some of the findings of RPN’s inspection in court. The court has found that the inspection lacked legal grounds, therefore, RPN’s findings have no legal effect. Nevertheless the subsidiary has rectified several shortcomings identified during the inspection, and the Company is pleased to note that its subsidiary is fully compliant with all applicable subsoil use and environmental laws and regulations.

The ore for the CIL plant is currently supplied from the Pravoberezhny deposit, which was not affected by the abovementioned restriction, now removed.

For more information please contact:

Danilo Lange, CEO
Tel: +7 495 109 02 82
E-mail: d.lange@auriant.com

Company name: Auriant Mining AB Short name: AUR
ISIN-code: SE0001337213

Website: www.auriant.com
www.facebook.com/AuriantMining/

Auriant Mining AB (AUR) is a Swedish junior mining company focused on gold exploration and production in Russia, primarily in Zabaikalye and the Republics of Khakassia and Tyva. The company has currently four assets, including two operating mines (Tardan and Solcocon), one early stage exploration asset and one development asset.

Since July 19, 2010, Auriant Mining´s shares are traded on Nasdaq First North Premier Growth Market under the short name AUR. For more information please visit www.auriant.com. Mangold Fondkommission is Certified Adviser to Auriant, for more information please call +46 8 503 015 50, e-mail CA@mangold.se or visit www.mangold.se.

This information is information that Auriant Mining AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 15.30 CET on November 2nd, 2020.

Cautionary Statement: Statements and assumptions made in this report with respect to Auriant Mining AB’s (“AUR”) current plans, estimates, strategies and beliefs, and other statements that are not historical facts, are forward-looking statements about the future performance of AUR. Forward-looking statements include, but are not limited to, those using words such as "may", "might", "seeks", "expects", "anticipates", "estimates", "believes", "projects", "plans", strategy", "forecast" and similar expressions. These statements reflect management's expectations and assumptions in light of currently available information. They are subject to a number of risks and uncertainties, including, but not limited to, (i) changes in the economic, regulatory and political environments in the countries where AUR operates; (ii) changes relating to the geological information available in respect of the various projects undertaken; (iii) AUR’s continued ability to secure enough financing to carry on its operations as a going concern; (iv) the success of its potential joint ventures and alliances, if any; (v) exchange rates, particularly between the Russian rouble and the U.S. dollar. In the light of the many risks and uncertainties surrounding any gold production and exploration company at an early stage of its development, the actual results could differ materially from those presented and forecast in this report. AUR assumes no unconditional obligation to immediately update any such statements and/or forecasts. This press release shall not, directly or indirectly, be released, published or distributed in or to the United States, Australia Japan, Canada, New Zealand, Hong Kong, South Africa or other country where such action as a whole or in part is subject to legal restrictions. Nothing in this press release should be considered as an offer to invest or otherwise trade in shares of Auriant Mining AB (publ). The proposed issue will not be directed at residents or those living in the United States, Australia, Japan, Canada, New Zealand, Hong Kong, South Africa or other country where such action would require further prospectus, other offering documentation, registration or other measures beyond those required by Swedish law. No securities will be registered under the United States Securities Act of 1933, a similar law in any state in the United States, or under any provincial law in Canada, nor under the applicable law of another country.

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