Boron One Holdings Inc. announced that it has received a “Certificate of Reserves” for the Company’s wholly owned Piskanja Boron Project, from the Serbian Mining Ministry. The issuance of the Certificate of Reserves is a requisite step in the mineral exploitation licensing process, and is the result of the approval of the Company’s Geological Elaborate.
Having now received the Certificate of Reserves, the Company is preparing to submit its recently completed Serbian-compliant Feasibility Study and other ancillary documentation to the Mining Ministry, in order to receive an “Approval for the Exploitation Field”, as the next step in the licensing process.
Tim Daniels, President of Boron One added, “We are excited and proud to have received the Certificate of Reserves, as it is one of the key milestones towards developing Piskanja into a going concern mine. Importantly, as the process for the Approval for the Exploitation Field is much more streamlined, we are expecting a considerably shorter vetting timeline than what we experienced for the Certificate of Reserves”.
Source: Junior Mining Network