Tigers Realm Coal Ltd. secured the exploration and mining license for the Zvonkoye coal deposit, which is located next to and forms an eastern extension of the Fandyushinksoye mining license in Russia.
Tigers Realm Coal is developing a large-scale coking coal basin that covers two areas — Amaam and Amaam North.
The Zvonkoye license has a 20-year tenure, ending in 2038. The license allows an initial period of further drilling, enabling the company to develop a mining and excavation plan outlining the expected mining approach and volumes, a process expected to take maximum of three years.
The Zvonkoye license approval is a further strategic milestone in achieving Tigers Realm's previously stated strategic objective to move from phase one development to phase two at the Amaam North deposit, the company said Oct. 19.