Brief: Polymetal International - Increased Stake In The Baksy Property In Kazakhstan To 75%

Polymetal International PK

10/07/2023 11:38

July 10 (Reuters) - Polymetal International PLC
 POLYP.L :
    * POLYMETAL SAYS HAS INCREASED ITS INTEREST IN BAKSY
PROPERTY TO
75% BY EXERCISING ITS OPTION TO BUY OUT ONE OF PROJECT'S
SHAREHOLDERS
    * POLYMETAL SAYS HAS EXERCISED ITS OPTION TO INCREASE ITS
EFFECTIVE INTEREST IN BAKSY PROJECT FROM 7.5% TO 75%.
STATE-OWNED JSC KAZGEOLOGY OWNS REMAINING 25%
    * POLYMETAL SAYS WE PLAN TO CONTINUE ACTIVE EXPLORATION AND
EXPECT
JORC-COMPLIANT ORE RESERVE ESTIMATE AND POSITIVE PRODUCTION
DECISION IN 2024

Source text for Eikon:  ID:nEQb0mzFna 
Further company coverage:  POLYP.L 

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