Pre-Feasibility Study - Permitting

A summary of the current permitting status at Veovaca is contained in Table 17 below.

Rupice Permitting

The Company submitted applications for obtaining Preliminary Water Permit and Environmental Permit for the Rupice underground mine and its required infrastructure on 9 and 10 April 2020, respectively. The water permit is currently progressing through the cantonal approvals process and the necessary Public Hearing for the Environmental Permit successfully took place on 31 August 2020 in open-air COVID-19 secure conditions. On receipt of the Environmental Permit, the Urban Planning Permit will be immediately submitted for approval. After which the Exploitation Permit will be applied for in 2021.