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GEO update on talks with GCG partner

Friday, 29th December 2017
Georgian Mining Corporation is in the final stages of negotiation with Caucasian Mining Group, its 50% partner in Georgian Copper & Gold JSC, over the 2018 exploration and development programme within the 860 sq km licence on the Tethyan Belt in Georgia.

It said the negotiations had been expanded over the past weeks to include a comprehensive business plan, work programmes, the strengthening of the board of GCG as well as the framework agreement to develop and exploit the gold oxide production target at Kvemo Bolnisi East.

It expected final agreements to be completed in early 2018 and a detailed announcement will follow.

At 8:57am: (LON:GEO) Georgian Mining Corporation Ord Npv Di share price was +0.75p at 15.63p

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