"There is no doubt that 2020 was a challenging year due to the disruption triggered by the global health pandemic. Despite the difficulties, the Company worked hard throughout to progress the application for the Exploitation Licence for Block XX through a complex and lengthy process. We appreciate the patience that many of our shareholders have shown as we continue to work with the Mongolian Government to secure the requisite approvals. The formal application for award of the licence has now been submitted to the Ministry and we are working with the relevant departments as they process the necessary documentation."
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