- Trans-Siberian Gold said Russian authorities had issued a licence to subsidiary ZAO Trevozhnoye Zarevo for the development and exploration of the Rodnikova deposit for a tenure of 20 years.

The prospect, located in close proximity to the company's operating Asacha mine, was one of the largest gold fields in South Kamchatka, the company said.

Trans-Siberian Gold said it was currently devising an exploration field work programme to assess the full potential of the Rodnikova deposit and options to potentially initiate early-stage production.

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