- Highland Gold Mining said subsidiary AO Mnogovershinnoye had received an exploration licence for the Krasnaya Gorka deposit.

The deposit was a greenfield site, located in the Nikolaevsk district of Russia's Khabarovsk region.

The licence was issued for a period of seven years by the Far Eastern District Department for Subsoil Use.

At 2:08pm: [LON:HGM] Highland Gold Mining LD share price was -9.75p at 161.75p

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