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European Metals Holdings said Czech authorities had granted an extension to the exploration licence for its Cinovec prospect, though it only covered preliminary mining permits.
The permits conveyed the sole and exclusive rights upon the company to apply for a final mining permit, however did not allow for further drilling.
The exploration license was due to expire in July and had been extended until 31 December 2020.
At 2:38pm: (LON:EMH) European Metals Holdings share price was 0p at 20p