Chairman’s Statement
The main focus of the Company has been and continues to be the Kun-Manie nickel copper sulphide project (“Kun-Manie” or “the Project”) in the far east of Russia. Despite the disruptive outbreak of Covid-19, work on the Permanent Conditions TEO (“TEO”) has continued throughout the year to date. The TEO is an independently compiled Russian feasibility study which enables the Company to proceed to the next stage of development at Kun-Manie. Work on the TEO commenced in 2019, and as a summary of the areas completed so far.