Ammended NI 43-101 Technical Report on the Biely ... - EMED Mining

EMED Mining - Biely VrchNovember 2010Figure 1Exploration and mining licence application process in Slovakia (Source: EMED)5.0 EXPLORATION LICENCE AREASEMED’s exploration programme in Slovakia is focused on a cluster of volcanic centres in the westernpart of Slovakia, where EMED is exploring for gold and associated minerals.EMED owns 100% of the exploration licences in Slovakia via its subsidiary EMED Slovakia. All thelicences were granted by the Ministry of Environment and are in good order.The exploration licences currently cover in aggregate 448.65 km 2 as shown in Table 2 and Figure 3.Access RestrictionsA granted license gives the sole right to the holder of the licence for exploration. No other individualor company can undertake exploration on that licence. The licence lists the minerals or commoditiesthat the holder has the right to explore for and any special conditions that the government may requirein order to carry out exploration.Access to property (both public and private) to do basic exploration is part of the grant of theexploration license according to the Slovak legislation. Basic exploration is access for mapping,surface geochemical and geophysical investigations; in effect, activities that have no impact on theland. Written signed permits are not required for this as the right to access is part of the provision ofgranting the license. If access by the land owner is withheld then the holder of the licence can applyto the ministry to have access enforced. EMED has never had to do this to date on any of its licencesin Slovakia.<strong>NI</strong><strong>43</strong> – <strong>101</strong> <strong>Technical</strong> <strong>Report</strong> 9 BEHRE DOLBEARLegal*5650400.1