The Canadian miner believes Menankoto is legally entitled to a permit renewal and is engaged in ongoing discussions with the government to clarify the situation.
Company has released assay results for three holes completed at its project in Nova Scotia that hit gold mineralization below and along strike of the existing inferred resource.
Nornickel said last week that the spin-off of the Bystrinsky mine near the Russia-China border would happen within two years subject to regulatory and other approvals.