Lykos Metals (ASX:LYK) has hit back at alleged comments on social media claiming the majority of members of the Municipal Assembly of Jezero voted against the approval of its Sinjakovo Project exploration licence in Bosnia and Herzegovina.
Lykos says these claims are incorrect and that the majority of voting members at the meeting held last week were in favour of granting Lykos exploration approval, but the meeting did not have the necessary quorum of voting members present.
The Municipal Assembly of Jezero comprises 13 members. At the meeting, 8 were in attendance and voted, 5 of whom were in favour of the ongoing exploration approval and 3 of whom voted against.
Lykos is continuing to work with the Municipality of Jezero to affirm the approval of its exploration rights at Sinjakovo. The company says it met this week with representatives from the Mining Ministry of the Government of the Republic of Srpska, who confirmed their continued support of Lykos’ efforts to affirm its exploration rights.
Another meeting is anticipated to be held in the coming weeks, where the full complement of members will be required to vote on the resolution to grant Lykos exploration approval at Sinjakovo.
Lykos Metals is a Perth-based precious and base metal exploration company with projects in the underexplored Tethyan metallogenic belt in Bosnia and Herzegovina. The company’s portfolio of assets is ‘highly prospective’ for battery and precious metals.
Write to Aaliyah Rogan at Mining.com.au
Images: Lykos Metals Ltd