Slater acquired a three-year option in April 2012 to own 100% stake in the project.
The options is subjected to the approval by the Ministry of Industry and New Technologies of the Republic of Kazakhstan which is expected to be obtained by the end of 2012.
The Exploration contract for the mine received a two-year extension in May 2012.
Slater Mining is developing the 320 square kilometer West Khazret project. It has so far drilled 13 holes.
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