Seligdar and Rosgeologiya, with the participation of NAPI, established a joint venture to conduct exploration for ore gold in the Aldan district of the Republic of Sakha. Under the agreement, Seligdar receives 65% of the enterprise and a call option to buy the remaining 35% after receiving a positive state expert opinion. The Company will carry out operational management of the JV and will also finance the geological exploration work to the extent necessary to estimate the reserves.