Regulatory Information

Environmental Regulation and Performance

South Korea

In South Korea exploration and mining activity is principally regulated at the national level by the Ministry of Trade, Industry and Energy (MOTIE) which in turn manages mining and exploration affairs through the Mine Registration Office and the Mine Safety Office.

Environmental issues are regulated through either the Framework Act on Environmental Policy or the Environmental Impact Assessment Act.

Iondrive’s wholly owned subsidiary in South Korea, Korea Metal Resources, carries out exploration activities and there have been no known environmental breaches attributed to these exploration activities to date.

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Competent Person’s Statements

South Korea – Exploration Results

The information on this website and in attached reports that relates to Exploration Results in South Korea has been compiled under the supervision of Mr Robert Smillie. Mr Smillie, who is an employee of Iondrive, a Member of The Australasian Institute of Mining and Metallurgy and the Australian Institute of Geoscientists, has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity he has undertaken to qualify as a Competent Person as defined in the 2012 Edition of the Australasian Code for the Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Smillie consents to the inclusion in this report of the matters based on the information in the form and context in which it appears.