The Toronto-based miner is doing fieldwork at its Andrei claim block, the Royce/Porc property and the JW and Trek porphyry copper projects in the Golden Triangle.
It now has more time to acquire land or to reach legal agreements with landowners to build a processing plant and associated infrastructure at the mine site.
The most-actively traded iron ore contract on the Dalian Commodity Exchange, for September delivery, fell as much as 1.3% to 887.5 yuan ($129.03) a tonne.