July 28 (Reuters) - Dragon Mining Ltd DRA.AX :
* Update on acquisition of faboliden gold project DRA.AX
* Says Dragon Mining and the bankruptcy estate have agreed to amend the agreement
* "Condition in agreement relating to extension of the existing environmental permit for a period of at least four years is waived"
* The parties have agreed to vary the timing for achievement of final condition from two years to one year
* Says company will also compile an application for a permit to undertake a program of test mining at fäboliden
* Says it is co's intention to immediately commence work on an application for a new environmental permit for a mining operation at fäboliden
* Source text for Eikon ID:nASXbVcjBh