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<title>Proactiveinvestors United Kingdom Chaarat Gold</title>
<link>http://www.proactiveinvestors.co.uk</link>
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<pubDate>Mon, 21 May 2012 10:34:46 +0100</pubDate>
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<title><![CDATA[Media files - Chaarat Gold CEO looks to a long term stabilisation plan agreed with the govt ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/stocktube/1163/chaarat-gold-ceo-looks-to-a-long-term-stabilisation-plan-agreed-with-the-govt-1163.html</link>
<description><![CDATA[Dekel Golan, CEO at Chaarat Gold (<a href="/companies/overview/322/chaarat-gold-0322.html" class="companyPopupTrigger" rel="322">LON:CGH</a>), talks to Proactiveinvestors about the negotiations that the company is having with the Kyrgyz Republic. Dekel says that he expects a long term stabilisation plan being agreed on with the government in return for a equity position. This, Dekel says, is a very big deal because it takes away a large part of the uncertainty which is embedded in every mining project.]]></description>
<pubDate>Mon, 21 May 2012 09:56:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/stocktube/1163/chaarat-gold-ceo-looks-to-a-long-term-stabilisation-plan-agreed-with-the-govt-1163.html</guid>
</item>
<item>
<title><![CDATA[News - Chaarat Gold enters talks with Kyrgyz govt over potential changes to fiscal regime ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/41490/chaarat-gold-enters-talks-with-kyrgyz-govt-over-potential-changes-to-fiscal-regime-41490.html</link>
<description><![CDATA[<p>
<p><a href="http://www.proactiveinvestors.co.uk/companies/overview/322/Chaarat+Gold" class="companyPopupTrigger" rel="322">Chaarat Gold</a> (<a href="/companies/overview/322/chaarat-gold-0322.html" class="companyPopupTrigger" rel="322">LON:CGH</a>) today told investors that parts the Tulkubash development programme have been put on hold as it enters talks with the government of the Kyrgyz Republic.</p>
<p>The firm believes that the mine development programme will take place ‘only a few months’ later than planned. And the project will still start gold production next year, it says.</p>
<p>The talks come as the Kyrgyz Republic put the fiscal regime governing mining companies under review. And Chaarat says it is aware that the fiscal regime is likely to change.</p>
<p>So to mitigate any uncertainty concerning the impact on the Chaarat project, comprising the proposed Tulkubash and Kiziltash mines, direct negotiations are being held. </p>
<p>Chaarat said it aims to establish a mutually agreed Investment Agreement which would secure long term stability for the project. This would include a ‘stabilisation clause’ protecting the company from changes to taxation, ownership structure and royalties, it added.</p>
<p>The government supports this approach and the company believes it is the most responsible way to ensure ‘economic predictability’, Chaarat explained.</p>
<p>Permitting activities will continue in the meantime and they will not be interrupted by the negotiations.</p>
<p>"Many countries have recently changed their mining fiscal regime and others are likely to follow,” said chief executive Dekel Golan. </p>
<p>“This situation creates uncertainty which makes financial planning harder, especially for junior companies.</p>
<p>"The Board of Chaarat is taking a proactive approach and is entering into negotiations with the Kyrgyz Government with a view to establishing an agreement in law that is both satisfactory for the Government and provides greater certainty over the financial planning horizon for the company.”</p>
<p>He adds: “We have confidence that these discussions will yield a positive long term benefit for shareholders.”</p>
<p>The company also said today that it is satisfied that the Tulkubash mine development budget remains adequate and it has completed the design and engineering part of the project.</p>
<p>The firm also says that an option to upgrade the design so that output capacity is doubled would be viable and within budget. And it is currently considering this option.</p>
<p>It said it would use the ‘suspension period’ to attempt to increase the Tulkubash reserves with further drilling. The drill results would be used to complete a definitive feasibility study based on the higher production rate.</p>
<p>Chaarat says it will seek additional investment to help it achieve this higher production rate as well as source a lower power source, which would in both cases improve the projects economics and value.</p>
<p>It said that a number of funding options are available to it. And any equity based funding would only be considered if the funding price is at least equal the 50p price it raised £51 million at last March, Chaarat added.</p>
</p> ]]></description>
<pubDate>Mon, 16 Apr 2012 08:07:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/41490/chaarat-gold-enters-talks-with-kyrgyz-govt-over-potential-changes-to-fiscal-regime-41490.html</guid>
</item>
<item>
<title><![CDATA[RNS press release - Chaarat Gold Holdings Ltd : Update on the Developm ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120416cghh2543/</link>
<description><![CDATA[]]></description>
<pubDate>Mon, 16 Apr 2012 07:02:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120416cghh2543/</guid>
</item>
<item>
<title><![CDATA[Broker press ]]></title>
<link></link>
<description><![CDATA[16.04.12: -4.00, (22.75) Press: Chaarat fell after announcing that it was in negotiations with the government of the Kyrgyz Republic. The fiscal regime governing mining companies in the country is under review by the newly formed government, and is likely to change. Pending negotiations with the government, further capital investment activities at its Tulkubash Project will be suspended until agreement is reached. Source - Mail]]></description>
<pubDate>Mon, 16 Apr 2012 00:00:00 +0100</pubDate>
<guid></guid>
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<item>
<title><![CDATA[News - Chaarat Gold: Total resources increase 27 pct to 5.59 mln ounces ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/39760/chaarat-gold-total-resources-increase-27-pct-to-559-mln-ounces--39760.html</link>
<description><![CDATA[<p><a href="http://www.proactiveinvestors.co.uk/companies/overview/322/Chaarat+Gold" class="companyPopupTrigger" rel="322">Chaarat Gold</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/322/chaarat-gold-0322.html" class="companyPopupTrigger" rel="322">LON:CGH</a>) today unveiled a new resource estimate for its flagship project in the Kyrgyz Republic.</p>
<p>The Chaarat resource has increased by 27 per cent to 5.59 million ounces of gold.</p>
<p>The upgrade is based on the findings of last year’s drill programme which tested the group’s three main project areas - the Tulkubash pit area, and the Contact and Main underground project areas.</p>
<p>Tulkbash will be the first part of the Chaarat project to come online, with mining starting up this summer and production following next year once the processing plant is complete. </p>
<p>Today’s resource update saw the Tulkubash resource grow 56 per cent to 501,000 ounces, from 321,000.</p>
<p>Chief executive Dekel Golan said: "2011 was another excellent year during which we added over a million ounces of gold to our resource. </p>
<p>“I believe that the tremendous potential of Chaarat is being demonstrated by successful, rigorous exploration activity and the development of the infrastructure needed to support a large-scale operation.”</p>
<p>He adds: “The significantly improved political climate in the Kyrgyz Republic is giving a welcome added impetus to our operations during this development phase, whilst the Tulkubash Project, the non-refractory section of the deposit, is being fast tracked to development in order to stimulate early cash flow for the company. </p>
<p>“These are exciting times for us at Chaarat."</p>
<p>Last year, Chaarat carried out a total of around 29,000 metres of drilling in 171 new drill holes.</p>
<p>As well as increasing the non-refractory resource, at Tulkubash, the company also increased the resources in the two underground refractory resources – Contact and Main.</p>
<p>In total the refractory resource increased 25 per cent to 5.09 million ounces of gold.</p>
<p>The ‘Contact’ resource increased 39 per cent from last year and it is now estimated to contain 2.78 million ounces of gold, while the resource at the ‘Main’ area increased 17 per cent to 1.51 million ounces.</p>
<p>Chaarat said that it expects the size of the ‘Main’ deposit to increase significantly in the future, once it has carried out underground drilling.</p>
<p> </p> ]]></description>
<pubDate>Mon, 05 Mar 2012 07:50:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/39760/chaarat-gold-total-resources-increase-27-pct-to-559-mln-ounces--39760.html</guid>
</item>
<item>
<title><![CDATA[RNS press release - Chaarat Gold Holdings Ltd : Resource Update ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120305cghh1148/</link>
<description><![CDATA[]]></description>
<pubDate>Mon, 05 Mar 2012 07:00:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120305cghh1148/</guid>
</item>
<item>
<title><![CDATA[RNS press release - Chaarat Gold Holdings Ltd : Change of Adviser ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120119cghh8534/</link>
<description><![CDATA[]]></description>
<pubDate>Thu, 19 Jan 2012 07:00:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120119cghh8534/</guid>
</item>
<item>
<title><![CDATA[RNS press release - Chaarat Gold Holdings Ltd: Issue of Share Options ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/111222cghh3406/</link>
<description><![CDATA[]]></description>
<pubDate>Thu, 22 Dec 2011 11:03:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/111222cghh3406/</guid>
</item>
<item>
<title><![CDATA[News - Chaarat Gold issues share options to directors ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/37993/chaarat-gold-issues-share-options-to-directors-37993.html</link>
<description><![CDATA[<p>AIM quoted mine developer <a href="http://www.proactiveinvestors.co.uk/companies/overview/322/Chaarat+Gold" class="companyPopupTrigger" rel="322">Chaarat Gold</a> today announced that it has issued around 3.5 million share options to directors and employees.</p>
<p>The options are exercisable between one and eight years from now and they can be exercised at a price of 27p.</p>
<p>Chief executive Dekel Golan was granted around 900,000 options, while finance director Linda Naylor and non executive director Alex Novak were issued 555,556 and 500,000 respectively. </p>
<p>Also chairman Christopher Palmer-Tomkinson and non executive director Rob Weinberg were each granted around 100,000 options each. Then a further 1.5 million options were given to other employees.</p>
<p>Chaarat is currently developing the Tulkubash open pit and the underground Kiziltash mines in the Tien Shan mountains in the Kyrgyz Republic.</p>
<p> </p> ]]></description>
<pubDate>Thu, 22 Dec 2011 08:22:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/37993/chaarat-gold-issues-share-options-to-directors-37993.html</guid>
</item>
<item>
<title><![CDATA[RNS press release - Chaarat Gold Holdings Ltd : Director/PDMR Sharehol ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/111219cghh2360/</link>
<description><![CDATA[]]></description>
<pubDate>Mon, 19 Dec 2011 12:40:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/111219cghh2360/</guid>
</item>
<item>
<title><![CDATA[News - Chaarat Gold’s Tulkubash project on target to start production in 2013 ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/36656/chaarat-golds-tulkubash-project-on-target-to-start-production-in-2013-36656.html</link>
<description><![CDATA[<p>Kyrgyzstan-focused <a href="http://www.proactiveinvestors.co.uk/companies/overview/322/Chaarat+Gold" class="companyPopupTrigger" rel="322">Chaarat Gold</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/322/chaarat-gold-0322.html" class="companyPopupTrigger" rel="322">LON:CGH</a>) reported this morning that its Tulkubash project is on target for production in 2013 and that its gold resource there has been increased by 56 per cent to 501,000 ounces at 2.92 grams per tonne.</p>
<p>Chaarat, whose projects are located on the highly-prospective Tien Shan Gold Belt area of Central Asia, added that significant potential to further upgrade its resource and reserve at Tulkubash had been identified.</p>
<p>Chaarat said that during the 2011 exploration season work was focused on improving the resource and generating reserves from the “open pittable” section of the Central Tulkubash section of the ore body, yielding encouraging results.<br /><br />According to the firm, this work helped improve its understanding of the Tulkubash project to the extent that it now believes that the resource may have the capability of supporting production at a rate of 2,500 tonnes per day.</p>
<p>A total of 15,413 metres of drilling generated an open pittable resource of 404,000 ounces (from a total of 501,000 ounces) at a grade of 2.92 grams per tonne. Chaarat said that further drill results to the south and north of the zone indicate that the reserve can be increased significantly.</p>
<p>Meanwhile, the firm is waiting on approval of to convert the Tulkubash permit to a mining permit after submitting a report that shows it has defined sufficient reserves to justify its grant.<br /><br />After the grant of the mining permit, Chaarat will be required to prepare a detailed preliminary project design, and the firm is already working on this. In the absence of unforeseen delays, said Chaarat, it expects permitting will be complete in time for it to begin production in the second quarter of 2013.</p> ]]></description>
<pubDate>Wed, 07 Dec 2011 07:29:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/36656/chaarat-golds-tulkubash-project-on-target-to-start-production-in-2013-36656.html</guid>
</item>
<item>
<title><![CDATA[RNS press release - Chaarat Gold Holdings Ltd: Tulkubash project updat ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/111207cghh9574/</link>
<description><![CDATA[]]></description>
<pubDate>Wed, 07 Dec 2011 07:00:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/111207cghh9574/</guid>
</item>
<item>
<title><![CDATA[News - Chaarat Gold: Frontier gold explorer on track to produce 200,000 ounces per annum by 2015 ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/36518/chaarat-gold-frontier-gold-explorer-on-track-to-produce-200000-ounces-per-annum-by-2015--36518.html</link>
<description><![CDATA[<p>Kyrgyzstan is already a significant exporter of gold thanks to the country’s Kumtor mine, which after 16 years in operation has produced several million ounces of gold. Chaarat believes it has an opportunity to duplicate that success</p>]]></description>
<pubDate>Mon, 05 Dec 2011 10:36:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/36518/chaarat-gold-frontier-gold-explorer-on-track-to-produce-200000-ounces-per-annum-by-2015--36518.html</guid>
</item>
<item>
<title><![CDATA[News - UPDATE: Chaarat upbeat over Tulkubash extension drilling ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/35959/update-chaarat-upbeat-over-tulkubash-extension-drilling-35959.html</link>
<description><![CDATA[<p><strong>---Adds broker comments and share price --- </strong></p>
<p><a href="http://proactiveinvestors.co.uk/companies/overview/322/Chaarat+Gold" class="companyPopupTrigger" rel="322">Chaarat Gold</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/322/chaarat-gold-0322.html" class="companyPopupTrigger" rel="322">LON:CGH</a>) has reported a positive result from its ongoing drilling programme in the Tulkubash Project in north western Kyrgyzstan. <br /><br />The Kyrgyz - focused gold group said its Tulkubash mineralisation had extended from a previous strike of 360 metres to 920 metres and is still open towards the northeast. <br /><br />Dekel Golan, chief executive, said the group was “very encouraged” by the results as they demonstrated the significant extension, potential and actual, of the Tulkubash zone.<br /><br />“The prospect of extended strike, as well as improved predictability and continuity, which is effectively confirmed by this drilling, will potentially enable Chaarat to increase production from this low cost ore body and further improve its profit potential for the early years of operation,” he added.<br /><br />Chaarat said that 19 out of 20 holes drilled in the north west extension and 9 holes in the south eastern extension intersected mineralisation at the predicted depth. The range of results included 6.25m at 8.58 g/t gold and 11.25m at 8.21 g/t gold at the top end to 11.25m at 2.19 g/t gold.<br /><br />Mr Golan added: “We are confident that the scenario should improve further with drilling along strike, especially to the north east of the zone; drilling which will commence during the spring of next year. An updated resource and reserve estimate based on the 2011 drilling will be released early in 2012."<br /><br />A previous resource estimate based on 2010 drilling showed indicated and inferred resources of 321,000 ounces at a grade of 4.00 g/t in a portion of the Tulkubash zone. The Tulkubash Zone is one of three major zones of mineralisation within the <a href="http://proactiveinvestors.co.uk/companies/overview/322/Chaarat+Gold" class="companyPopupTrigger" rel="322">Chaarat Gold</a> Project.<br /><br />Following the update, analyst Yuen Low of broker Shore Capital, highlighted that an updated resource and reserve estimate was expected in early 2012. <br /><br />"The extended strike should have a positive impact on project economics. Although too early to quantify, we expect a positive impact on the share price," he said.<br /><br />As at 2.52 pm, the firm's shares were up 2.88 per cent, to trade at 26.75 pence.</p> ]]></description>
<pubDate>Tue, 22 Nov 2011 15:04:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/35959/update-chaarat-upbeat-over-tulkubash-extension-drilling-35959.html</guid>
</item>
<item>
<title><![CDATA[News - Chaarat upbeat over Tulkubash extension drilling ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/35935/chaarat-upbeat-over-tulkubash-extension-drilling-35935.html</link>
<description><![CDATA[<p><a href="http://www.proactiveinvestors.co.uk/companies/overview/322/Chaarat+Gold" class="companyPopupTrigger" rel="322">Chaarat Gold</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/322/chaarat-gold-0322.html" class="companyPopupTrigger" rel="322">LON:CGH</a>) has reported a positive result from its ongoing drilling programme in the Tulkubash Project in north western Kyrgyzstan. </p>
<p>The Kyrgyz - focused gold group said its Tulkubash mineralisation had extended from a previous strike of 360 metres to 920 metres and is still open towards the northeast. </p>
<p>Dekel Golan, chief executive, said the group was “very encouraged” by the results as they demonstrated the significant extension, potential and actual, of the Tulkubash zone.</p>
<p>“The prospect of extended strike, as well as improved predictability and continuity, which is effectively confirmed by this drilling, will potentially enable Chaarat to increase production from this low cost ore body and further improve its profit potential for the early years of operation,” he added.</p>
<p>Chaarat said that 19 out of 20 holes drilled in the north west extension and 9 holes in the south eastern extension intersected mineralisation at the predicted depth. The range of results included 6.25m at 8.58 g/t and 11.25m at 8.21 g/t at the top end to 11.25m at 2.19 g/t.</p>
<p>Mr Golan added: “We are confident that the scenario should improve further with drilling along strike, especially to the north east of the zone; drilling which will commence during the spring of next year. An updated resource and reserve estimate based on the 2011 drilling will be released early in 2012."</p>
<p>A previous resource estimate based on 2010 drilling showed indicated and inferred resources of 321,000 ounces at a grade of 4.00 g/t in a portion of the Tulkubash zone. The Tulkubash Zone is one of three major zones of mineralisation within the <a href="http://www.proactiveinvestors.co.uk/companies/overview/322/Chaarat+Gold" class="companyPopupTrigger" rel="322">Chaarat Gold</a> Project.</p> ]]></description>
<pubDate>Tue, 22 Nov 2011 07:47:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/35935/chaarat-upbeat-over-tulkubash-extension-drilling-35935.html</guid>
</item>
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<title><![CDATA[RNS press release - Chaarat Gold Holdings Ltd: Tulkubash drilling upda ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/111122cghh5509/</link>
<description><![CDATA[]]></description>
<pubDate>Tue, 22 Nov 2011 07:00:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/111122cghh5509/</guid>
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<item>
<title><![CDATA[Broker press ]]></title>
<link></link>
<description><![CDATA[22.11.11: +0.75, (26.75) Press: Chaarat Gold rose after a drilling update from its Tulkubash Project. The company revealed an extended strike of 920 metres ? nearly trebling from 360 metres ? and said it expected further improvements when drilling commences in spring 2012. Source - Financial Times]]></description>
<pubDate>Tue, 22 Nov 2011 00:00:00 +0000</pubDate>
<guid></guid>
</item>
<item>
<title><![CDATA[News - Chaarat Gold chairman Palmer-Tomkinson buys company shares ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/34722/chaarat-gold-chairman-palmer-tomkinson-buys-company-shares-34722.html</link>
<description><![CDATA[<p>
<p>Chaarat Gold (<a href="/companies/overview/322/chaarat-gold-0322.html">LON:CGH</a>) this afternoon told investors that its chairman Christopher Palmer-Tomkinson has increased his stake in the company by acquiring an additional 100,000 shares.<br /><br />Palmer-Tomkinson bought through separate deals shares on Friday and today. He paid an average price of 27p a share.<br /><br />The chairman now owns 10.1 million shares, which represents around 4 per cent of the company.<br /><br />Last month, the Kyrgyzstan-focused firm revealed its half year results, saying it had made steady progress in its bid to begin production late next year or early in 2013.<br /><br />Its flagship Chaarat project is split between two main deposits - the Kiziltash underground mine (also referred to as the ‘contact zone’), and the Tulkubash open-pit project.<br /><br />The project contains 4.736 million ounces of gold in total indicated and inferred resources and the firm aims to become a low cost gold producer - with first production coming from the Tulkubash project.<br /><br />When the Kiziltash project comes on stream too, the company is targeting combined annual production of more than 200,000 ounces per year.</p>
</p>]]></description>
<pubDate>Mon, 24 Oct 2011 15:05:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/34722/chaarat-gold-chairman-palmer-tomkinson-buys-company-shares-34722.html</guid>
</item>
<item>
<title><![CDATA[RNS press release - Chaarat Gold Holdings Ltd : Director/PDMR Sharehol ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/111024h7347/</link>
<description><![CDATA[]]></description>
<pubDate>Mon, 24 Oct 2011 14:39:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/111024h7347/</guid>
</item>
<item>
<title><![CDATA[News - Chaarat Gold: CNMIM representatives resign from board after its stake falls below ten per cent ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/34439/chaarat-gold-cnmim-representatives-resign-from-board-after-its-stake-falls-below-ten-per-cent-34439.html</link>
<description><![CDATA[<p>Chaarat Gold (<a href="http://www.proactiveinvestors.co.uk/companies/overview/322/chaarat-gold-0322.html"></a><a href="http://www.proactiveinvestors.co.uk/companies/overview/322/chaarat-gold-0322.html"><a href="/companies/overview/322/chaarat-gold-0322.html">LON:CGH</a></a>) has revealed that David Tang and Luo Tang - the representatives of China Nonferrous Metals and Mining Co Ltd (CNMIM) - have stepped down from the board.<br /><br />CNMIM was entitled to appoint two directors to Chaarat's board under an agreement in 2009 as long as its stake in the firm stood at or above 10 percent. <br /> <br />Chaarat said today that following the placing completed in March this year, CNMIM's holding was diluted to below 9 per cent.<br /><br />The company said today that its management and CNMIM would continue to work together and that despite the resignations, CNMIM had said all options in respect of its holding in the company and participation in the project remained open.<br /><br />Lang and Tao resigned as non-executive directors of Chaarat's board on October 14.<br /><br />Chaarat's chairman Christopher Palmer-Tomkinson said: "We wish to thank David Tang and Luo Tao for their valuable contribution to Chaarat's development. <br /><br />"We are delighted that we will continue to work together as we move towards production."<br /><br />Last month, the Kyrgyzstan-focused firm revealed its half year results, saying it had made steady progress in its bid to begin production late next year or early in 2013.<br /><br />Its flagship Chaarat project is split between two main deposits - the Kiziltash underground mine (also referred to as the ‘contact zone’), and the Tulkubash open-pit project.<br /><br />The project contains 4.736 million ounces of gold in total indicated and inferred resources and the firm aims to become a low cost gold producer - with first production coming from the Tulkubash project.<br /><br />When the Kiziltash project comes on stream too, the company is targeting combined annual production of more than 200,000 ounces per year.</p>]]></description>
<pubDate>Mon, 17 Oct 2011 11:00:00 +0100</pubDate>
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"title" => "Media files - Chaarat Gold CEO looks to a long term stabilisation plan agreed with the govt",
"pubdate" => "2012-05-21 09:56:00",
"seftitle" => "chaarat-gold-ceo-looks-to-a-long-term-stabilisation-plan-agreed-with-the-govt-1163.html",
"description" => "Dekel Golan, CEO at Chaarat Gold (<a href="/companies/overview/322/chaarat-gold-0322.html" class="companyPopupTrigger" rel="322">LON:CGH</a>), talks to Proactiveinvestors about the negotiations that the company is having with the Kyrgyz Republic. Dekel says that he expects a long term stabilisation plan being agreed on with the government in return for a equity position. This, Dekel says, is a very big deal because it takes away a large part of the uncertainty which is embedded in every mining project.",
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"id" => "41490",
"title" => "News - Chaarat Gold enters talks with Kyrgyz govt over potential changes to fiscal regime",
"pubdate" => "2012-04-16 08:07:00",
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<p><a href="http://www.proactiveinvestors.co.uk/companies/overview/322/Chaarat+Gold" class="companyPopupTrigger" rel="322">Chaarat Gold</a> (<a href="/companies/overview/322/chaarat-gold-0322.html" class="companyPopupTrigger" rel="322">LON:CGH</a>) today told investors that parts the Tulkubash development programme have been put on hold as it enters talks with the government of the Kyrgyz Republic.</p>
<p>The firm believes that the mine development programme will take place ‘only a few months’ later than planned. And the project will still start gold production next year, it says.</p>
<p>The talks come as the Kyrgyz Republic put the fiscal regime governing mining companies under review. And Chaarat says it is aware that the fiscal regime is likely to change.</p>
<p>So to mitigate any uncertainty concerning the impact on the Chaarat project, comprising the proposed Tulkubash and Kiziltash mines, direct negotiations are being held. </p>
<p>Chaarat said it aims to establish a mutually agreed Investment Agreement which would secure long term stability for the project. This would include a ‘stabilisation clause’ protecting the company from changes to taxation, ownership structure and royalties, it added.</p>
<p>The government supports this approach and the company believes it is the most responsible way to ensure ‘economic predictability’, Chaarat explained.</p>
<p>Permitting activities will continue in the meantime and they will not be interrupted by the negotiations.</p>
<p>"Many countries have recently changed their mining fiscal regime and others are likely to follow,” said chief executive Dekel Golan. </p>
<p>“This situation creates uncertainty which makes financial planning harder, especially for junior companies.</p>
<p>"The Board of Chaarat is taking a proactive approach and is entering into negotiations with the Kyrgyz Government with a view to establishing an agreement in law that is both satisfactory for the Government and provides greater certainty over the financial planning horizon for the company.”</p>
<p>He adds: “We have confidence that these discussions will yield a positive long term benefit for shareholders.”</p>
<p>The company also said today that it is satisfied that the Tulkubash mine development budget remains adequate and it has completed the design and engineering part of the project.</p>
<p>The firm also says that an option to upgrade the design so that output capacity is doubled would be viable and within budget. And it is currently considering this option.</p>
<p>It said it would use the ‘suspension period’ to attempt to increase the Tulkubash reserves with further drilling. The drill results would be used to complete a definitive feasibility study based on the higher production rate.</p>
<p>Chaarat says it will seek additional investment to help it achieve this higher production rate as well as source a lower power source, which would in both cases improve the projects economics and value.</p>
<p>It said that a number of funding options are available to it. And any equity based funding would only be considered if the funding price is at least equal the 50p price it raised £51 million at last March, Chaarat added.</p>
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"title" => "RNS press release - Chaarat Gold Holdings Ltd : Update on the Developm",
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"description" => "16.04.12: -4.00, (22.75) Press: Chaarat fell after announcing that it was in negotiations with the government of the Kyrgyz Republic. The fiscal regime governing mining companies in the country is under review by the newly formed government, and is likely to change. Pending negotiations with the government, further capital investment activities at its Tulkubash Project will be suspended until agreement is reached. Source - Mail",
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"title" => "News - Chaarat Gold: Total resources increase 27 pct to 5.59 mln ounces ",
"pubdate" => "2012-03-05 07:50:00",
"seftitle" => "chaarat-gold-total-resources-increase-27-pct-to-559-mln-ounces--39760.html",
"description" => "<p><a href="http://www.proactiveinvestors.co.uk/companies/overview/322/Chaarat+Gold" class="companyPopupTrigger" rel="322">Chaarat Gold</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/322/chaarat-gold-0322.html" class="companyPopupTrigger" rel="322">LON:CGH</a>) today unveiled a new resource estimate for its flagship project in the Kyrgyz Republic.</p>
<p>The Chaarat resource has increased by 27 per cent to 5.59 million ounces of gold.</p>
<p>The upgrade is based on the findings of last year’s drill programme which tested the group’s three main project areas - the Tulkubash pit area, and the Contact and Main underground project areas.</p>
<p>Tulkbash will be the first part of the Chaarat project to come online, with mining starting up this summer and production following next year once the processing plant is complete. </p>
<p>Today’s resource update saw the Tulkubash resource grow 56 per cent to 501,000 ounces, from 321,000.</p>
<p>Chief executive Dekel Golan said: "2011 was another excellent year during which we added over a million ounces of gold to our resource. </p>
<p>“I believe that the tremendous potential of Chaarat is being demonstrated by successful, rigorous exploration activity and the development of the infrastructure needed to support a large-scale operation.”</p>
<p>He adds: “The significantly improved political climate in the Kyrgyz Republic is giving a welcome added impetus to our operations during this development phase, whilst the Tulkubash Project, the non-refractory section of the deposit, is being fast tracked to development in order to stimulate early cash flow for the company. </p>
<p>“These are exciting times for us at Chaarat."</p>
<p>Last year, Chaarat carried out a total of around 29,000 metres of drilling in 171 new drill holes.</p>
<p>As well as increasing the non-refractory resource, at Tulkubash, the company also increased the resources in the two underground refractory resources – Contact and Main.</p>
<p>In total the refractory resource increased 25 per cent to 5.09 million ounces of gold.</p>
<p>The ‘Contact’ resource increased 39 per cent from last year and it is now estimated to contain 2.78 million ounces of gold, while the resource at the ‘Main’ area increased 17 per cent to 1.51 million ounces.</p>
<p>Chaarat said that it expects the size of the ‘Main’ deposit to increase significantly in the future, once it has carried out underground drilling.</p>
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"title" => "RNS press release - Chaarat Gold Holdings Ltd : Change of Adviser",
"pubdate" => "2012-01-19 07:00:00",
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"title" => "RNS press release - Chaarat Gold Holdings Ltd: Issue of Share Options",
"pubdate" => "2011-12-22 11:03:00",
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"title" => "News - Chaarat Gold issues share options to directors",
"pubdate" => "2011-12-22 08:22:00",
"seftitle" => "chaarat-gold-issues-share-options-to-directors-37993.html",
"description" => "<p>AIM quoted mine developer <a href="http://www.proactiveinvestors.co.uk/companies/overview/322/Chaarat+Gold" class="companyPopupTrigger" rel="322">Chaarat Gold</a> today announced that it has issued around 3.5 million share options to directors and employees.</p>
<p>The options are exercisable between one and eight years from now and they can be exercised at a price of 27p.</p>
<p>Chief executive Dekel Golan was granted around 900,000 options, while finance director Linda Naylor and non executive director Alex Novak were issued 555,556 and 500,000 respectively. </p>
<p>Also chairman Christopher Palmer-Tomkinson and non executive director Rob Weinberg were each granted around 100,000 options each. Then a further 1.5 million options were given to other employees.</p>
<p>Chaarat is currently developing the Tulkubash open pit and the underground Kiziltash mines in the Tien Shan mountains in the Kyrgyz Republic.</p>
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"title" => "RNS press release - Chaarat Gold Holdings Ltd : Director/PDMR Sharehol",
"pubdate" => "2011-12-19 12:40:00",
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"id" => "36656",
"title" => "News - Chaarat Gold’s Tulkubash project on target to start production in 2013",
"pubdate" => "2011-12-07 07:29:00",
"seftitle" => "chaarat-golds-tulkubash-project-on-target-to-start-production-in-2013-36656.html",
"description" => "<p>Kyrgyzstan-focused <a href="http://www.proactiveinvestors.co.uk/companies/overview/322/Chaarat+Gold" class="companyPopupTrigger" rel="322">Chaarat Gold</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/322/chaarat-gold-0322.html" class="companyPopupTrigger" rel="322">LON:CGH</a>) reported this morning that its Tulkubash project is on target for production in 2013 and that its gold resource there has been increased by 56 per cent to 501,000 ounces at 2.92 grams per tonne.</p>
<p>Chaarat, whose projects are located on the highly-prospective Tien Shan Gold Belt area of Central Asia, added that significant potential to further upgrade its resource and reserve at Tulkubash had been identified.</p>
<p>Chaarat said that during the 2011 exploration season work was focused on improving the resource and generating reserves from the “open pittable” section of the Central Tulkubash section of the ore body, yielding encouraging results.<br /><br />According to the firm, this work helped improve its understanding of the Tulkubash project to the extent that it now believes that the resource may have the capability of supporting production at a rate of 2,500 tonnes per day.</p>
<p>A total of 15,413 metres of drilling generated an open pittable resource of 404,000 ounces (from a total of 501,000 ounces) at a grade of 2.92 grams per tonne. Chaarat said that further drill results to the south and north of the zone indicate that the reserve can be increased significantly.</p>
<p>Meanwhile, the firm is waiting on approval of to convert the Tulkubash permit to a mining permit after submitting a report that shows it has defined sufficient reserves to justify its grant.<br /><br />After the grant of the mining permit, Chaarat will be required to prepare a detailed preliminary project design, and the firm is already working on this. In the absence of unforeseen delays, said Chaarat, it expects permitting will be complete in time for it to begin production in the second quarter of 2013.</p> ",
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"id" => "111207cghh9574",
"title" => "RNS press release - Chaarat Gold Holdings Ltd: Tulkubash project updat",
"pubdate" => "2011-12-07 07:00:00",
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array(
"id" => "36518",
"title" => "News - Chaarat Gold: Frontier gold explorer on track to produce 200,000 ounces per annum by 2015 ",
"pubdate" => "2011-12-05 10:36:00",
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"description" => "<p>Kyrgyzstan is already a significant exporter of gold thanks to the country’s Kumtor mine, which after 16 years in operation has produced several million ounces of gold. Chaarat believes it has an opportunity to duplicate that success</p>",
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"title" => "News - UPDATE: Chaarat upbeat over Tulkubash extension drilling",
"pubdate" => "2011-11-22 15:04:00",
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"description" => "<p><strong>---Adds broker comments and share price --- </strong></p>
<p><a href="http://proactiveinvestors.co.uk/companies/overview/322/Chaarat+Gold" class="companyPopupTrigger" rel="322">Chaarat Gold</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/322/chaarat-gold-0322.html" class="companyPopupTrigger" rel="322">LON:CGH</a>) has reported a positive result from its ongoing drilling programme in the Tulkubash Project in north western Kyrgyzstan. <br /><br />The Kyrgyz - focused gold group said its Tulkubash mineralisation had extended from a previous strike of 360 metres to 920 metres and is still open towards the northeast. <br /><br />Dekel Golan, chief executive, said the group was “very encouraged” by the results as they demonstrated the significant extension, potential and actual, of the Tulkubash zone.<br /><br />“The prospect of extended strike, as well as improved predictability and continuity, which is effectively confirmed by this drilling, will potentially enable Chaarat to increase production from this low cost ore body and further improve its profit potential for the early years of operation,” he added.<br /><br />Chaarat said that 19 out of 20 holes drilled in the north west extension and 9 holes in the south eastern extension intersected mineralisation at the predicted depth. The range of results included 6.25m at 8.58 g/t gold and 11.25m at 8.21 g/t gold at the top end to 11.25m at 2.19 g/t gold.<br /><br />Mr Golan added: “We are confident that the scenario should improve further with drilling along strike, especially to the north east of the zone; drilling which will commence during the spring of next year. An updated resource and reserve estimate based on the 2011 drilling will be released early in 2012."<br /><br />A previous resource estimate based on 2010 drilling showed indicated and inferred resources of 321,000 ounces at a grade of 4.00 g/t in a portion of the Tulkubash zone. The Tulkubash Zone is one of three major zones of mineralisation within the <a href="http://proactiveinvestors.co.uk/companies/overview/322/Chaarat+Gold" class="companyPopupTrigger" rel="322">Chaarat Gold</a> Project.<br /><br />Following the update, analyst Yuen Low of broker Shore Capital, highlighted that an updated resource and reserve estimate was expected in early 2012. <br /><br />"The extended strike should have a positive impact on project economics. Although too early to quantify, we expect a positive impact on the share price," he said.<br /><br />As at 2.52 pm, the firm's shares were up 2.88 per cent, to trade at 26.75 pence.</p> ",
"link" => "http://www.proactiveinvestors.co.uk/companies/news/35959/update-chaarat-upbeat-over-tulkubash-extension-drilling-35959.html"
),
array(
"id" => "35935",
"title" => "News - Chaarat upbeat over Tulkubash extension drilling",
"pubdate" => "2011-11-22 07:47:00",
"seftitle" => "chaarat-upbeat-over-tulkubash-extension-drilling-35935.html",
"description" => "<p><a href="http://www.proactiveinvestors.co.uk/companies/overview/322/Chaarat+Gold" class="companyPopupTrigger" rel="322">Chaarat Gold</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/322/chaarat-gold-0322.html" class="companyPopupTrigger" rel="322">LON:CGH</a>) has reported a positive result from its ongoing drilling programme in the Tulkubash Project in north western Kyrgyzstan. </p>
<p>The Kyrgyz - focused gold group said its Tulkubash mineralisation had extended from a previous strike of 360 metres to 920 metres and is still open towards the northeast. </p>
<p>Dekel Golan, chief executive, said the group was “very encouraged” by the results as they demonstrated the significant extension, potential and actual, of the Tulkubash zone.</p>
<p>“The prospect of extended strike, as well as improved predictability and continuity, which is effectively confirmed by this drilling, will potentially enable Chaarat to increase production from this low cost ore body and further improve its profit potential for the early years of operation,” he added.</p>
<p>Chaarat said that 19 out of 20 holes drilled in the north west extension and 9 holes in the south eastern extension intersected mineralisation at the predicted depth. The range of results included 6.25m at 8.58 g/t and 11.25m at 8.21 g/t at the top end to 11.25m at 2.19 g/t.</p>
<p>Mr Golan added: “We are confident that the scenario should improve further with drilling along strike, especially to the north east of the zone; drilling which will commence during the spring of next year. An updated resource and reserve estimate based on the 2011 drilling will be released early in 2012."</p>
<p>A previous resource estimate based on 2010 drilling showed indicated and inferred resources of 321,000 ounces at a grade of 4.00 g/t in a portion of the Tulkubash zone. The Tulkubash Zone is one of three major zones of mineralisation within the <a href="http://www.proactiveinvestors.co.uk/companies/overview/322/Chaarat+Gold" class="companyPopupTrigger" rel="322">Chaarat Gold</a> Project.</p> ",
"link" => "http://www.proactiveinvestors.co.uk/companies/news/35935/chaarat-upbeat-over-tulkubash-extension-drilling-35935.html"
),
array(
"id" => "111122cghh5509",
"title" => "RNS press release - Chaarat Gold Holdings Ltd: Tulkubash drilling upda",
"pubdate" => "2011-11-22 07:00:00",
"seftitle" => "",
"description" => "",
"link" => "http://www.proactiveinvestors.co.uk/companies/rns/111122cghh5509/"
),
array(
"id" => "",
"title" => "Broker press",
"pubdate" => "2011-11-22 00:00:00",
"seftitle" => "",
"description" => "22.11.11: +0.75, (26.75) Press: Chaarat Gold rose after a drilling update from its Tulkubash Project. The company revealed an extended strike of 920 metres ? nearly trebling from 360 metres ? and said it expected further improvements when drilling commences in spring 2012. Source - Financial Times",
"link" => ""
),
array(
"id" => "34722",
"title" => "News - Chaarat Gold chairman Palmer-Tomkinson buys company shares",
"pubdate" => "2011-10-24 15:05:00",
"seftitle" => "chaarat-gold-chairman-palmer-tomkinson-buys-company-shares-34722.html",
"description" => "<p>
<p>Chaarat Gold (<a href="/companies/overview/322/chaarat-gold-0322.html">LON:CGH</a>) this afternoon told investors that its chairman Christopher Palmer-Tomkinson has increased his stake in the company by acquiring an additional 100,000 shares.<br /><br />Palmer-Tomkinson bought through separate deals shares on Friday and today. He paid an average price of 27p a share.<br /><br />The chairman now owns 10.1 million shares, which represents around 4 per cent of the company.<br /><br />Last month, the Kyrgyzstan-focused firm revealed its half year results, saying it had made steady progress in its bid to begin production late next year or early in 2013.<br /><br />Its flagship Chaarat project is split between two main deposits - the Kiziltash underground mine (also referred to as the ‘contact zone’), and the Tulkubash open-pit project.<br /><br />The project contains 4.736 million ounces of gold in total indicated and inferred resources and the firm aims to become a low cost gold producer - with first production coming from the Tulkubash project.<br /><br />When the Kiziltash project comes on stream too, the company is targeting combined annual production of more than 200,000 ounces per year.</p>
</p>",
"link" => "http://www.proactiveinvestors.co.uk/companies/news/34722/chaarat-gold-chairman-palmer-tomkinson-buys-company-shares-34722.html"
),
array(
"id" => "111024h7347",
"title" => "RNS press release - Chaarat Gold Holdings Ltd : Director/PDMR Sharehol",
"pubdate" => "2011-10-24 14:39:00",
"seftitle" => "",
"description" => "",
"link" => "http://www.proactiveinvestors.co.uk/companies/rns/111024h7347/"
),
array(
"id" => "34439",
"title" => "News - Chaarat Gold: CNMIM representatives resign from board after its stake falls below ten per cent",
"pubdate" => "2011-10-17 11:00:00",
"seftitle" => "chaarat-gold-cnmim-representatives-resign-from-board-after-its-stake-falls-below-ten-per-cent-34439.html",
"description" => "<p>Chaarat Gold (<a href="http://www.proactiveinvestors.co.uk/companies/overview/322/chaarat-gold-0322.html"></a><a href="http://www.proactiveinvestors.co.uk/companies/overview/322/chaarat-gold-0322.html"><a href="/companies/overview/322/chaarat-gold-0322.html">LON:CGH</a></a>) has revealed that David Tang and Luo Tang - the representatives of China Nonferrous Metals and Mining Co Ltd (CNMIM) - have stepped down from the board.<br /><br />CNMIM was entitled to appoint two directors to Chaarat's board under an agreement in 2009 as long as its stake in the firm stood at or above 10 percent. <br /> <br />Chaarat said today that following the placing completed in March this year, CNMIM's holding was diluted to below 9 per cent.<br /><br />The company said today that its management and CNMIM would continue to work together and that despite the resignations, CNMIM had said all options in respect of its holding in the company and participation in the project remained open.<br /><br />Lang and Tao resigned as non-executive directors of Chaarat's board on October 14.<br /><br />Chaarat's chairman Christopher Palmer-Tomkinson said: "We wish to thank David Tang and Luo Tao for their valuable contribution to Chaarat's development. <br /><br />"We are delighted that we will continue to work together as we move towards production."<br /><br />Last month, the Kyrgyzstan-focused firm revealed its half year results, saying it had made steady progress in its bid to begin production late next year or early in 2013.<br /><br />Its flagship Chaarat project is split between two main deposits - the Kiziltash underground mine (also referred to as the ‘contact zone’), and the Tulkubash open-pit project.<br /><br />The project contains 4.736 million ounces of gold in total indicated and inferred resources and the firm aims to become a low cost gold producer - with first production coming from the Tulkubash project.<br /><br />When the Kiziltash project comes on stream too, the company is targeting combined annual production of more than 200,000 ounces per year.</p>",
"link" => "http://www.proactiveinvestors.co.uk/companies/news/34439/chaarat-gold-cnmim-representatives-resign-from-board-after-its-stake-falls-below-ten-per-cent-34439.html"
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<title><![CDATA[Media files - Chaarat Gold CEO looks to a long term stabilisation plan agreed with the govt ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/stocktube/1163/chaarat-gold-ceo-looks-to-a-long-term-stabilisation-plan-agreed-with-the-govt-1163.html</link>
<description><![CDATA[Dekel Golan, CEO at Chaarat Gold (<a href="/companies/overview/322/chaarat-gold-0322.html" class="companyPopupTrigger" rel="322">LON:CGH</a>), talks to Proactiveinvestors about the negotiations that the company is having with the Kyrgyz Republic. Dekel says that he expects a long term stabilisation plan being agreed on with the government in return for a equity position. This, Dekel says, is a very big deal because it takes away a large part of the uncertainty which is embedded in every mining project.]]></description>
<pubDate>Mon, 21 May 2012 09:56:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/stocktube/1163/chaarat-gold-ceo-looks-to-a-long-term-stabilisation-plan-agreed-with-the-govt-1163.html</guid>
</item>
<item>
<title><![CDATA[News - Chaarat Gold enters talks with Kyrgyz govt over potential changes to fiscal regime ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/41490/chaarat-gold-enters-talks-with-kyrgyz-govt-over-potential-changes-to-fiscal-regime-41490.html</link>
<description><![CDATA[<p>
<p><a href="http://www.proactiveinvestors.co.uk/companies/overview/322/Chaarat+Gold" class="companyPopupTrigger" rel="322">Chaarat Gold</a> (<a href="/companies/overview/322/chaarat-gold-0322.html" class="companyPopupTrigger" rel="322">LON:CGH</a>) today told investors that parts the Tulkubash development programme have been put on hold as it enters talks with the government of the Kyrgyz Republic.</p>
<p>The firm believes that the mine development programme will take place ‘only a few months’ later than planned. And the project will still start gold production next year, it says.</p>
<p>The talks come as the Kyrgyz Republic put the fiscal regime governing mining companies under review. And Chaarat says it is aware that the fiscal regime is likely to change.</p>
<p>So to mitigate any uncertainty concerning the impact on the Chaarat project, comprising the proposed Tulkubash and Kiziltash mines, direct negotiations are being held. </p>
<p>Chaarat said it aims to establish a mutually agreed Investment Agreement which would secure long term stability for the project. This would include a ‘stabilisation clause’ protecting the company from changes to taxation, ownership structure and royalties, it added.</p>
<p>The government supports this approach and the company believes it is the most responsible way to ensure ‘economic predictability’, Chaarat explained.</p>
<p>Permitting activities will continue in the meantime and they will not be interrupted by the negotiations.</p>
<p>"Many countries have recently changed their mining fiscal regime and others are likely to follow,” said chief executive Dekel Golan. </p>
<p>“This situation creates uncertainty which makes financial planning harder, especially for junior companies.</p>
<p>"The Board of Chaarat is taking a proactive approach and is entering into negotiations with the Kyrgyz Government with a view to establishing an agreement in law that is both satisfactory for the Government and provides greater certainty over the financial planning horizon for the company.”</p>
<p>He adds: “We have confidence that these discussions will yield a positive long term benefit for shareholders.”</p>
<p>The company also said today that it is satisfied that the Tulkubash mine development budget remains adequate and it has completed the design and engineering part of the project.</p>
<p>The firm also says that an option to upgrade the design so that output capacity is doubled would be viable and within budget. And it is currently considering this option.</p>
<p>It said it would use the ‘suspension period’ to attempt to increase the Tulkubash reserves with further drilling. The drill results would be used to complete a definitive feasibility study based on the higher production rate.</p>
<p>Chaarat says it will seek additional investment to help it achieve this higher production rate as well as source a lower power source, which would in both cases improve the projects economics and value.</p>
<p>It said that a number of funding options are available to it. And any equity based funding would only be considered if the funding price is at least equal the 50p price it raised £51 million at last March, Chaarat added.</p>
</p> ]]></description>
<pubDate>Mon, 16 Apr 2012 08:07:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/41490/chaarat-gold-enters-talks-with-kyrgyz-govt-over-potential-changes-to-fiscal-regime-41490.html</guid>
</item>
<item>
<title><![CDATA[RNS press release - Chaarat Gold Holdings Ltd : Update on the Developm ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120416cghh2543/</link>
<description><![CDATA[]]></description>
<pubDate>Mon, 16 Apr 2012 07:02:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120416cghh2543/</guid>
</item>
<item>
<title><![CDATA[Broker press ]]></title>
<link></link>
<description><![CDATA[16.04.12: -4.00, (22.75) Press: Chaarat fell after announcing that it was in negotiations with the government of the Kyrgyz Republic. The fiscal regime governing mining companies in the country is under review by the newly formed government, and is likely to change. Pending negotiations with the government, further capital investment activities at its Tulkubash Project will be suspended until agreement is reached. Source - Mail]]></description>
<pubDate>Mon, 16 Apr 2012 00:00:00 +0100</pubDate>
<guid></guid>
</item>
<item>
<title><![CDATA[News - Chaarat Gold: Total resources increase 27 pct to 5.59 mln ounces ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/39760/chaarat-gold-total-resources-increase-27-pct-to-559-mln-ounces--39760.html</link>
<description><![CDATA[<p><a href="http://www.proactiveinvestors.co.uk/companies/overview/322/Chaarat+Gold" class="companyPopupTrigger" rel="322">Chaarat Gold</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/322/chaarat-gold-0322.html" class="companyPopupTrigger" rel="322">LON:CGH</a>) today unveiled a new resource estimate for its flagship project in the Kyrgyz Republic.</p>
<p>The Chaarat resource has increased by 27 per cent to 5.59 million ounces of gold.</p>
<p>The upgrade is based on the findings of last year’s drill programme which tested the group’s three main project areas - the Tulkubash pit area, and the Contact and Main underground project areas.</p>
<p>Tulkbash will be the first part of the Chaarat project to come online, with mining starting up this summer and production following next year once the processing plant is complete. </p>
<p>Today’s resource update saw the Tulkubash resource grow 56 per cent to 501,000 ounces, from 321,000.</p>
<p>Chief executive Dekel Golan said: "2011 was another excellent year during which we added over a million ounces of gold to our resource. </p>
<p>“I believe that the tremendous potential of Chaarat is being demonstrated by successful, rigorous exploration activity and the development of the infrastructure needed to support a large-scale operation.”</p>
<p>He adds: “The significantly improved political climate in the Kyrgyz Republic is giving a welcome added impetus to our operations during this development phase, whilst the Tulkubash Project, the non-refractory section of the deposit, is being fast tracked to development in order to stimulate early cash flow for the company. </p>
<p>“These are exciting times for us at Chaarat."</p>
<p>Last year, Chaarat carried out a total of around 29,000 metres of drilling in 171 new drill holes.</p>
<p>As well as increasing the non-refractory resource, at Tulkubash, the company also increased the resources in the two underground refractory resources – Contact and Main.</p>
<p>In total the refractory resource increased 25 per cent to 5.09 million ounces of gold.</p>
<p>The ‘Contact’ resource increased 39 per cent from last year and it is now estimated to contain 2.78 million ounces of gold, while the resource at the ‘Main’ area increased 17 per cent to 1.51 million ounces.</p>
<p>Chaarat said that it expects the size of the ‘Main’ deposit to increase significantly in the future, once it has carried out underground drilling.</p>
<p> </p> ]]></description>
<pubDate>Mon, 05 Mar 2012 07:50:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/39760/chaarat-gold-total-resources-increase-27-pct-to-559-mln-ounces--39760.html</guid>
</item>
<item>
<title><![CDATA[RNS press release - Chaarat Gold Holdings Ltd : Resource Update ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120305cghh1148/</link>
<description><![CDATA[]]></description>
<pubDate>Mon, 05 Mar 2012 07:00:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120305cghh1148/</guid>
</item>
<item>
<title><![CDATA[RNS press release - Chaarat Gold Holdings Ltd : Change of Adviser ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120119cghh8534/</link>
<description><![CDATA[]]></description>
<pubDate>Thu, 19 Jan 2012 07:00:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120119cghh8534/</guid>
</item>
<item>
<title><![CDATA[RNS press release - Chaarat Gold Holdings Ltd: Issue of Share Options ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/111222cghh3406/</link>
<description><![CDATA[]]></description>
<pubDate>Thu, 22 Dec 2011 11:03:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/111222cghh3406/</guid>
</item>
<item>
<title><![CDATA[News - Chaarat Gold issues share options to directors ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/37993/chaarat-gold-issues-share-options-to-directors-37993.html</link>
<description><![CDATA[<p>AIM quoted mine developer <a href="http://www.proactiveinvestors.co.uk/companies/overview/322/Chaarat+Gold" class="companyPopupTrigger" rel="322">Chaarat Gold</a> today announced that it has issued around 3.5 million share options to directors and employees.</p>
<p>The options are exercisable between one and eight years from now and they can be exercised at a price of 27p.</p>
<p>Chief executive Dekel Golan was granted around 900,000 options, while finance director Linda Naylor and non executive director Alex Novak were issued 555,556 and 500,000 respectively. </p>
<p>Also chairman Christopher Palmer-Tomkinson and non executive director Rob Weinberg were each granted around 100,000 options each. Then a further 1.5 million options were given to other employees.</p>
<p>Chaarat is currently developing the Tulkubash open pit and the underground Kiziltash mines in the Tien Shan mountains in the Kyrgyz Republic.</p>
<p> </p> ]]></description>
<pubDate>Thu, 22 Dec 2011 08:22:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/37993/chaarat-gold-issues-share-options-to-directors-37993.html</guid>
</item>
<item>
<title><![CDATA[RNS press release - Chaarat Gold Holdings Ltd : Director/PDMR Sharehol ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/111219cghh2360/</link>
<description><![CDATA[]]></description>
<pubDate>Mon, 19 Dec 2011 12:40:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/111219cghh2360/</guid>
</item>
<item>
<title><![CDATA[News - Chaarat Gold’s Tulkubash project on target to start production in 2013 ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/36656/chaarat-golds-tulkubash-project-on-target-to-start-production-in-2013-36656.html</link>
<description><![CDATA[<p>Kyrgyzstan-focused <a href="http://www.proactiveinvestors.co.uk/companies/overview/322/Chaarat+Gold" class="companyPopupTrigger" rel="322">Chaarat Gold</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/322/chaarat-gold-0322.html" class="companyPopupTrigger" rel="322">LON:CGH</a>) reported this morning that its Tulkubash project is on target for production in 2013 and that its gold resource there has been increased by 56 per cent to 501,000 ounces at 2.92 grams per tonne.</p>
<p>Chaarat, whose projects are located on the highly-prospective Tien Shan Gold Belt area of Central Asia, added that significant potential to further upgrade its resource and reserve at Tulkubash had been identified.</p>
<p>Chaarat said that during the 2011 exploration season work was focused on improving the resource and generating reserves from the “open pittable” section of the Central Tulkubash section of the ore body, yielding encouraging results.<br /><br />According to the firm, this work helped improve its understanding of the Tulkubash project to the extent that it now believes that the resource may have the capability of supporting production at a rate of 2,500 tonnes per day.</p>
<p>A total of 15,413 metres of drilling generated an open pittable resource of 404,000 ounces (from a total of 501,000 ounces) at a grade of 2.92 grams per tonne. Chaarat said that further drill results to the south and north of the zone indicate that the reserve can be increased significantly.</p>
<p>Meanwhile, the firm is waiting on approval of to convert the Tulkubash permit to a mining permit after submitting a report that shows it has defined sufficient reserves to justify its grant.<br /><br />After the grant of the mining permit, Chaarat will be required to prepare a detailed preliminary project design, and the firm is already working on this. In the absence of unforeseen delays, said Chaarat, it expects permitting will be complete in time for it to begin production in the second quarter of 2013.</p> ]]></description>
<pubDate>Wed, 07 Dec 2011 07:29:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/36656/chaarat-golds-tulkubash-project-on-target-to-start-production-in-2013-36656.html</guid>
</item>
<item>
<title><![CDATA[RNS press release - Chaarat Gold Holdings Ltd: Tulkubash project updat ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/111207cghh9574/</link>
<description><![CDATA[]]></description>
<pubDate>Wed, 07 Dec 2011 07:00:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/111207cghh9574/</guid>
</item>
<item>
<title><![CDATA[News - Chaarat Gold: Frontier gold explorer on track to produce 200,000 ounces per annum by 2015 ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/36518/chaarat-gold-frontier-gold-explorer-on-track-to-produce-200000-ounces-per-annum-by-2015--36518.html</link>
<description><![CDATA[<p>Kyrgyzstan is already a significant exporter of gold thanks to the country’s Kumtor mine, which after 16 years in operation has produced several million ounces of gold. Chaarat believes it has an opportunity to duplicate that success</p>]]></description>
<pubDate>Mon, 05 Dec 2011 10:36:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/36518/chaarat-gold-frontier-gold-explorer-on-track-to-produce-200000-ounces-per-annum-by-2015--36518.html</guid>
</item>
<item>
<title><![CDATA[News - UPDATE: Chaarat upbeat over Tulkubash extension drilling ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/35959/update-chaarat-upbeat-over-tulkubash-extension-drilling-35959.html</link>
<description><![CDATA[<p><strong>---Adds broker comments and share price --- </strong></p>
<p><a href="http://proactiveinvestors.co.uk/companies/overview/322/Chaarat+Gold" class="companyPopupTrigger" rel="322">Chaarat Gold</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/322/chaarat-gold-0322.html" class="companyPopupTrigger" rel="322">LON:CGH</a>) has reported a positive result from its ongoing drilling programme in the Tulkubash Project in north western Kyrgyzstan. <br /><br />The Kyrgyz - focused gold group said its Tulkubash mineralisation had extended from a previous strike of 360 metres to 920 metres and is still open towards the northeast. <br /><br />Dekel Golan, chief executive, said the group was “very encouraged” by the results as they demonstrated the significant extension, potential and actual, of the Tulkubash zone.<br /><br />“The prospect of extended strike, as well as improved predictability and continuity, which is effectively confirmed by this drilling, will potentially enable Chaarat to increase production from this low cost ore body and further improve its profit potential for the early years of operation,” he added.<br /><br />Chaarat said that 19 out of 20 holes drilled in the north west extension and 9 holes in the south eastern extension intersected mineralisation at the predicted depth. The range of results included 6.25m at 8.58 g/t gold and 11.25m at 8.21 g/t gold at the top end to 11.25m at 2.19 g/t gold.<br /><br />Mr Golan added: “We are confident that the scenario should improve further with drilling along strike, especially to the north east of the zone; drilling which will commence during the spring of next year. An updated resource and reserve estimate based on the 2011 drilling will be released early in 2012."<br /><br />A previous resource estimate based on 2010 drilling showed indicated and inferred resources of 321,000 ounces at a grade of 4.00 g/t in a portion of the Tulkubash zone. The Tulkubash Zone is one of three major zones of mineralisation within the <a href="http://proactiveinvestors.co.uk/companies/overview/322/Chaarat+Gold" class="companyPopupTrigger" rel="322">Chaarat Gold</a> Project.<br /><br />Following the update, analyst Yuen Low of broker Shore Capital, highlighted that an updated resource and reserve estimate was expected in early 2012. <br /><br />"The extended strike should have a positive impact on project economics. Although too early to quantify, we expect a positive impact on the share price," he said.<br /><br />As at 2.52 pm, the firm's shares were up 2.88 per cent, to trade at 26.75 pence.</p> ]]></description>
<pubDate>Tue, 22 Nov 2011 15:04:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/35959/update-chaarat-upbeat-over-tulkubash-extension-drilling-35959.html</guid>
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<title><![CDATA[News - Chaarat upbeat over Tulkubash extension drilling ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/35935/chaarat-upbeat-over-tulkubash-extension-drilling-35935.html</link>
<description><![CDATA[<p><a href="http://www.proactiveinvestors.co.uk/companies/overview/322/Chaarat+Gold" class="companyPopupTrigger" rel="322">Chaarat Gold</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/322/chaarat-gold-0322.html" class="companyPopupTrigger" rel="322">LON:CGH</a>) has reported a positive result from its ongoing drilling programme in the Tulkubash Project in north western Kyrgyzstan. </p>
<p>The Kyrgyz - focused gold group said its Tulkubash mineralisation had extended from a previous strike of 360 metres to 920 metres and is still open towards the northeast. </p>
<p>Dekel Golan, chief executive, said the group was “very encouraged” by the results as they demonstrated the significant extension, potential and actual, of the Tulkubash zone.</p>
<p>“The prospect of extended strike, as well as improved predictability and continuity, which is effectively confirmed by this drilling, will potentially enable Chaarat to increase production from this low cost ore body and further improve its profit potential for the early years of operation,” he added.</p>
<p>Chaarat said that 19 out of 20 holes drilled in the north west extension and 9 holes in the south eastern extension intersected mineralisation at the predicted depth. The range of results included 6.25m at 8.58 g/t and 11.25m at 8.21 g/t at the top end to 11.25m at 2.19 g/t.</p>
<p>Mr Golan added: “We are confident that the scenario should improve further with drilling along strike, especially to the north east of the zone; drilling which will commence during the spring of next year. An updated resource and reserve estimate based on the 2011 drilling will be released early in 2012."</p>
<p>A previous resource estimate based on 2010 drilling showed indicated and inferred resources of 321,000 ounces at a grade of 4.00 g/t in a portion of the Tulkubash zone. The Tulkubash Zone is one of three major zones of mineralisation within the <a href="http://www.proactiveinvestors.co.uk/companies/overview/322/Chaarat+Gold" class="companyPopupTrigger" rel="322">Chaarat Gold</a> Project.</p> ]]></description>
<pubDate>Tue, 22 Nov 2011 07:47:00 +0000</pubDate>
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<title><![CDATA[RNS press release - Chaarat Gold Holdings Ltd: Tulkubash drilling upda ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/111122cghh5509/</link>
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<pubDate>Tue, 22 Nov 2011 07:00:00 +0000</pubDate>
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<description><![CDATA[22.11.11: +0.75, (26.75) Press: Chaarat Gold rose after a drilling update from its Tulkubash Project. The company revealed an extended strike of 920 metres ? nearly trebling from 360 metres ? and said it expected further improvements when drilling commences in spring 2012. Source - Financial Times]]></description>
<pubDate>Tue, 22 Nov 2011 00:00:00 +0000</pubDate>
<guid></guid>
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<title><![CDATA[News - Chaarat Gold chairman Palmer-Tomkinson buys company shares ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/34722/chaarat-gold-chairman-palmer-tomkinson-buys-company-shares-34722.html</link>
<description><![CDATA[<p>
<p>Chaarat Gold (<a href="/companies/overview/322/chaarat-gold-0322.html">LON:CGH</a>) this afternoon told investors that its chairman Christopher Palmer-Tomkinson has increased his stake in the company by acquiring an additional 100,000 shares.<br /><br />Palmer-Tomkinson bought through separate deals shares on Friday and today. He paid an average price of 27p a share.<br /><br />The chairman now owns 10.1 million shares, which represents around 4 per cent of the company.<br /><br />Last month, the Kyrgyzstan-focused firm revealed its half year results, saying it had made steady progress in its bid to begin production late next year or early in 2013.<br /><br />Its flagship Chaarat project is split between two main deposits - the Kiziltash underground mine (also referred to as the ‘contact zone’), and the Tulkubash open-pit project.<br /><br />The project contains 4.736 million ounces of gold in total indicated and inferred resources and the firm aims to become a low cost gold producer - with first production coming from the Tulkubash project.<br /><br />When the Kiziltash project comes on stream too, the company is targeting combined annual production of more than 200,000 ounces per year.</p>
</p>]]></description>
<pubDate>Mon, 24 Oct 2011 15:05:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/34722/chaarat-gold-chairman-palmer-tomkinson-buys-company-shares-34722.html</guid>
</item>
<item>
<title><![CDATA[RNS press release - Chaarat Gold Holdings Ltd : Director/PDMR Sharehol ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/111024h7347/</link>
<description><![CDATA[]]></description>
<pubDate>Mon, 24 Oct 2011 14:39:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/111024h7347/</guid>
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<title><![CDATA[News - Chaarat Gold: CNMIM representatives resign from board after its stake falls below ten per cent ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/34439/chaarat-gold-cnmim-representatives-resign-from-board-after-its-stake-falls-below-ten-per-cent-34439.html</link>
<description><![CDATA[<p>Chaarat Gold (<a href="http://www.proactiveinvestors.co.uk/companies/overview/322/chaarat-gold-0322.html"></a><a href="http://www.proactiveinvestors.co.uk/companies/overview/322/chaarat-gold-0322.html"><a href="/companies/overview/322/chaarat-gold-0322.html">LON:CGH</a></a>) has revealed that David Tang and Luo Tang - the representatives of China Nonferrous Metals and Mining Co Ltd (CNMIM) - have stepped down from the board.<br /><br />CNMIM was entitled to appoint two directors to Chaarat's board under an agreement in 2009 as long as its stake in the firm stood at or above 10 percent. <br /> <br />Chaarat said today that following the placing completed in March this year, CNMIM's holding was diluted to below 9 per cent.<br /><br />The company said today that its management and CNMIM would continue to work together and that despite the resignations, CNMIM had said all options in respect of its holding in the company and participation in the project remained open.<br /><br />Lang and Tao resigned as non-executive directors of Chaarat's board on October 14.<br /><br />Chaarat's chairman Christopher Palmer-Tomkinson said: "We wish to thank David Tang and Luo Tao for their valuable contribution to Chaarat's development. <br /><br />"We are delighted that we will continue to work together as we move towards production."<br /><br />Last month, the Kyrgyzstan-focused firm revealed its half year results, saying it had made steady progress in its bid to begin production late next year or early in 2013.<br /><br />Its flagship Chaarat project is split between two main deposits - the Kiziltash underground mine (also referred to as the ‘contact zone’), and the Tulkubash open-pit project.<br /><br />The project contains 4.736 million ounces of gold in total indicated and inferred resources and the firm aims to become a low cost gold producer - with first production coming from the Tulkubash project.<br /><br />When the Kiziltash project comes on stream too, the company is targeting combined annual production of more than 200,000 ounces per year.</p>]]></description>
<pubDate>Mon, 17 Oct 2011 11:00:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/34439/chaarat-gold-cnmim-representatives-resign-from-board-after-its-stake-falls-below-ten-per-cent-34439.html</guid>
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<title><![CDATA[Media files - Chaarat Gold CEO looks to a long term stabilisation plan agreed with the govt ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/stocktube/1163/chaarat-gold-ceo-looks-to-a-long-term-stabilisation-plan-agreed-with-the-govt-1163.html</link>
<description><![CDATA[Dekel Golan, CEO at Chaarat Gold (<a href="/companies/overview/322/chaarat-gold-0322.html" class="companyPopupTrigger" rel="322">LON:CGH</a>), talks to Proactiveinvestors about the negotiations that the company is having with the Kyrgyz Republic. Dekel says that he expects a long term stabilisation plan being agreed on with the government in return for a equity position. This, Dekel says, is a very big deal because it takes away a large part of the uncertainty which is embedded in every mining project.]]></description>
<pubDate>Mon, 21 May 2012 09:56:00 +0100</pubDate>
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<title><![CDATA[News - Chaarat Gold enters talks with Kyrgyz govt over potential changes to fiscal regime ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/41490/chaarat-gold-enters-talks-with-kyrgyz-govt-over-potential-changes-to-fiscal-regime-41490.html</link>
<description><![CDATA[<p>
<p><a href="http://www.proactiveinvestors.co.uk/companies/overview/322/Chaarat+Gold" class="companyPopupTrigger" rel="322">Chaarat Gold</a> (<a href="/companies/overview/322/chaarat-gold-0322.html" class="companyPopupTrigger" rel="322">LON:CGH</a>) today told investors that parts the Tulkubash development programme have been put on hold as it enters talks with the government of the Kyrgyz Republic.</p>
<p>The firm believes that the mine development programme will take place ‘only a few months’ later than planned. And the project will still start gold production next year, it says.</p>
<p>The talks come as the Kyrgyz Republic put the fiscal regime governing mining companies under review. And Chaarat says it is aware that the fiscal regime is likely to change.</p>
<p>So to mitigate any uncertainty concerning the impact on the Chaarat project, comprising the proposed Tulkubash and Kiziltash mines, direct negotiations are being held. </p>
<p>Chaarat said it aims to establish a mutually agreed Investment Agreement which would secure long term stability for the project. This would include a ‘stabilisation clause’ protecting the company from changes to taxation, ownership structure and royalties, it added.</p>
<p>The government supports this approach and the company believes it is the most responsible way to ensure ‘economic predictability’, Chaarat explained.</p>
<p>Permitting activities will continue in the meantime and they will not be interrupted by the negotiations.</p>
<p>"Many countries have recently changed their mining fiscal regime and others are likely to follow,” said chief executive Dekel Golan. </p>
<p>“This situation creates uncertainty which makes financial planning harder, especially for junior companies.</p>
<p>"The Board of Chaarat is taking a proactive approach and is entering into negotiations with the Kyrgyz Government with a view to establishing an agreement in law that is both satisfactory for the Government and provides greater certainty over the financial planning horizon for the company.”</p>
<p>He adds: “We have confidence that these discussions will yield a positive long term benefit for shareholders.”</p>
<p>The company also said today that it is satisfied that the Tulkubash mine development budget remains adequate and it has completed the design and engineering part of the project.</p>
<p>The firm also says that an option to upgrade the design so that output capacity is doubled would be viable and within budget. And it is currently considering this option.</p>
<p>It said it would use the ‘suspension period’ to attempt to increase the Tulkubash reserves with further drilling. The drill results would be used to complete a definitive feasibility study based on the higher production rate.</p>
<p>Chaarat says it will seek additional investment to help it achieve this higher production rate as well as source a lower power source, which would in both cases improve the projects economics and value.</p>
<p>It said that a number of funding options are available to it. And any equity based funding would only be considered if the funding price is at least equal the 50p price it raised £51 million at last March, Chaarat added.</p>
</p> ]]></description>
<pubDate>Mon, 16 Apr 2012 08:07:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/41490/chaarat-gold-enters-talks-with-kyrgyz-govt-over-potential-changes-to-fiscal-regime-41490.html</guid>
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<title><![CDATA[RNS press release - Chaarat Gold Holdings Ltd : Update on the Developm ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120416cghh2543/</link>
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<pubDate>Mon, 16 Apr 2012 07:02:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120416cghh2543/</guid>
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<description><![CDATA[16.04.12: -4.00, (22.75) Press: Chaarat fell after announcing that it was in negotiations with the government of the Kyrgyz Republic. The fiscal regime governing mining companies in the country is under review by the newly formed government, and is likely to change. Pending negotiations with the government, further capital investment activities at its Tulkubash Project will be suspended until agreement is reached. Source - Mail]]></description>
<pubDate>Mon, 16 Apr 2012 00:00:00 +0100</pubDate>
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<title><![CDATA[News - Chaarat Gold: Total resources increase 27 pct to 5.59 mln ounces ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/39760/chaarat-gold-total-resources-increase-27-pct-to-559-mln-ounces--39760.html</link>
<description><![CDATA[<p><a href="http://www.proactiveinvestors.co.uk/companies/overview/322/Chaarat+Gold" class="companyPopupTrigger" rel="322">Chaarat Gold</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/322/chaarat-gold-0322.html" class="companyPopupTrigger" rel="322">LON:CGH</a>) today unveiled a new resource estimate for its flagship project in the Kyrgyz Republic.</p>
<p>The Chaarat resource has increased by 27 per cent to 5.59 million ounces of gold.</p>
<p>The upgrade is based on the findings of last year’s drill programme which tested the group’s three main project areas - the Tulkubash pit area, and the Contact and Main underground project areas.</p>
<p>Tulkbash will be the first part of the Chaarat project to come online, with mining starting up this summer and production following next year once the processing plant is complete. </p>
<p>Today’s resource update saw the Tulkubash resource grow 56 per cent to 501,000 ounces, from 321,000.</p>
<p>Chief executive Dekel Golan said: "2011 was another excellent year during which we added over a million ounces of gold to our resource. </p>
<p>“I believe that the tremendous potential of Chaarat is being demonstrated by successful, rigorous exploration activity and the development of the infrastructure needed to support a large-scale operation.”</p>
<p>He adds: “The significantly improved political climate in the Kyrgyz Republic is giving a welcome added impetus to our operations during this development phase, whilst the Tulkubash Project, the non-refractory section of the deposit, is being fast tracked to development in order to stimulate early cash flow for the company. </p>
<p>“These are exciting times for us at Chaarat."</p>
<p>Last year, Chaarat carried out a total of around 29,000 metres of drilling in 171 new drill holes.</p>
<p>As well as increasing the non-refractory resource, at Tulkubash, the company also increased the resources in the two underground refractory resources – Contact and Main.</p>
<p>In total the refractory resource increased 25 per cent to 5.09 million ounces of gold.</p>
<p>The ‘Contact’ resource increased 39 per cent from last year and it is now estimated to contain 2.78 million ounces of gold, while the resource at the ‘Main’ area increased 17 per cent to 1.51 million ounces.</p>
<p>Chaarat said that it expects the size of the ‘Main’ deposit to increase significantly in the future, once it has carried out underground drilling.</p>
<p> </p> ]]></description>
<pubDate>Mon, 05 Mar 2012 07:50:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/39760/chaarat-gold-total-resources-increase-27-pct-to-559-mln-ounces--39760.html</guid>
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<title><![CDATA[RNS press release - Chaarat Gold Holdings Ltd : Resource Update ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120305cghh1148/</link>
<description><![CDATA[]]></description>
<pubDate>Mon, 05 Mar 2012 07:00:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120305cghh1148/</guid>
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<title><![CDATA[RNS press release - Chaarat Gold Holdings Ltd : Change of Adviser ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120119cghh8534/</link>
<description><![CDATA[]]></description>
<pubDate>Thu, 19 Jan 2012 07:00:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120119cghh8534/</guid>
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<title><![CDATA[RNS press release - Chaarat Gold Holdings Ltd: Issue of Share Options ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/111222cghh3406/</link>
<description><![CDATA[]]></description>
<pubDate>Thu, 22 Dec 2011 11:03:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/111222cghh3406/</guid>
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<title><![CDATA[News - Chaarat Gold issues share options to directors ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/37993/chaarat-gold-issues-share-options-to-directors-37993.html</link>
<description><![CDATA[<p>AIM quoted mine developer <a href="http://www.proactiveinvestors.co.uk/companies/overview/322/Chaarat+Gold" class="companyPopupTrigger" rel="322">Chaarat Gold</a> today announced that it has issued around 3.5 million share options to directors and employees.</p>
<p>The options are exercisable between one and eight years from now and they can be exercised at a price of 27p.</p>
<p>Chief executive Dekel Golan was granted around 900,000 options, while finance director Linda Naylor and non executive director Alex Novak were issued 555,556 and 500,000 respectively. </p>
<p>Also chairman Christopher Palmer-Tomkinson and non executive director Rob Weinberg were each granted around 100,000 options each. Then a further 1.5 million options were given to other employees.</p>
<p>Chaarat is currently developing the Tulkubash open pit and the underground Kiziltash mines in the Tien Shan mountains in the Kyrgyz Republic.</p>
<p> </p> ]]></description>
<pubDate>Thu, 22 Dec 2011 08:22:00 +0000</pubDate>
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<title><![CDATA[RNS press release - Chaarat Gold Holdings Ltd : Director/PDMR Sharehol ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/111219cghh2360/</link>
<description><![CDATA[]]></description>
<pubDate>Mon, 19 Dec 2011 12:40:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/111219cghh2360/</guid>
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<title><![CDATA[News - Chaarat Gold’s Tulkubash project on target to start production in 2013 ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/36656/chaarat-golds-tulkubash-project-on-target-to-start-production-in-2013-36656.html</link>
<description><![CDATA[<p>Kyrgyzstan-focused <a href="http://www.proactiveinvestors.co.uk/companies/overview/322/Chaarat+Gold" class="companyPopupTrigger" rel="322">Chaarat Gold</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/322/chaarat-gold-0322.html" class="companyPopupTrigger" rel="322">LON:CGH</a>) reported this morning that its Tulkubash project is on target for production in 2013 and that its gold resource there has been increased by 56 per cent to 501,000 ounces at 2.92 grams per tonne.</p>
<p>Chaarat, whose projects are located on the highly-prospective Tien Shan Gold Belt area of Central Asia, added that significant potential to further upgrade its resource and reserve at Tulkubash had been identified.</p>
<p>Chaarat said that during the 2011 exploration season work was focused on improving the resource and generating reserves from the “open pittable” section of the Central Tulkubash section of the ore body, yielding encouraging results.<br /><br />According to the firm, this work helped improve its understanding of the Tulkubash project to the extent that it now believes that the resource may have the capability of supporting production at a rate of 2,500 tonnes per day.</p>
<p>A total of 15,413 metres of drilling generated an open pittable resource of 404,000 ounces (from a total of 501,000 ounces) at a grade of 2.92 grams per tonne. Chaarat said that further drill results to the south and north of the zone indicate that the reserve can be increased significantly.</p>
<p>Meanwhile, the firm is waiting on approval of to convert the Tulkubash permit to a mining permit after submitting a report that shows it has defined sufficient reserves to justify its grant.<br /><br />After the grant of the mining permit, Chaarat will be required to prepare a detailed preliminary project design, and the firm is already working on this. In the absence of unforeseen delays, said Chaarat, it expects permitting will be complete in time for it to begin production in the second quarter of 2013.</p> ]]></description>
<pubDate>Wed, 07 Dec 2011 07:29:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/36656/chaarat-golds-tulkubash-project-on-target-to-start-production-in-2013-36656.html</guid>
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<title><![CDATA[RNS press release - Chaarat Gold Holdings Ltd: Tulkubash project updat ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/111207cghh9574/</link>
<description><![CDATA[]]></description>
<pubDate>Wed, 07 Dec 2011 07:00:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/111207cghh9574/</guid>
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<item>
<title><![CDATA[News - Chaarat Gold: Frontier gold explorer on track to produce 200,000 ounces per annum by 2015 ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/36518/chaarat-gold-frontier-gold-explorer-on-track-to-produce-200000-ounces-per-annum-by-2015--36518.html</link>
<description><![CDATA[<p>Kyrgyzstan is already a significant exporter of gold thanks to the country’s Kumtor mine, which after 16 years in operation has produced several million ounces of gold. Chaarat believes it has an opportunity to duplicate that success</p>]]></description>
<pubDate>Mon, 05 Dec 2011 10:36:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/36518/chaarat-gold-frontier-gold-explorer-on-track-to-produce-200000-ounces-per-annum-by-2015--36518.html</guid>
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<title><![CDATA[News - UPDATE: Chaarat upbeat over Tulkubash extension drilling ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/35959/update-chaarat-upbeat-over-tulkubash-extension-drilling-35959.html</link>
<description><![CDATA[<p><strong>---Adds broker comments and share price --- </strong></p>
<p><a href="http://proactiveinvestors.co.uk/companies/overview/322/Chaarat+Gold" class="companyPopupTrigger" rel="322">Chaarat Gold</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/322/chaarat-gold-0322.html" class="companyPopupTrigger" rel="322">LON:CGH</a>) has reported a positive result from its ongoing drilling programme in the Tulkubash Project in north western Kyrgyzstan. <br /><br />The Kyrgyz - focused gold group said its Tulkubash mineralisation had extended from a previous strike of 360 metres to 920 metres and is still open towards the northeast. <br /><br />Dekel Golan, chief executive, said the group was “very encouraged” by the results as they demonstrated the significant extension, potential and actual, of the Tulkubash zone.<br /><br />“The prospect of extended strike, as well as improved predictability and continuity, which is effectively confirmed by this drilling, will potentially enable Chaarat to increase production from this low cost ore body and further improve its profit potential for the early years of operation,” he added.<br /><br />Chaarat said that 19 out of 20 holes drilled in the north west extension and 9 holes in the south eastern extension intersected mineralisation at the predicted depth. The range of results included 6.25m at 8.58 g/t gold and 11.25m at 8.21 g/t gold at the top end to 11.25m at 2.19 g/t gold.<br /><br />Mr Golan added: “We are confident that the scenario should improve further with drilling along strike, especially to the north east of the zone; drilling which will commence during the spring of next year. An updated resource and reserve estimate based on the 2011 drilling will be released early in 2012."<br /><br />A previous resource estimate based on 2010 drilling showed indicated and inferred resources of 321,000 ounces at a grade of 4.00 g/t in a portion of the Tulkubash zone. The Tulkubash Zone is one of three major zones of mineralisation within the <a href="http://proactiveinvestors.co.uk/companies/overview/322/Chaarat+Gold" class="companyPopupTrigger" rel="322">Chaarat Gold</a> Project.<br /><br />Following the update, analyst Yuen Low of broker Shore Capital, highlighted that an updated resource and reserve estimate was expected in early 2012. <br /><br />"The extended strike should have a positive impact on project economics. Although too early to quantify, we expect a positive impact on the share price," he said.<br /><br />As at 2.52 pm, the firm's shares were up 2.88 per cent, to trade at 26.75 pence.</p> ]]></description>
<pubDate>Tue, 22 Nov 2011 15:04:00 +0000</pubDate>
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<title><![CDATA[News - Chaarat upbeat over Tulkubash extension drilling ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/35935/chaarat-upbeat-over-tulkubash-extension-drilling-35935.html</link>
<description><![CDATA[<p><a href="http://www.proactiveinvestors.co.uk/companies/overview/322/Chaarat+Gold" class="companyPopupTrigger" rel="322">Chaarat Gold</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/322/chaarat-gold-0322.html" class="companyPopupTrigger" rel="322">LON:CGH</a>) has reported a positive result from its ongoing drilling programme in the Tulkubash Project in north western Kyrgyzstan. </p>
<p>The Kyrgyz - focused gold group said its Tulkubash mineralisation had extended from a previous strike of 360 metres to 920 metres and is still open towards the northeast. </p>
<p>Dekel Golan, chief executive, said the group was “very encouraged” by the results as they demonstrated the significant extension, potential and actual, of the Tulkubash zone.</p>
<p>“The prospect of extended strike, as well as improved predictability and continuity, which is effectively confirmed by this drilling, will potentially enable Chaarat to increase production from this low cost ore body and further improve its profit potential for the early years of operation,” he added.</p>
<p>Chaarat said that 19 out of 20 holes drilled in the north west extension and 9 holes in the south eastern extension intersected mineralisation at the predicted depth. The range of results included 6.25m at 8.58 g/t and 11.25m at 8.21 g/t at the top end to 11.25m at 2.19 g/t.</p>
<p>Mr Golan added: “We are confident that the scenario should improve further with drilling along strike, especially to the north east of the zone; drilling which will commence during the spring of next year. An updated resource and reserve estimate based on the 2011 drilling will be released early in 2012."</p>
<p>A previous resource estimate based on 2010 drilling showed indicated and inferred resources of 321,000 ounces at a grade of 4.00 g/t in a portion of the Tulkubash zone. The Tulkubash Zone is one of three major zones of mineralisation within the <a href="http://www.proactiveinvestors.co.uk/companies/overview/322/Chaarat+Gold" class="companyPopupTrigger" rel="322">Chaarat Gold</a> Project.</p> ]]></description>
<pubDate>Tue, 22 Nov 2011 07:47:00 +0000</pubDate>
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<title><![CDATA[RNS press release - Chaarat Gold Holdings Ltd: Tulkubash drilling upda ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/111122cghh5509/</link>
<description><![CDATA[]]></description>
<pubDate>Tue, 22 Nov 2011 07:00:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/111122cghh5509/</guid>
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<title><![CDATA[Broker press ]]></title>
<link></link>
<description><![CDATA[22.11.11: +0.75, (26.75) Press: Chaarat Gold rose after a drilling update from its Tulkubash Project. The company revealed an extended strike of 920 metres ? nearly trebling from 360 metres ? and said it expected further improvements when drilling commences in spring 2012. Source - Financial Times]]></description>
<pubDate>Tue, 22 Nov 2011 00:00:00 +0000</pubDate>
<guid></guid>
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<item>
<title><![CDATA[News - Chaarat Gold chairman Palmer-Tomkinson buys company shares ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/34722/chaarat-gold-chairman-palmer-tomkinson-buys-company-shares-34722.html</link>
<description><![CDATA[<p>
<p>Chaarat Gold (<a href="/companies/overview/322/chaarat-gold-0322.html">LON:CGH</a>) this afternoon told investors that its chairman Christopher Palmer-Tomkinson has increased his stake in the company by acquiring an additional 100,000 shares.<br /><br />Palmer-Tomkinson bought through separate deals shares on Friday and today. He paid an average price of 27p a share.<br /><br />The chairman now owns 10.1 million shares, which represents around 4 per cent of the company.<br /><br />Last month, the Kyrgyzstan-focused firm revealed its half year results, saying it had made steady progress in its bid to begin production late next year or early in 2013.<br /><br />Its flagship Chaarat project is split between two main deposits - the Kiziltash underground mine (also referred to as the ‘contact zone’), and the Tulkubash open-pit project.<br /><br />The project contains 4.736 million ounces of gold in total indicated and inferred resources and the firm aims to become a low cost gold producer - with first production coming from the Tulkubash project.<br /><br />When the Kiziltash project comes on stream too, the company is targeting combined annual production of more than 200,000 ounces per year.</p>
</p>]]></description>
<pubDate>Mon, 24 Oct 2011 15:05:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/34722/chaarat-gold-chairman-palmer-tomkinson-buys-company-shares-34722.html</guid>
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<title><![CDATA[RNS press release - Chaarat Gold Holdings Ltd : Director/PDMR Sharehol ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/111024h7347/</link>
<description><![CDATA[]]></description>
<pubDate>Mon, 24 Oct 2011 14:39:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/111024h7347/</guid>
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<title><![CDATA[News - Chaarat Gold: CNMIM representatives resign from board after its stake falls below ten per cent ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/34439/chaarat-gold-cnmim-representatives-resign-from-board-after-its-stake-falls-below-ten-per-cent-34439.html</link>
<description><![CDATA[<p>Chaarat Gold (<a href="http://www.proactiveinvestors.co.uk/companies/overview/322/chaarat-gold-0322.html"></a><a href="http://www.proactiveinvestors.co.uk/companies/overview/322/chaarat-gold-0322.html"><a href="/companies/overview/322/chaarat-gold-0322.html">LON:CGH</a></a>) has revealed that David Tang and Luo Tang - the representatives of China Nonferrous Metals and Mining Co Ltd (CNMIM) - have stepped down from the board.<br /><br />CNMIM was entitled to appoint two directors to Chaarat's board under an agreement in 2009 as long as its stake in the firm stood at or above 10 percent. <br /> <br />Chaarat said today that following the placing completed in March this year, CNMIM's holding was diluted to below 9 per cent.<br /><br />The company said today that its management and CNMIM would continue to work together and that despite the resignations, CNMIM had said all options in respect of its holding in the company and participation in the project remained open.<br /><br />Lang and Tao resigned as non-executive directors of Chaarat's board on October 14.<br /><br />Chaarat's chairman Christopher Palmer-Tomkinson said: "We wish to thank David Tang and Luo Tao for their valuable contribution to Chaarat's development. <br /><br />"We are delighted that we will continue to work together as we move towards production."<br /><br />Last month, the Kyrgyzstan-focused firm revealed its half year results, saying it had made steady progress in its bid to begin production late next year or early in 2013.<br /><br />Its flagship Chaarat project is split between two main deposits - the Kiziltash underground mine (also referred to as the ‘contact zone’), and the Tulkubash open-pit project.<br /><br />The project contains 4.736 million ounces of gold in total indicated and inferred resources and the firm aims to become a low cost gold producer - with first production coming from the Tulkubash project.<br /><br />When the Kiziltash project comes on stream too, the company is targeting combined annual production of more than 200,000 ounces per year.</p>]]></description>
<pubDate>Mon, 17 Oct 2011 11:00:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/34439/chaarat-gold-cnmim-representatives-resign-from-board-after-its-stake-falls-below-ten-per-cent-34439.html</guid>
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),
array(
"Brokerpress" => array()
),
array(
"Brokerpress" => array()
),
array(
"Brokerpress" => array()
)
)
$items = array(
array(
"id" => "1163",
"title" => "Media files - Chaarat Gold CEO looks to a long term stabilisation plan agreed with the govt",
"pubdate" => "2012-05-21 09:56:00",
"seftitle" => "chaarat-gold-ceo-looks-to-a-long-term-stabilisation-plan-agreed-with-the-govt-1163.html",
"description" => "Dekel Golan, CEO at Chaarat Gold (<a href="/companies/overview/322/chaarat-gold-0322.html" class="companyPopupTrigger" rel="322">LON:CGH</a>), talks to Proactiveinvestors about the negotiations that the company is having with the Kyrgyz Republic. Dekel says that he expects a long term stabilisation plan being agreed on with the government in return for a equity position. This, Dekel says, is a very big deal because it takes away a large part of the uncertainty which is embedded in every mining project.",
"link" => "http://www.proactiveinvestors.co.uk/companies/stocktube/1163/chaarat-gold-ceo-looks-to-a-long-term-stabilisation-plan-agreed-with-the-govt-1163.html"
),
array(
"id" => "41490",
"title" => "News - Chaarat Gold enters talks with Kyrgyz govt over potential changes to fiscal regime",
"pubdate" => "2012-04-16 08:07:00",
"seftitle" => "chaarat-gold-enters-talks-with-kyrgyz-govt-over-potential-changes-to-fiscal-regime-41490.html",
"description" => "<p>
<p><a href="http://www.proactiveinvestors.co.uk/companies/overview/322/Chaarat+Gold" class="companyPopupTrigger" rel="322">Chaarat Gold</a> (<a href="/companies/overview/322/chaarat-gold-0322.html" class="companyPopupTrigger" rel="322">LON:CGH</a>) today told investors that parts the Tulkubash development programme have been put on hold as it enters talks with the government of the Kyrgyz Republic.</p>
<p>The firm believes that the mine development programme will take place ‘only a few months’ later than planned. And the project will still start gold production next year, it says.</p>
<p>The talks come as the Kyrgyz Republic put the fiscal regime governing mining companies under review. And Chaarat says it is aware that the fiscal regime is likely to change.</p>
<p>So to mitigate any uncertainty concerning the impact on the Chaarat project, comprising the proposed Tulkubash and Kiziltash mines, direct negotiations are being held. </p>
<p>Chaarat said it aims to establish a mutually agreed Investment Agreement which would secure long term stability for the project. This would include a ‘stabilisation clause’ protecting the company from changes to taxation, ownership structure and royalties, it added.</p>
<p>The government supports this approach and the company believes it is the most responsible way to ensure ‘economic predictability’, Chaarat explained.</p>
<p>Permitting activities will continue in the meantime and they will not be interrupted by the negotiations.</p>
<p>"Many countries have recently changed their mining fiscal regime and others are likely to follow,” said chief executive Dekel Golan. </p>
<p>“This situation creates uncertainty which makes financial planning harder, especially for junior companies.</p>
<p>"The Board of Chaarat is taking a proactive approach and is entering into negotiations with the Kyrgyz Government with a view to establishing an agreement in law that is both satisfactory for the Government and provides greater certainty over the financial planning horizon for the company.”</p>
<p>He adds: “We have confidence that these discussions will yield a positive long term benefit for shareholders.”</p>
<p>The company also said today that it is satisfied that the Tulkubash mine development budget remains adequate and it has completed the design and engineering part of the project.</p>
<p>The firm also says that an option to upgrade the design so that output capacity is doubled would be viable and within budget. And it is currently considering this option.</p>
<p>It said it would use the ‘suspension period’ to attempt to increase the Tulkubash reserves with further drilling. The drill results would be used to complete a definitive feasibility study based on the higher production rate.</p>
<p>Chaarat says it will seek additional investment to help it achieve this higher production rate as well as source a lower power source, which would in both cases improve the projects economics and value.</p>
<p>It said that a number of funding options are available to it. And any equity based funding would only be considered if the funding price is at least equal the 50p price it raised £51 million at last March, Chaarat added.</p>
</p> ",
"link" => "http://www.proactiveinvestors.co.uk/companies/news/41490/chaarat-gold-enters-talks-with-kyrgyz-govt-over-potential-changes-to-fiscal-regime-41490.html"
),
array(
"id" => "120416cghh2543",
"title" => "RNS press release - Chaarat Gold Holdings Ltd : Update on the Developm",
"pubdate" => "2012-04-16 07:02:00",
"seftitle" => "",
"description" => "",
"link" => "http://www.proactiveinvestors.co.uk/companies/rns/120416cghh2543/"
),
array(
"id" => "",
"title" => "Broker press",
"pubdate" => "2012-04-16 00:00:00",
"seftitle" => "",
"description" => "16.04.12: -4.00, (22.75) Press: Chaarat fell after announcing that it was in negotiations with the government of the Kyrgyz Republic. The fiscal regime governing mining companies in the country is under review by the newly formed government, and is likely to change. Pending negotiations with the government, further capital investment activities at its Tulkubash Project will be suspended until agreement is reached. Source - Mail",
"link" => ""
),
array(
"id" => "39760",
"title" => "News - Chaarat Gold: Total resources increase 27 pct to 5.59 mln ounces ",
"pubdate" => "2012-03-05 07:50:00",
"seftitle" => "chaarat-gold-total-resources-increase-27-pct-to-559-mln-ounces--39760.html",
"description" => "<p><a href="http://www.proactiveinvestors.co.uk/companies/overview/322/Chaarat+Gold" class="companyPopupTrigger" rel="322">Chaarat Gold</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/322/chaarat-gold-0322.html" class="companyPopupTrigger" rel="322">LON:CGH</a>) today unveiled a new resource estimate for its flagship project in the Kyrgyz Republic.</p>
<p>The Chaarat resource has increased by 27 per cent to 5.59 million ounces of gold.</p>
<p>The upgrade is based on the findings of last year’s drill programme which tested the group’s three main project areas - the Tulkubash pit area, and the Contact and Main underground project areas.</p>
<p>Tulkbash will be the first part of the Chaarat project to come online, with mining starting up this summer and production following next year once the processing plant is complete. </p>
<p>Today’s resource update saw the Tulkubash resource grow 56 per cent to 501,000 ounces, from 321,000.</p>
<p>Chief executive Dekel Golan said: "2011 was another excellent year during which we added over a million ounces of gold to our resource. </p>
<p>“I believe that the tremendous potential of Chaarat is being demonstrated by successful, rigorous exploration activity and the development of the infrastructure needed to support a large-scale operation.”</p>
<p>He adds: “The significantly improved political climate in the Kyrgyz Republic is giving a welcome added impetus to our operations during this development phase, whilst the Tulkubash Project, the non-refractory section of the deposit, is being fast tracked to development in order to stimulate early cash flow for the company. </p>
<p>“These are exciting times for us at Chaarat."</p>
<p>Last year, Chaarat carried out a total of around 29,000 metres of drilling in 171 new drill holes.</p>
<p>As well as increasing the non-refractory resource, at Tulkubash, the company also increased the resources in the two underground refractory resources – Contact and Main.</p>
<p>In total the refractory resource increased 25 per cent to 5.09 million ounces of gold.</p>
<p>The ‘Contact’ resource increased 39 per cent from last year and it is now estimated to contain 2.78 million ounces of gold, while the resource at the ‘Main’ area increased 17 per cent to 1.51 million ounces.</p>
<p>Chaarat said that it expects the size of the ‘Main’ deposit to increase significantly in the future, once it has carried out underground drilling.</p>
<p> </p> ",
"link" => "http://www.proactiveinvestors.co.uk/companies/news/39760/chaarat-gold-total-resources-increase-27-pct-to-559-mln-ounces--39760.html"
),
array(
"id" => "120305cghh1148",
"title" => "RNS press release - Chaarat Gold Holdings Ltd : Resource Update",
"pubdate" => "2012-03-05 07:00:00",
"seftitle" => "",
"description" => "",
"link" => "http://www.proactiveinvestors.co.uk/companies/rns/120305cghh1148/"
),
array(
"id" => "120119cghh8534",
"title" => "RNS press release - Chaarat Gold Holdings Ltd : Change of Adviser",
"pubdate" => "2012-01-19 07:00:00",
"seftitle" => "",
"description" => "",
"link" => "http://www.proactiveinvestors.co.uk/companies/rns/120119cghh8534/"
),
array(
"id" => "111222cghh3406",
"title" => "RNS press release - Chaarat Gold Holdings Ltd: Issue of Share Options",
"pubdate" => "2011-12-22 11:03:00",
"seftitle" => "",
"description" => "",
"link" => "http://www.proactiveinvestors.co.uk/companies/rns/111222cghh3406/"
),
array(
"id" => "37993",
"title" => "News - Chaarat Gold issues share options to directors",
"pubdate" => "2011-12-22 08:22:00",
"seftitle" => "chaarat-gold-issues-share-options-to-directors-37993.html",
"description" => "<p>AIM quoted mine developer <a href="http://www.proactiveinvestors.co.uk/companies/overview/322/Chaarat+Gold" class="companyPopupTrigger" rel="322">Chaarat Gold</a> today announced that it has issued around 3.5 million share options to directors and employees.</p>
<p>The options are exercisable between one and eight years from now and they can be exercised at a price of 27p.</p>
<p>Chief executive Dekel Golan was granted around 900,000 options, while finance director Linda Naylor and non executive director Alex Novak were issued 555,556 and 500,000 respectively. </p>
<p>Also chairman Christopher Palmer-Tomkinson and non executive director Rob Weinberg were each granted around 100,000 options each. Then a further 1.5 million options were given to other employees.</p>
<p>Chaarat is currently developing the Tulkubash open pit and the underground Kiziltash mines in the Tien Shan mountains in the Kyrgyz Republic.</p>
<p> </p> ",
"link" => "http://www.proactiveinvestors.co.uk/companies/news/37993/chaarat-gold-issues-share-options-to-directors-37993.html"
),
array(
"id" => "111219cghh2360",
"title" => "RNS press release - Chaarat Gold Holdings Ltd : Director/PDMR Sharehol",
"pubdate" => "2011-12-19 12:40:00",
"seftitle" => "",
"description" => "",
"link" => "http://www.proactiveinvestors.co.uk/companies/rns/111219cghh2360/"
),
array(
"id" => "36656",
"title" => "News - Chaarat Gold’s Tulkubash project on target to start production in 2013",
"pubdate" => "2011-12-07 07:29:00",
"seftitle" => "chaarat-golds-tulkubash-project-on-target-to-start-production-in-2013-36656.html",
"description" => "<p>Kyrgyzstan-focused <a href="http://www.proactiveinvestors.co.uk/companies/overview/322/Chaarat+Gold" class="companyPopupTrigger" rel="322">Chaarat Gold</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/322/chaarat-gold-0322.html" class="companyPopupTrigger" rel="322">LON:CGH</a>) reported this morning that its Tulkubash project is on target for production in 2013 and that its gold resource there has been increased by 56 per cent to 501,000 ounces at 2.92 grams per tonne.</p>
<p>Chaarat, whose projects are located on the highly-prospective Tien Shan Gold Belt area of Central Asia, added that significant potential to further upgrade its resource and reserve at Tulkubash had been identified.</p>
<p>Chaarat said that during the 2011 exploration season work was focused on improving the resource and generating reserves from the “open pittable” section of the Central Tulkubash section of the ore body, yielding encouraging results.<br /><br />According to the firm, this work helped improve its understanding of the Tulkubash project to the extent that it now believes that the resource may have the capability of supporting production at a rate of 2,500 tonnes per day.</p>
<p>A total of 15,413 metres of drilling generated an open pittable resource of 404,000 ounces (from a total of 501,000 ounces) at a grade of 2.92 grams per tonne. Chaarat said that further drill results to the south and north of the zone indicate that the reserve can be increased significantly.</p>
<p>Meanwhile, the firm is waiting on approval of to convert the Tulkubash permit to a mining permit after submitting a report that shows it has defined sufficient reserves to justify its grant.<br /><br />After the grant of the mining permit, Chaarat will be required to prepare a detailed preliminary project design, and the firm is already working on this. In the absence of unforeseen delays, said Chaarat, it expects permitting will be complete in time for it to begin production in the second quarter of 2013.</p> ",
"link" => "http://www.proactiveinvestors.co.uk/companies/news/36656/chaarat-golds-tulkubash-project-on-target-to-start-production-in-2013-36656.html"
),
array(
"id" => "111207cghh9574",
"title" => "RNS press release - Chaarat Gold Holdings Ltd: Tulkubash project updat",
"pubdate" => "2011-12-07 07:00:00",
"seftitle" => "",
"description" => "",
"link" => "http://www.proactiveinvestors.co.uk/companies/rns/111207cghh9574/"
),
array(
"id" => "36518",
"title" => "News - Chaarat Gold: Frontier gold explorer on track to produce 200,000 ounces per annum by 2015 ",
"pubdate" => "2011-12-05 10:36:00",
"seftitle" => "chaarat-gold-frontier-gold-explorer-on-track-to-produce-200000-ounces-per-annum-by-2015--36518.html",
"description" => "<p>Kyrgyzstan is already a significant exporter of gold thanks to the country’s Kumtor mine, which after 16 years in operation has produced several million ounces of gold. Chaarat believes it has an opportunity to duplicate that success</p>",
"link" => "http://www.proactiveinvestors.co.uk/companies/news/36518/chaarat-gold-frontier-gold-explorer-on-track-to-produce-200000-ounces-per-annum-by-2015--36518.html"
),
array(
"id" => "35959",
"title" => "News - UPDATE: Chaarat upbeat over Tulkubash extension drilling",
"pubdate" => "2011-11-22 15:04:00",
"seftitle" => "update-chaarat-upbeat-over-tulkubash-extension-drilling-35959.html",
"description" => "<p><strong>---Adds broker comments and share price --- </strong></p>
<p><a href="http://proactiveinvestors.co.uk/companies/overview/322/Chaarat+Gold" class="companyPopupTrigger" rel="322">Chaarat Gold</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/322/chaarat-gold-0322.html" class="companyPopupTrigger" rel="322">LON:CGH</a>) has reported a positive result from its ongoing drilling programme in the Tulkubash Project in north western Kyrgyzstan. <br /><br />The Kyrgyz - focused gold group said its Tulkubash mineralisation had extended from a previous strike of 360 metres to 920 metres and is still open towards the northeast. <br /><br />Dekel Golan, chief executive, said the group was “very encouraged” by the results as they demonstrated the significant extension, potential and actual, of the Tulkubash zone.<br /><br />“The prospect of extended strike, as well as improved predictability and continuity, which is effectively confirmed by this drilling, will potentially enable Chaarat to increase production from this low cost ore body and further improve its profit potential for the early years of operation,” he added.<br /><br />Chaarat said that 19 out of 20 holes drilled in the north west extension and 9 holes in the south eastern extension intersected mineralisation at the predicted depth. The range of results included 6.25m at 8.58 g/t gold and 11.25m at 8.21 g/t gold at the top end to 11.25m at 2.19 g/t gold.<br /><br />Mr Golan added: “We are confident that the scenario should improve further with drilling along strike, especially to the north east of the zone; drilling which will commence during the spring of next year. An updated resource and reserve estimate based on the 2011 drilling will be released early in 2012."<br /><br />A previous resource estimate based on 2010 drilling showed indicated and inferred resources of 321,000 ounces at a grade of 4.00 g/t in a portion of the Tulkubash zone. The Tulkubash Zone is one of three major zones of mineralisation within the <a href="http://proactiveinvestors.co.uk/companies/overview/322/Chaarat+Gold" class="companyPopupTrigger" rel="322">Chaarat Gold</a> Project.<br /><br />Following the update, analyst Yuen Low of broker Shore Capital, highlighted that an updated resource and reserve estimate was expected in early 2012. <br /><br />"The extended strike should have a positive impact on project economics. Although too early to quantify, we expect a positive impact on the share price," he said.<br /><br />As at 2.52 pm, the firm's shares were up 2.88 per cent, to trade at 26.75 pence.</p> ",
"link" => "http://www.proactiveinvestors.co.uk/companies/news/35959/update-chaarat-upbeat-over-tulkubash-extension-drilling-35959.html"
),
array(
"id" => "35935",
"title" => "News - Chaarat upbeat over Tulkubash extension drilling",
"pubdate" => "2011-11-22 07:47:00",
"seftitle" => "chaarat-upbeat-over-tulkubash-extension-drilling-35935.html",
"description" => "<p><a href="http://www.proactiveinvestors.co.uk/companies/overview/322/Chaarat+Gold" class="companyPopupTrigger" rel="322">Chaarat Gold</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/322/chaarat-gold-0322.html" class="companyPopupTrigger" rel="322">LON:CGH</a>) has reported a positive result from its ongoing drilling programme in the Tulkubash Project in north western Kyrgyzstan. </p>
<p>The Kyrgyz - focused gold group said its Tulkubash mineralisation had extended from a previous strike of 360 metres to 920 metres and is still open towards the northeast. </p>
<p>Dekel Golan, chief executive, said the group was “very encouraged” by the results as they demonstrated the significant extension, potential and actual, of the Tulkubash zone.</p>
<p>“The prospect of extended strike, as well as improved predictability and continuity, which is effectively confirmed by this drilling, will potentially enable Chaarat to increase production from this low cost ore body and further improve its profit potential for the early years of operation,” he added.</p>
<p>Chaarat said that 19 out of 20 holes drilled in the north west extension and 9 holes in the south eastern extension intersected mineralisation at the predicted depth. The range of results included 6.25m at 8.58 g/t and 11.25m at 8.21 g/t at the top end to 11.25m at 2.19 g/t.</p>
<p>Mr Golan added: “We are confident that the scenario should improve further with drilling along strike, especially to the north east of the zone; drilling which will commence during the spring of next year. An updated resource and reserve estimate based on the 2011 drilling will be released early in 2012."</p>
<p>A previous resource estimate based on 2010 drilling showed indicated and inferred resources of 321,000 ounces at a grade of 4.00 g/t in a portion of the Tulkubash zone. The Tulkubash Zone is one of three major zones of mineralisation within the <a href="http://www.proactiveinvestors.co.uk/companies/overview/322/Chaarat+Gold" class="companyPopupTrigger" rel="322">Chaarat Gold</a> Project.</p> ",
"link" => "http://www.proactiveinvestors.co.uk/companies/news/35935/chaarat-upbeat-over-tulkubash-extension-drilling-35935.html"
),
array(
"id" => "111122cghh5509",
"title" => "RNS press release - Chaarat Gold Holdings Ltd: Tulkubash drilling upda",
"pubdate" => "2011-11-22 07:00:00",
"seftitle" => "",
"description" => "",
"link" => "http://www.proactiveinvestors.co.uk/companies/rns/111122cghh5509/"
),
array(
"id" => "",
"title" => "Broker press",
"pubdate" => "2011-11-22 00:00:00",
"seftitle" => "",
"description" => "22.11.11: +0.75, (26.75) Press: Chaarat Gold rose after a drilling update from its Tulkubash Project. The company revealed an extended strike of 920 metres ? nearly trebling from 360 metres ? and said it expected further improvements when drilling commences in spring 2012. Source - Financial Times",
"link" => ""
),
array(
"id" => "34722",
"title" => "News - Chaarat Gold chairman Palmer-Tomkinson buys company shares",
"pubdate" => "2011-10-24 15:05:00",
"seftitle" => "chaarat-gold-chairman-palmer-tomkinson-buys-company-shares-34722.html",
"description" => "<p>
<p>Chaarat Gold (<a href="/companies/overview/322/chaarat-gold-0322.html">LON:CGH</a>) this afternoon told investors that its chairman Christopher Palmer-Tomkinson has increased his stake in the company by acquiring an additional 100,000 shares.<br /><br />Palmer-Tomkinson bought through separate deals shares on Friday and today. He paid an average price of 27p a share.<br /><br />The chairman now owns 10.1 million shares, which represents around 4 per cent of the company.<br /><br />Last month, the Kyrgyzstan-focused firm revealed its half year results, saying it had made steady progress in its bid to begin production late next year or early in 2013.<br /><br />Its flagship Chaarat project is split between two main deposits - the Kiziltash underground mine (also referred to as the ‘contact zone’), and the Tulkubash open-pit project.<br /><br />The project contains 4.736 million ounces of gold in total indicated and inferred resources and the firm aims to become a low cost gold producer - with first production coming from the Tulkubash project.<br /><br />When the Kiziltash project comes on stream too, the company is targeting combined annual production of more than 200,000 ounces per year.</p>
</p>",
"link" => "http://www.proactiveinvestors.co.uk/companies/news/34722/chaarat-gold-chairman-palmer-tomkinson-buys-company-shares-34722.html"
),
array(
"id" => "111024h7347",
"title" => "RNS press release - Chaarat Gold Holdings Ltd : Director/PDMR Sharehol",
"pubdate" => "2011-10-24 14:39:00",
"seftitle" => "",
"description" => "",
"link" => "http://www.proactiveinvestors.co.uk/companies/rns/111024h7347/"
),
array(
"id" => "34439",
"title" => "News - Chaarat Gold: CNMIM representatives resign from board after its stake falls below ten per cent",
"pubdate" => "2011-10-17 11:00:00",
"seftitle" => "chaarat-gold-cnmim-representatives-resign-from-board-after-its-stake-falls-below-ten-per-cent-34439.html",
"description" => "<p>Chaarat Gold (<a href="http://www.proactiveinvestors.co.uk/companies/overview/322/chaarat-gold-0322.html"></a><a href="http://www.proactiveinvestors.co.uk/companies/overview/322/chaarat-gold-0322.html"><a href="/companies/overview/322/chaarat-gold-0322.html">LON:CGH</a></a>) has revealed that David Tang and Luo Tang - the representatives of China Nonferrous Metals and Mining Co Ltd (CNMIM) - have stepped down from the board.<br /><br />CNMIM was entitled to appoint two directors to Chaarat's board under an agreement in 2009 as long as its stake in the firm stood at or above 10 percent. <br /> <br />Chaarat said today that following the placing completed in March this year, CNMIM's holding was diluted to below 9 per cent.<br /><br />The company said today that its management and CNMIM would continue to work together and that despite the resignations, CNMIM had said all options in respect of its holding in the company and participation in the project remained open.<br /><br />Lang and Tao resigned as non-executive directors of Chaarat's board on October 14.<br /><br />Chaarat's chairman Christopher Palmer-Tomkinson said: "We wish to thank David Tang and Luo Tao for their valuable contribution to Chaarat's development. <br /><br />"We are delighted that we will continue to work together as we move towards production."<br /><br />Last month, the Kyrgyzstan-focused firm revealed its half year results, saying it had made steady progress in its bid to begin production late next year or early in 2013.<br /><br />Its flagship Chaarat project is split between two main deposits - the Kiziltash underground mine (also referred to as the ‘contact zone’), and the Tulkubash open-pit project.<br /><br />The project contains 4.736 million ounces of gold in total indicated and inferred resources and the firm aims to become a low cost gold producer - with first production coming from the Tulkubash project.<br /><br />When the Kiziltash project comes on stream too, the company is targeting combined annual production of more than 200,000 ounces per year.</p>",
"link" => "http://www.proactiveinvestors.co.uk/companies/news/34439/chaarat-gold-cnmim-representatives-resign-from-board-after-its-stake-falls-below-ten-per-cent-34439.html"
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<title><![CDATA[Media files - Chaarat Gold CEO looks to a long term stabilisation plan agreed with the govt ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/stocktube/1163/chaarat-gold-ceo-looks-to-a-long-term-stabilisation-plan-agreed-with-the-govt-1163.html</link>
<description><![CDATA[Dekel Golan, CEO at Chaarat Gold (<a href="/companies/overview/322/chaarat-gold-0322.html" class="companyPopupTrigger" rel="322">LON:CGH</a>), talks to Proactiveinvestors about the negotiations that the company is having with the Kyrgyz Republic. Dekel says that he expects a long term stabilisation plan being agreed on with the government in return for a equity position. This, Dekel says, is a very big deal because it takes away a large part of the uncertainty which is embedded in every mining project.]]></description>
<pubDate>Mon, 21 May 2012 09:56:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/stocktube/1163/chaarat-gold-ceo-looks-to-a-long-term-stabilisation-plan-agreed-with-the-govt-1163.html</guid>
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<title><![CDATA[News - Chaarat Gold enters talks with Kyrgyz govt over potential changes to fiscal regime ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/41490/chaarat-gold-enters-talks-with-kyrgyz-govt-over-potential-changes-to-fiscal-regime-41490.html</link>
<description><![CDATA[<p>
<p><a href="http://www.proactiveinvestors.co.uk/companies/overview/322/Chaarat+Gold" class="companyPopupTrigger" rel="322">Chaarat Gold</a> (<a href="/companies/overview/322/chaarat-gold-0322.html" class="companyPopupTrigger" rel="322">LON:CGH</a>) today told investors that parts the Tulkubash development programme have been put on hold as it enters talks with the government of the Kyrgyz Republic.</p>
<p>The firm believes that the mine development programme will take place ‘only a few months’ later than planned. And the project will still start gold production next year, it says.</p>
<p>The talks come as the Kyrgyz Republic put the fiscal regime governing mining companies under review. And Chaarat says it is aware that the fiscal regime is likely to change.</p>
<p>So to mitigate any uncertainty concerning the impact on the Chaarat project, comprising the proposed Tulkubash and Kiziltash mines, direct negotiations are being held. </p>
<p>Chaarat said it aims to establish a mutually agreed Investment Agreement which would secure long term stability for the project. This would include a ‘stabilisation clause’ protecting the company from changes to taxation, ownership structure and royalties, it added.</p>
<p>The government supports this approach and the company believes it is the most responsible way to ensure ‘economic predictability’, Chaarat explained.</p>
<p>Permitting activities will continue in the meantime and they will not be interrupted by the negotiations.</p>
<p>"Many countries have recently changed their mining fiscal regime and others are likely to follow,” said chief executive Dekel Golan. </p>
<p>“This situation creates uncertainty which makes financial planning harder, especially for junior companies.</p>
<p>"The Board of Chaarat is taking a proactive approach and is entering into negotiations with the Kyrgyz Government with a view to establishing an agreement in law that is both satisfactory for the Government and provides greater certainty over the financial planning horizon for the company.”</p>
<p>He adds: “We have confidence that these discussions will yield a positive long term benefit for shareholders.”</p>
<p>The company also said today that it is satisfied that the Tulkubash mine development budget remains adequate and it has completed the design and engineering part of the project.</p>
<p>The firm also says that an option to upgrade the design so that output capacity is doubled would be viable and within budget. And it is currently considering this option.</p>
<p>It said it would use the ‘suspension period’ to attempt to increase the Tulkubash reserves with further drilling. The drill results would be used to complete a definitive feasibility study based on the higher production rate.</p>
<p>Chaarat says it will seek additional investment to help it achieve this higher production rate as well as source a lower power source, which would in both cases improve the projects economics and value.</p>
<p>It said that a number of funding options are available to it. And any equity based funding would only be considered if the funding price is at least equal the 50p price it raised £51 million at last March, Chaarat added.</p>
</p> ]]></description>
<pubDate>Mon, 16 Apr 2012 08:07:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/41490/chaarat-gold-enters-talks-with-kyrgyz-govt-over-potential-changes-to-fiscal-regime-41490.html</guid>
</item>
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<title><![CDATA[RNS press release - Chaarat Gold Holdings Ltd : Update on the Developm ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120416cghh2543/</link>
<description><![CDATA[]]></description>
<pubDate>Mon, 16 Apr 2012 07:02:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120416cghh2543/</guid>
</item>
<item>
<title><![CDATA[Broker press ]]></title>
<link></link>
<description><![CDATA[16.04.12: -4.00, (22.75) Press: Chaarat fell after announcing that it was in negotiations with the government of the Kyrgyz Republic. The fiscal regime governing mining companies in the country is under review by the newly formed government, and is likely to change. Pending negotiations with the government, further capital investment activities at its Tulkubash Project will be suspended until agreement is reached. Source - Mail]]></description>
<pubDate>Mon, 16 Apr 2012 00:00:00 +0100</pubDate>
<guid></guid>
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<item>
<title><![CDATA[News - Chaarat Gold: Total resources increase 27 pct to 5.59 mln ounces ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/39760/chaarat-gold-total-resources-increase-27-pct-to-559-mln-ounces--39760.html</link>
<description><![CDATA[<p><a href="http://www.proactiveinvestors.co.uk/companies/overview/322/Chaarat+Gold" class="companyPopupTrigger" rel="322">Chaarat Gold</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/322/chaarat-gold-0322.html" class="companyPopupTrigger" rel="322">LON:CGH</a>) today unveiled a new resource estimate for its flagship project in the Kyrgyz Republic.</p>
<p>The Chaarat resource has increased by 27 per cent to 5.59 million ounces of gold.</p>
<p>The upgrade is based on the findings of last year’s drill programme which tested the group’s three main project areas - the Tulkubash pit area, and the Contact and Main underground project areas.</p>
<p>Tulkbash will be the first part of the Chaarat project to come online, with mining starting up this summer and production following next year once the processing plant is complete. </p>
<p>Today’s resource update saw the Tulkubash resource grow 56 per cent to 501,000 ounces, from 321,000.</p>
<p>Chief executive Dekel Golan said: "2011 was another excellent year during which we added over a million ounces of gold to our resource. </p>
<p>“I believe that the tremendous potential of Chaarat is being demonstrated by successful, rigorous exploration activity and the development of the infrastructure needed to support a large-scale operation.”</p>
<p>He adds: “The significantly improved political climate in the Kyrgyz Republic is giving a welcome added impetus to our operations during this development phase, whilst the Tulkubash Project, the non-refractory section of the deposit, is being fast tracked to development in order to stimulate early cash flow for the company. </p>
<p>“These are exciting times for us at Chaarat."</p>
<p>Last year, Chaarat carried out a total of around 29,000 metres of drilling in 171 new drill holes.</p>
<p>As well as increasing the non-refractory resource, at Tulkubash, the company also increased the resources in the two underground refractory resources – Contact and Main.</p>
<p>In total the refractory resource increased 25 per cent to 5.09 million ounces of gold.</p>
<p>The ‘Contact’ resource increased 39 per cent from last year and it is now estimated to contain 2.78 million ounces of gold, while the resource at the ‘Main’ area increased 17 per cent to 1.51 million ounces.</p>
<p>Chaarat said that it expects the size of the ‘Main’ deposit to increase significantly in the future, once it has carried out underground drilling.</p>
<p> </p> ]]></description>
<pubDate>Mon, 05 Mar 2012 07:50:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/39760/chaarat-gold-total-resources-increase-27-pct-to-559-mln-ounces--39760.html</guid>
</item>
<item>
<title><![CDATA[RNS press release - Chaarat Gold Holdings Ltd : Resource Update ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120305cghh1148/</link>
<description><![CDATA[]]></description>
<pubDate>Mon, 05 Mar 2012 07:00:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120305cghh1148/</guid>
</item>
<item>
<title><![CDATA[RNS press release - Chaarat Gold Holdings Ltd : Change of Adviser ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120119cghh8534/</link>
<description><![CDATA[]]></description>
<pubDate>Thu, 19 Jan 2012 07:00:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120119cghh8534/</guid>
</item>
<item>
<title><![CDATA[RNS press release - Chaarat Gold Holdings Ltd: Issue of Share Options ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/111222cghh3406/</link>
<description><![CDATA[]]></description>
<pubDate>Thu, 22 Dec 2011 11:03:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/111222cghh3406/</guid>
</item>
<item>
<title><![CDATA[News - Chaarat Gold issues share options to directors ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/37993/chaarat-gold-issues-share-options-to-directors-37993.html</link>
<description><![CDATA[<p>AIM quoted mine developer <a href="http://www.proactiveinvestors.co.uk/companies/overview/322/Chaarat+Gold" class="companyPopupTrigger" rel="322">Chaarat Gold</a> today announced that it has issued around 3.5 million share options to directors and employees.</p>
<p>The options are exercisable between one and eight years from now and they can be exercised at a price of 27p.</p>
<p>Chief executive Dekel Golan was granted around 900,000 options, while finance director Linda Naylor and non executive director Alex Novak were issued 555,556 and 500,000 respectively. </p>
<p>Also chairman Christopher Palmer-Tomkinson and non executive director Rob Weinberg were each granted around 100,000 options each. Then a further 1.5 million options were given to other employees.</p>
<p>Chaarat is currently developing the Tulkubash open pit and the underground Kiziltash mines in the Tien Shan mountains in the Kyrgyz Republic.</p>
<p> </p> ]]></description>
<pubDate>Thu, 22 Dec 2011 08:22:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/37993/chaarat-gold-issues-share-options-to-directors-37993.html</guid>
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<item>
<title><![CDATA[RNS press release - Chaarat Gold Holdings Ltd : Director/PDMR Sharehol ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/111219cghh2360/</link>
<description><![CDATA[]]></description>
<pubDate>Mon, 19 Dec 2011 12:40:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/111219cghh2360/</guid>
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<item>
<title><![CDATA[News - Chaarat Gold’s Tulkubash project on target to start production in 2013 ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/36656/chaarat-golds-tulkubash-project-on-target-to-start-production-in-2013-36656.html</link>
<description><![CDATA[<p>Kyrgyzstan-focused <a href="http://www.proactiveinvestors.co.uk/companies/overview/322/Chaarat+Gold" class="companyPopupTrigger" rel="322">Chaarat Gold</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/322/chaarat-gold-0322.html" class="companyPopupTrigger" rel="322">LON:CGH</a>) reported this morning that its Tulkubash project is on target for production in 2013 and that its gold resource there has been increased by 56 per cent to 501,000 ounces at 2.92 grams per tonne.</p>
<p>Chaarat, whose projects are located on the highly-prospective Tien Shan Gold Belt area of Central Asia, added that significant potential to further upgrade its resource and reserve at Tulkubash had been identified.</p>
<p>Chaarat said that during the 2011 exploration season work was focused on improving the resource and generating reserves from the “open pittable” section of the Central Tulkubash section of the ore body, yielding encouraging results.<br /><br />According to the firm, this work helped improve its understanding of the Tulkubash project to the extent that it now believes that the resource may have the capability of supporting production at a rate of 2,500 tonnes per day.</p>
<p>A total of 15,413 metres of drilling generated an open pittable resource of 404,000 ounces (from a total of 501,000 ounces) at a grade of 2.92 grams per tonne. Chaarat said that further drill results to the south and north of the zone indicate that the reserve can be increased significantly.</p>
<p>Meanwhile, the firm is waiting on approval of to convert the Tulkubash permit to a mining permit after submitting a report that shows it has defined sufficient reserves to justify its grant.<br /><br />After the grant of the mining permit, Chaarat will be required to prepare a detailed preliminary project design, and the firm is already working on this. In the absence of unforeseen delays, said Chaarat, it expects permitting will be complete in time for it to begin production in the second quarter of 2013.</p> ]]></description>
<pubDate>Wed, 07 Dec 2011 07:29:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/36656/chaarat-golds-tulkubash-project-on-target-to-start-production-in-2013-36656.html</guid>
</item>
<item>
<title><![CDATA[RNS press release - Chaarat Gold Holdings Ltd: Tulkubash project updat ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/111207cghh9574/</link>
<description><![CDATA[]]></description>
<pubDate>Wed, 07 Dec 2011 07:00:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/111207cghh9574/</guid>
</item>
<item>
<title><![CDATA[News - Chaarat Gold: Frontier gold explorer on track to produce 200,000 ounces per annum by 2015 ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/36518/chaarat-gold-frontier-gold-explorer-on-track-to-produce-200000-ounces-per-annum-by-2015--36518.html</link>
<description><![CDATA[<p>Kyrgyzstan is already a significant exporter of gold thanks to the country’s Kumtor mine, which after 16 years in operation has produced several million ounces of gold. Chaarat believes it has an opportunity to duplicate that success</p>]]></description>
<pubDate>Mon, 05 Dec 2011 10:36:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/36518/chaarat-gold-frontier-gold-explorer-on-track-to-produce-200000-ounces-per-annum-by-2015--36518.html</guid>
</item>
<item>
<title><![CDATA[News - UPDATE: Chaarat upbeat over Tulkubash extension drilling ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/35959/update-chaarat-upbeat-over-tulkubash-extension-drilling-35959.html</link>
<description><![CDATA[<p><strong>---Adds broker comments and share price --- </strong></p>
<p><a href="http://proactiveinvestors.co.uk/companies/overview/322/Chaarat+Gold" class="companyPopupTrigger" rel="322">Chaarat Gold</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/322/chaarat-gold-0322.html" class="companyPopupTrigger" rel="322">LON:CGH</a>) has reported a positive result from its ongoing drilling programme in the Tulkubash Project in north western Kyrgyzstan. <br /><br />The Kyrgyz - focused gold group said its Tulkubash mineralisation had extended from a previous strike of 360 metres to 920 metres and is still open towards the northeast. <br /><br />Dekel Golan, chief executive, said the group was “very encouraged” by the results as they demonstrated the significant extension, potential and actual, of the Tulkubash zone.<br /><br />“The prospect of extended strike, as well as improved predictability and continuity, which is effectively confirmed by this drilling, will potentially enable Chaarat to increase production from this low cost ore body and further improve its profit potential for the early years of operation,” he added.<br /><br />Chaarat said that 19 out of 20 holes drilled in the north west extension and 9 holes in the south eastern extension intersected mineralisation at the predicted depth. The range of results included 6.25m at 8.58 g/t gold and 11.25m at 8.21 g/t gold at the top end to 11.25m at 2.19 g/t gold.<br /><br />Mr Golan added: “We are confident that the scenario should improve further with drilling along strike, especially to the north east of the zone; drilling which will commence during the spring of next year. An updated resource and reserve estimate based on the 2011 drilling will be released early in 2012."<br /><br />A previous resource estimate based on 2010 drilling showed indicated and inferred resources of 321,000 ounces at a grade of 4.00 g/t in a portion of the Tulkubash zone. The Tulkubash Zone is one of three major zones of mineralisation within the <a href="http://proactiveinvestors.co.uk/companies/overview/322/Chaarat+Gold" class="companyPopupTrigger" rel="322">Chaarat Gold</a> Project.<br /><br />Following the update, analyst Yuen Low of broker Shore Capital, highlighted that an updated resource and reserve estimate was expected in early 2012. <br /><br />"The extended strike should have a positive impact on project economics. Although too early to quantify, we expect a positive impact on the share price," he said.<br /><br />As at 2.52 pm, the firm's shares were up 2.88 per cent, to trade at 26.75 pence.</p> ]]></description>
<pubDate>Tue, 22 Nov 2011 15:04:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/35959/update-chaarat-upbeat-over-tulkubash-extension-drilling-35959.html</guid>
</item>
<item>
<title><![CDATA[News - Chaarat upbeat over Tulkubash extension drilling ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/35935/chaarat-upbeat-over-tulkubash-extension-drilling-35935.html</link>
<description><![CDATA[<p><a href="http://www.proactiveinvestors.co.uk/companies/overview/322/Chaarat+Gold" class="companyPopupTrigger" rel="322">Chaarat Gold</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/322/chaarat-gold-0322.html" class="companyPopupTrigger" rel="322">LON:CGH</a>) has reported a positive result from its ongoing drilling programme in the Tulkubash Project in north western Kyrgyzstan. </p>
<p>The Kyrgyz - focused gold group said its Tulkubash mineralisation had extended from a previous strike of 360 metres to 920 metres and is still open towards the northeast. </p>
<p>Dekel Golan, chief executive, said the group was “very encouraged” by the results as they demonstrated the significant extension, potential and actual, of the Tulkubash zone.</p>
<p>“The prospect of extended strike, as well as improved predictability and continuity, which is effectively confirmed by this drilling, will potentially enable Chaarat to increase production from this low cost ore body and further improve its profit potential for the early years of operation,” he added.</p>
<p>Chaarat said that 19 out of 20 holes drilled in the north west extension and 9 holes in the south eastern extension intersected mineralisation at the predicted depth. The range of results included 6.25m at 8.58 g/t and 11.25m at 8.21 g/t at the top end to 11.25m at 2.19 g/t.</p>
<p>Mr Golan added: “We are confident that the scenario should improve further with drilling along strike, especially to the north east of the zone; drilling which will commence during the spring of next year. An updated resource and reserve estimate based on the 2011 drilling will be released early in 2012."</p>
<p>A previous resource estimate based on 2010 drilling showed indicated and inferred resources of 321,000 ounces at a grade of 4.00 g/t in a portion of the Tulkubash zone. The Tulkubash Zone is one of three major zones of mineralisation within the <a href="http://www.proactiveinvestors.co.uk/companies/overview/322/Chaarat+Gold" class="companyPopupTrigger" rel="322">Chaarat Gold</a> Project.</p> ]]></description>
<pubDate>Tue, 22 Nov 2011 07:47:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/35935/chaarat-upbeat-over-tulkubash-extension-drilling-35935.html</guid>
</item>
<item>
<title><![CDATA[RNS press release - Chaarat Gold Holdings Ltd: Tulkubash drilling upda ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/111122cghh5509/</link>
<description><![CDATA[]]></description>
<pubDate>Tue, 22 Nov 2011 07:00:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/111122cghh5509/</guid>
</item>
<item>
<title><![CDATA[Broker press ]]></title>
<link></link>
<description><![CDATA[22.11.11: +0.75, (26.75) Press: Chaarat Gold rose after a drilling update from its Tulkubash Project. The company revealed an extended strike of 920 metres ? nearly trebling from 360 metres ? and said it expected further improvements when drilling commences in spring 2012. Source - Financial Times]]></description>
<pubDate>Tue, 22 Nov 2011 00:00:00 +0000</pubDate>
<guid></guid>
</item>
<item>
<title><![CDATA[News - Chaarat Gold chairman Palmer-Tomkinson buys company shares ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/34722/chaarat-gold-chairman-palmer-tomkinson-buys-company-shares-34722.html</link>
<description><![CDATA[<p>
<p>Chaarat Gold (<a href="/companies/overview/322/chaarat-gold-0322.html">LON:CGH</a>) this afternoon told investors that its chairman Christopher Palmer-Tomkinson has increased his stake in the company by acquiring an additional 100,000 shares.<br /><br />Palmer-Tomkinson bought through separate deals shares on Friday and today. He paid an average price of 27p a share.<br /><br />The chairman now owns 10.1 million shares, which represents around 4 per cent of the company.<br /><br />Last month, the Kyrgyzstan-focused firm revealed its half year results, saying it had made steady progress in its bid to begin production late next year or early in 2013.<br /><br />Its flagship Chaarat project is split between two main deposits - the Kiziltash underground mine (also referred to as the ‘contact zone’), and the Tulkubash open-pit project.<br /><br />The project contains 4.736 million ounces of gold in total indicated and inferred resources and the firm aims to become a low cost gold producer - with first production coming from the Tulkubash project.<br /><br />When the Kiziltash project comes on stream too, the company is targeting combined annual production of more than 200,000 ounces per year.</p>
</p>]]></description>
<pubDate>Mon, 24 Oct 2011 15:05:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/34722/chaarat-gold-chairman-palmer-tomkinson-buys-company-shares-34722.html</guid>
</item>
<item>
<title><![CDATA[RNS press release - Chaarat Gold Holdings Ltd : Director/PDMR Sharehol ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/111024h7347/</link>
<description><![CDATA[]]></description>
<pubDate>Mon, 24 Oct 2011 14:39:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/111024h7347/</guid>
</item>
<item>
<title><![CDATA[News - Chaarat Gold: CNMIM representatives resign from board after its stake falls below ten per cent ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/34439/chaarat-gold-cnmim-representatives-resign-from-board-after-its-stake-falls-below-ten-per-cent-34439.html</link>
<description><![CDATA[<p>Chaarat Gold (<a href="http://www.proactiveinvestors.co.uk/companies/overview/322/chaarat-gold-0322.html"></a><a href="http://www.proactiveinvestors.co.uk/companies/overview/322/chaarat-gold-0322.html"><a href="/companies/overview/322/chaarat-gold-0322.html">LON:CGH</a></a>) has revealed that David Tang and Luo Tang - the representatives of China Nonferrous Metals and Mining Co Ltd (CNMIM) - have stepped down from the board.<br /><br />CNMIM was entitled to appoint two directors to Chaarat's board under an agreement in 2009 as long as its stake in the firm stood at or above 10 percent. <br /> <br />Chaarat said today that following the placing completed in March this year, CNMIM's holding was diluted to below 9 per cent.<br /><br />The company said today that its management and CNMIM would continue to work together and that despite the resignations, CNMIM had said all options in respect of its holding in the company and participation in the project remained open.<br /><br />Lang and Tao resigned as non-executive directors of Chaarat's board on October 14.<br /><br />Chaarat's chairman Christopher Palmer-Tomkinson said: "We wish to thank David Tang and Luo Tao for their valuable contribution to Chaarat's development. <br /><br />"We are delighted that we will continue to work together as we move towards production."<br /><br />Last month, the Kyrgyzstan-focused firm revealed its half year results, saying it had made steady progress in its bid to begin production late next year or early in 2013.<br /><br />Its flagship Chaarat project is split between two main deposits - the Kiziltash underground mine (also referred to as the ‘contact zone’), and the Tulkubash open-pit project.<br /><br />The project contains 4.736 million ounces of gold in total indicated and inferred resources and the firm aims to become a low cost gold producer - with first production coming from the Tulkubash project.<br /><br />When the Kiziltash project comes on stream too, the company is targeting combined annual production of more than 200,000 ounces per year.</p>]]></description>
<pubDate>Mon, 17 Oct 2011 11:00:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/34439/chaarat-gold-cnmim-representatives-resign-from-board-after-its-stake-falls-below-ten-per-cent-34439.html</guid>
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<title>Proactiveinvestors United Kingdom Chaarat Gold</title>
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<title><![CDATA[Media files - Chaarat Gold CEO looks to a long term stabilisation plan agreed with the govt ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/stocktube/1163/chaarat-gold-ceo-looks-to-a-long-term-stabilisation-plan-agreed-with-the-govt-1163.html</link>
<description><![CDATA[Dekel Golan, CEO at Chaarat Gold (<a href="/companies/overview/322/chaarat-gold-0322.html" class="companyPopupTrigger" rel="322">LON:CGH</a>), talks to Proactiveinvestors about the negotiations that the company is having with the Kyrgyz Republic. Dekel says that he expects a long term stabilisation plan being agreed on with the government in return for a equity position. This, Dekel says, is a very big deal because it takes away a large part of the uncertainty which is embedded in every mining project.]]></description>
<pubDate>Mon, 21 May 2012 09:56:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/stocktube/1163/chaarat-gold-ceo-looks-to-a-long-term-stabilisation-plan-agreed-with-the-govt-1163.html</guid>
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<title><![CDATA[News - Chaarat Gold enters talks with Kyrgyz govt over potential changes to fiscal regime ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/41490/chaarat-gold-enters-talks-with-kyrgyz-govt-over-potential-changes-to-fiscal-regime-41490.html</link>
<description><![CDATA[<p>
<p><a href="http://www.proactiveinvestors.co.uk/companies/overview/322/Chaarat+Gold" class="companyPopupTrigger" rel="322">Chaarat Gold</a> (<a href="/companies/overview/322/chaarat-gold-0322.html" class="companyPopupTrigger" rel="322">LON:CGH</a>) today told investors that parts the Tulkubash development programme have been put on hold as it enters talks with the government of the Kyrgyz Republic.</p>
<p>The firm believes that the mine development programme will take place ‘only a few months’ later than planned. And the project will still start gold production next year, it says.</p>
<p>The talks come as the Kyrgyz Republic put the fiscal regime governing mining companies under review. And Chaarat says it is aware that the fiscal regime is likely to change.</p>
<p>So to mitigate any uncertainty concerning the impact on the Chaarat project, comprising the proposed Tulkubash and Kiziltash mines, direct negotiations are being held. </p>
<p>Chaarat said it aims to establish a mutually agreed Investment Agreement which would secure long term stability for the project. This would include a ‘stabilisation clause’ protecting the company from changes to taxation, ownership structure and royalties, it added.</p>
<p>The government supports this approach and the company believes it is the most responsible way to ensure ‘economic predictability’, Chaarat explained.</p>
<p>Permitting activities will continue in the meantime and they will not be interrupted by the negotiations.</p>
<p>"Many countries have recently changed their mining fiscal regime and others are likely to follow,” said chief executive Dekel Golan. </p>
<p>“This situation creates uncertainty which makes financial planning harder, especially for junior companies.</p>
<p>"The Board of Chaarat is taking a proactive approach and is entering into negotiations with the Kyrgyz Government with a view to establishing an agreement in law that is both satisfactory for the Government and provides greater certainty over the financial planning horizon for the company.”</p>
<p>He adds: “We have confidence that these discussions will yield a positive long term benefit for shareholders.”</p>
<p>The company also said today that it is satisfied that the Tulkubash mine development budget remains adequate and it has completed the design and engineering part of the project.</p>
<p>The firm also says that an option to upgrade the design so that output capacity is doubled would be viable and within budget. And it is currently considering this option.</p>
<p>It said it would use the ‘suspension period’ to attempt to increase the Tulkubash reserves with further drilling. The drill results would be used to complete a definitive feasibility study based on the higher production rate.</p>
<p>Chaarat says it will seek additional investment to help it achieve this higher production rate as well as source a lower power source, which would in both cases improve the projects economics and value.</p>
<p>It said that a number of funding options are available to it. And any equity based funding would only be considered if the funding price is at least equal the 50p price it raised £51 million at last March, Chaarat added.</p>
</p> ]]></description>
<pubDate>Mon, 16 Apr 2012 08:07:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/41490/chaarat-gold-enters-talks-with-kyrgyz-govt-over-potential-changes-to-fiscal-regime-41490.html</guid>
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<item>
<title><![CDATA[RNS press release - Chaarat Gold Holdings Ltd : Update on the Developm ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120416cghh2543/</link>
<description><![CDATA[]]></description>
<pubDate>Mon, 16 Apr 2012 07:02:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120416cghh2543/</guid>
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<title><![CDATA[Broker press ]]></title>
<link></link>
<description><![CDATA[16.04.12: -4.00, (22.75) Press: Chaarat fell after announcing that it was in negotiations with the government of the Kyrgyz Republic. The fiscal regime governing mining companies in the country is under review by the newly formed government, and is likely to change. Pending negotiations with the government, further capital investment activities at its Tulkubash Project will be suspended until agreement is reached. Source - Mail]]></description>
<pubDate>Mon, 16 Apr 2012 00:00:00 +0100</pubDate>
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<title><![CDATA[News - Chaarat Gold: Total resources increase 27 pct to 5.59 mln ounces ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/39760/chaarat-gold-total-resources-increase-27-pct-to-559-mln-ounces--39760.html</link>
<description><![CDATA[<p><a href="http://www.proactiveinvestors.co.uk/companies/overview/322/Chaarat+Gold" class="companyPopupTrigger" rel="322">Chaarat Gold</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/322/chaarat-gold-0322.html" class="companyPopupTrigger" rel="322">LON:CGH</a>) today unveiled a new resource estimate for its flagship project in the Kyrgyz Republic.</p>
<p>The Chaarat resource has increased by 27 per cent to 5.59 million ounces of gold.</p>
<p>The upgrade is based on the findings of last year’s drill programme which tested the group’s three main project areas - the Tulkubash pit area, and the Contact and Main underground project areas.</p>
<p>Tulkbash will be the first part of the Chaarat project to come online, with mining starting up this summer and production following next year once the processing plant is complete. </p>
<p>Today’s resource update saw the Tulkubash resource grow 56 per cent to 501,000 ounces, from 321,000.</p>
<p>Chief executive Dekel Golan said: "2011 was another excellent year during which we added over a million ounces of gold to our resource. </p>
<p>“I believe that the tremendous potential of Chaarat is being demonstrated by successful, rigorous exploration activity and the development of the infrastructure needed to support a large-scale operation.”</p>
<p>He adds: “The significantly improved political climate in the Kyrgyz Republic is giving a welcome added impetus to our operations during this development phase, whilst the Tulkubash Project, the non-refractory section of the deposit, is being fast tracked to development in order to stimulate early cash flow for the company. </p>
<p>“These are exciting times for us at Chaarat."</p>
<p>Last year, Chaarat carried out a total of around 29,000 metres of drilling in 171 new drill holes.</p>
<p>As well as increasing the non-refractory resource, at Tulkubash, the company also increased the resources in the two underground refractory resources – Contact and Main.</p>
<p>In total the refractory resource increased 25 per cent to 5.09 million ounces of gold.</p>
<p>The ‘Contact’ resource increased 39 per cent from last year and it is now estimated to contain 2.78 million ounces of gold, while the resource at the ‘Main’ area increased 17 per cent to 1.51 million ounces.</p>
<p>Chaarat said that it expects the size of the ‘Main’ deposit to increase significantly in the future, once it has carried out underground drilling.</p>
<p> </p> ]]></description>
<pubDate>Mon, 05 Mar 2012 07:50:00 +0000</pubDate>
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<title><![CDATA[RNS press release - Chaarat Gold Holdings Ltd : Resource Update ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120305cghh1148/</link>
<description><![CDATA[]]></description>
<pubDate>Mon, 05 Mar 2012 07:00:00 +0000</pubDate>
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<title><![CDATA[RNS press release - Chaarat Gold Holdings Ltd : Change of Adviser ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120119cghh8534/</link>
<description><![CDATA[]]></description>
<pubDate>Thu, 19 Jan 2012 07:00:00 +0000</pubDate>
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<item>
<title><![CDATA[RNS press release - Chaarat Gold Holdings Ltd: Issue of Share Options ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/111222cghh3406/</link>
<description><![CDATA[]]></description>
<pubDate>Thu, 22 Dec 2011 11:03:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/111222cghh3406/</guid>
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<title><![CDATA[News - Chaarat Gold issues share options to directors ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/37993/chaarat-gold-issues-share-options-to-directors-37993.html</link>
<description><![CDATA[<p>AIM quoted mine developer <a href="http://www.proactiveinvestors.co.uk/companies/overview/322/Chaarat+Gold" class="companyPopupTrigger" rel="322">Chaarat Gold</a> today announced that it has issued around 3.5 million share options to directors and employees.</p>
<p>The options are exercisable between one and eight years from now and they can be exercised at a price of 27p.</p>
<p>Chief executive Dekel Golan was granted around 900,000 options, while finance director Linda Naylor and non executive director Alex Novak were issued 555,556 and 500,000 respectively. </p>
<p>Also chairman Christopher Palmer-Tomkinson and non executive director Rob Weinberg were each granted around 100,000 options each. Then a further 1.5 million options were given to other employees.</p>
<p>Chaarat is currently developing the Tulkubash open pit and the underground Kiziltash mines in the Tien Shan mountains in the Kyrgyz Republic.</p>
<p> </p> ]]></description>
<pubDate>Thu, 22 Dec 2011 08:22:00 +0000</pubDate>
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<item>
<title><![CDATA[RNS press release - Chaarat Gold Holdings Ltd : Director/PDMR Sharehol ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/111219cghh2360/</link>
<description><![CDATA[]]></description>
<pubDate>Mon, 19 Dec 2011 12:40:00 +0000</pubDate>
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<title><![CDATA[News - Chaarat Gold’s Tulkubash project on target to start production in 2013 ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/36656/chaarat-golds-tulkubash-project-on-target-to-start-production-in-2013-36656.html</link>
<description><![CDATA[<p>Kyrgyzstan-focused <a href="http://www.proactiveinvestors.co.uk/companies/overview/322/Chaarat+Gold" class="companyPopupTrigger" rel="322">Chaarat Gold</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/322/chaarat-gold-0322.html" class="companyPopupTrigger" rel="322">LON:CGH</a>) reported this morning that its Tulkubash project is on target for production in 2013 and that its gold resource there has been increased by 56 per cent to 501,000 ounces at 2.92 grams per tonne.</p>
<p>Chaarat, whose projects are located on the highly-prospective Tien Shan Gold Belt area of Central Asia, added that significant potential to further upgrade its resource and reserve at Tulkubash had been identified.</p>
<p>Chaarat said that during the 2011 exploration season work was focused on improving the resource and generating reserves from the “open pittable” section of the Central Tulkubash section of the ore body, yielding encouraging results.<br /><br />According to the firm, this work helped improve its understanding of the Tulkubash project to the extent that it now believes that the resource may have the capability of supporting production at a rate of 2,500 tonnes per day.</p>
<p>A total of 15,413 metres of drilling generated an open pittable resource of 404,000 ounces (from a total of 501,000 ounces) at a grade of 2.92 grams per tonne. Chaarat said that further drill results to the south and north of the zone indicate that the reserve can be increased significantly.</p>
<p>Meanwhile, the firm is waiting on approval of to convert the Tulkubash permit to a mining permit after submitting a report that shows it has defined sufficient reserves to justify its grant.<br /><br />After the grant of the mining permit, Chaarat will be required to prepare a detailed preliminary project design, and the firm is already working on this. In the absence of unforeseen delays, said Chaarat, it expects permitting will be complete in time for it to begin production in the second quarter of 2013.</p> ]]></description>
<pubDate>Wed, 07 Dec 2011 07:29:00 +0000</pubDate>
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<title><![CDATA[RNS press release - Chaarat Gold Holdings Ltd: Tulkubash project updat ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/111207cghh9574/</link>
<description><![CDATA[]]></description>
<pubDate>Wed, 07 Dec 2011 07:00:00 +0000</pubDate>
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<title><![CDATA[News - Chaarat Gold: Frontier gold explorer on track to produce 200,000 ounces per annum by 2015 ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/36518/chaarat-gold-frontier-gold-explorer-on-track-to-produce-200000-ounces-per-annum-by-2015--36518.html</link>
<description><![CDATA[<p>Kyrgyzstan is already a significant exporter of gold thanks to the country’s Kumtor mine, which after 16 years in operation has produced several million ounces of gold. Chaarat believes it has an opportunity to duplicate that success</p>]]></description>
<pubDate>Mon, 05 Dec 2011 10:36:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/36518/chaarat-gold-frontier-gold-explorer-on-track-to-produce-200000-ounces-per-annum-by-2015--36518.html</guid>
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<title><![CDATA[News - UPDATE: Chaarat upbeat over Tulkubash extension drilling ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/35959/update-chaarat-upbeat-over-tulkubash-extension-drilling-35959.html</link>
<description><![CDATA[<p><strong>---Adds broker comments and share price --- </strong></p>
<p><a href="http://proactiveinvestors.co.uk/companies/overview/322/Chaarat+Gold" class="companyPopupTrigger" rel="322">Chaarat Gold</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/322/chaarat-gold-0322.html" class="companyPopupTrigger" rel="322">LON:CGH</a>) has reported a positive result from its ongoing drilling programme in the Tulkubash Project in north western Kyrgyzstan. <br /><br />The Kyrgyz - focused gold group said its Tulkubash mineralisation had extended from a previous strike of 360 metres to 920 metres and is still open towards the northeast. <br /><br />Dekel Golan, chief executive, said the group was “very encouraged” by the results as they demonstrated the significant extension, potential and actual, of the Tulkubash zone.<br /><br />“The prospect of extended strike, as well as improved predictability and continuity, which is effectively confirmed by this drilling, will potentially enable Chaarat to increase production from this low cost ore body and further improve its profit potential for the early years of operation,” he added.<br /><br />Chaarat said that 19 out of 20 holes drilled in the north west extension and 9 holes in the south eastern extension intersected mineralisation at the predicted depth. The range of results included 6.25m at 8.58 g/t gold and 11.25m at 8.21 g/t gold at the top end to 11.25m at 2.19 g/t gold.<br /><br />Mr Golan added: “We are confident that the scenario should improve further with drilling along strike, especially to the north east of the zone; drilling which will commence during the spring of next year. An updated resource and reserve estimate based on the 2011 drilling will be released early in 2012."<br /><br />A previous resource estimate based on 2010 drilling showed indicated and inferred resources of 321,000 ounces at a grade of 4.00 g/t in a portion of the Tulkubash zone. The Tulkubash Zone is one of three major zones of mineralisation within the <a href="http://proactiveinvestors.co.uk/companies/overview/322/Chaarat+Gold" class="companyPopupTrigger" rel="322">Chaarat Gold</a> Project.<br /><br />Following the update, analyst Yuen Low of broker Shore Capital, highlighted that an updated resource and reserve estimate was expected in early 2012. <br /><br />"The extended strike should have a positive impact on project economics. Although too early to quantify, we expect a positive impact on the share price," he said.<br /><br />As at 2.52 pm, the firm's shares were up 2.88 per cent, to trade at 26.75 pence.</p> ]]></description>
<pubDate>Tue, 22 Nov 2011 15:04:00 +0000</pubDate>
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<item>
<title><![CDATA[News - Chaarat upbeat over Tulkubash extension drilling ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/35935/chaarat-upbeat-over-tulkubash-extension-drilling-35935.html</link>
<description><![CDATA[<p><a href="http://www.proactiveinvestors.co.uk/companies/overview/322/Chaarat+Gold" class="companyPopupTrigger" rel="322">Chaarat Gold</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/322/chaarat-gold-0322.html" class="companyPopupTrigger" rel="322">LON:CGH</a>) has reported a positive result from its ongoing drilling programme in the Tulkubash Project in north western Kyrgyzstan. </p>
<p>The Kyrgyz - focused gold group said its Tulkubash mineralisation had extended from a previous strike of 360 metres to 920 metres and is still open towards the northeast. </p>
<p>Dekel Golan, chief executive, said the group was “very encouraged” by the results as they demonstrated the significant extension, potential and actual, of the Tulkubash zone.</p>
<p>“The prospect of extended strike, as well as improved predictability and continuity, which is effectively confirmed by this drilling, will potentially enable Chaarat to increase production from this low cost ore body and further improve its profit potential for the early years of operation,” he added.</p>
<p>Chaarat said that 19 out of 20 holes drilled in the north west extension and 9 holes in the south eastern extension intersected mineralisation at the predicted depth. The range of results included 6.25m at 8.58 g/t and 11.25m at 8.21 g/t at the top end to 11.25m at 2.19 g/t.</p>
<p>Mr Golan added: “We are confident that the scenario should improve further with drilling along strike, especially to the north east of the zone; drilling which will commence during the spring of next year. An updated resource and reserve estimate based on the 2011 drilling will be released early in 2012."</p>
<p>A previous resource estimate based on 2010 drilling showed indicated and inferred resources of 321,000 ounces at a grade of 4.00 g/t in a portion of the Tulkubash zone. The Tulkubash Zone is one of three major zones of mineralisation within the <a href="http://www.proactiveinvestors.co.uk/companies/overview/322/Chaarat+Gold" class="companyPopupTrigger" rel="322">Chaarat Gold</a> Project.</p> ]]></description>
<pubDate>Tue, 22 Nov 2011 07:47:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/35935/chaarat-upbeat-over-tulkubash-extension-drilling-35935.html</guid>
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<title><![CDATA[RNS press release - Chaarat Gold Holdings Ltd: Tulkubash drilling upda ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/111122cghh5509/</link>
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<pubDate>Tue, 22 Nov 2011 07:00:00 +0000</pubDate>
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<description><![CDATA[22.11.11: +0.75, (26.75) Press: Chaarat Gold rose after a drilling update from its Tulkubash Project. The company revealed an extended strike of 920 metres ? nearly trebling from 360 metres ? and said it expected further improvements when drilling commences in spring 2012. Source - Financial Times]]></description>
<pubDate>Tue, 22 Nov 2011 00:00:00 +0000</pubDate>
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<title><![CDATA[News - Chaarat Gold chairman Palmer-Tomkinson buys company shares ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/34722/chaarat-gold-chairman-palmer-tomkinson-buys-company-shares-34722.html</link>
<description><![CDATA[<p>
<p>Chaarat Gold (<a href="/companies/overview/322/chaarat-gold-0322.html">LON:CGH</a>) this afternoon told investors that its chairman Christopher Palmer-Tomkinson has increased his stake in the company by acquiring an additional 100,000 shares.<br /><br />Palmer-Tomkinson bought through separate deals shares on Friday and today. He paid an average price of 27p a share.<br /><br />The chairman now owns 10.1 million shares, which represents around 4 per cent of the company.<br /><br />Last month, the Kyrgyzstan-focused firm revealed its half year results, saying it had made steady progress in its bid to begin production late next year or early in 2013.<br /><br />Its flagship Chaarat project is split between two main deposits - the Kiziltash underground mine (also referred to as the ‘contact zone’), and the Tulkubash open-pit project.<br /><br />The project contains 4.736 million ounces of gold in total indicated and inferred resources and the firm aims to become a low cost gold producer - with first production coming from the Tulkubash project.<br /><br />When the Kiziltash project comes on stream too, the company is targeting combined annual production of more than 200,000 ounces per year.</p>
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<pubDate>Mon, 24 Oct 2011 15:05:00 +0100</pubDate>
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<title><![CDATA[RNS press release - Chaarat Gold Holdings Ltd : Director/PDMR Sharehol ]]></title>
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<pubDate>Mon, 24 Oct 2011 14:39:00 +0100</pubDate>
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<title><![CDATA[News - Chaarat Gold: CNMIM representatives resign from board after its stake falls below ten per cent ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/34439/chaarat-gold-cnmim-representatives-resign-from-board-after-its-stake-falls-below-ten-per-cent-34439.html</link>
<description><![CDATA[<p>Chaarat Gold (<a href="http://www.proactiveinvestors.co.uk/companies/overview/322/chaarat-gold-0322.html"></a><a href="http://www.proactiveinvestors.co.uk/companies/overview/322/chaarat-gold-0322.html"><a href="/companies/overview/322/chaarat-gold-0322.html">LON:CGH</a></a>) has revealed that David Tang and Luo Tang - the representatives of China Nonferrous Metals and Mining Co Ltd (CNMIM) - have stepped down from the board.<br /><br />CNMIM was entitled to appoint two directors to Chaarat's board under an agreement in 2009 as long as its stake in the firm stood at or above 10 percent. <br /> <br />Chaarat said today that following the placing completed in March this year, CNMIM's holding was diluted to below 9 per cent.<br /><br />The company said today that its management and CNMIM would continue to work together and that despite the resignations, CNMIM had said all options in respect of its holding in the company and participation in the project remained open.<br /><br />Lang and Tao resigned as non-executive directors of Chaarat's board on October 14.<br /><br />Chaarat's chairman Christopher Palmer-Tomkinson said: "We wish to thank David Tang and Luo Tao for their valuable contribution to Chaarat's development. <br /><br />"We are delighted that we will continue to work together as we move towards production."<br /><br />Last month, the Kyrgyzstan-focused firm revealed its half year results, saying it had made steady progress in its bid to begin production late next year or early in 2013.<br /><br />Its flagship Chaarat project is split between two main deposits - the Kiziltash underground mine (also referred to as the ‘contact zone’), and the Tulkubash open-pit project.<br /><br />The project contains 4.736 million ounces of gold in total indicated and inferred resources and the firm aims to become a low cost gold producer - with first production coming from the Tulkubash project.<br /><br />When the Kiziltash project comes on stream too, the company is targeting combined annual production of more than 200,000 ounces per year.</p>]]></description>
<pubDate>Mon, 17 Oct 2011 11:00:00 +0100</pubDate>
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"title" => "Media files - Chaarat Gold CEO looks to a long term stabilisation plan agreed with the govt",
"pubdate" => "2012-05-21 09:56:00",
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"description" => "Dekel Golan, CEO at Chaarat Gold (<a href="/companies/overview/322/chaarat-gold-0322.html" class="companyPopupTrigger" rel="322">LON:CGH</a>), talks to Proactiveinvestors about the negotiations that the company is having with the Kyrgyz Republic. Dekel says that he expects a long term stabilisation plan being agreed on with the government in return for a equity position. This, Dekel says, is a very big deal because it takes away a large part of the uncertainty which is embedded in every mining project.",
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"title" => "News - Chaarat Gold enters talks with Kyrgyz govt over potential changes to fiscal regime",
"pubdate" => "2012-04-16 08:07:00",
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<p><a href="http://www.proactiveinvestors.co.uk/companies/overview/322/Chaarat+Gold" class="companyPopupTrigger" rel="322">Chaarat Gold</a> (<a href="/companies/overview/322/chaarat-gold-0322.html" class="companyPopupTrigger" rel="322">LON:CGH</a>) today told investors that parts the Tulkubash development programme have been put on hold as it enters talks with the government of the Kyrgyz Republic.</p>
<p>The firm believes that the mine development programme will take place ‘only a few months’ later than planned. And the project will still start gold production next year, it says.</p>
<p>The talks come as the Kyrgyz Republic put the fiscal regime governing mining companies under review. And Chaarat says it is aware that the fiscal regime is likely to change.</p>
<p>So to mitigate any uncertainty concerning the impact on the Chaarat project, comprising the proposed Tulkubash and Kiziltash mines, direct negotiations are being held. </p>
<p>Chaarat said it aims to establish a mutually agreed Investment Agreement which would secure long term stability for the project. This would include a ‘stabilisation clause’ protecting the company from changes to taxation, ownership structure and royalties, it added.</p>
<p>The government supports this approach and the company believes it is the most responsible way to ensure ‘economic predictability’, Chaarat explained.</p>
<p>Permitting activities will continue in the meantime and they will not be interrupted by the negotiations.</p>
<p>"Many countries have recently changed their mining fiscal regime and others are likely to follow,” said chief executive Dekel Golan. </p>
<p>“This situation creates uncertainty which makes financial planning harder, especially for junior companies.</p>
<p>"The Board of Chaarat is taking a proactive approach and is entering into negotiations with the Kyrgyz Government with a view to establishing an agreement in law that is both satisfactory for the Government and provides greater certainty over the financial planning horizon for the company.”</p>
<p>He adds: “We have confidence that these discussions will yield a positive long term benefit for shareholders.”</p>
<p>The company also said today that it is satisfied that the Tulkubash mine development budget remains adequate and it has completed the design and engineering part of the project.</p>
<p>The firm also says that an option to upgrade the design so that output capacity is doubled would be viable and within budget. And it is currently considering this option.</p>
<p>It said it would use the ‘suspension period’ to attempt to increase the Tulkubash reserves with further drilling. The drill results would be used to complete a definitive feasibility study based on the higher production rate.</p>
<p>Chaarat says it will seek additional investment to help it achieve this higher production rate as well as source a lower power source, which would in both cases improve the projects economics and value.</p>
<p>It said that a number of funding options are available to it. And any equity based funding would only be considered if the funding price is at least equal the 50p price it raised £51 million at last March, Chaarat added.</p>
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"title" => "RNS press release - Chaarat Gold Holdings Ltd : Update on the Developm",
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"description" => "16.04.12: -4.00, (22.75) Press: Chaarat fell after announcing that it was in negotiations with the government of the Kyrgyz Republic. The fiscal regime governing mining companies in the country is under review by the newly formed government, and is likely to change. Pending negotiations with the government, further capital investment activities at its Tulkubash Project will be suspended until agreement is reached. Source - Mail",
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"title" => "News - Chaarat Gold: Total resources increase 27 pct to 5.59 mln ounces ",
"pubdate" => "2012-03-05 07:50:00",
"seftitle" => "chaarat-gold-total-resources-increase-27-pct-to-559-mln-ounces--39760.html",
"description" => "<p><a href="http://www.proactiveinvestors.co.uk/companies/overview/322/Chaarat+Gold" class="companyPopupTrigger" rel="322">Chaarat Gold</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/322/chaarat-gold-0322.html" class="companyPopupTrigger" rel="322">LON:CGH</a>) today unveiled a new resource estimate for its flagship project in the Kyrgyz Republic.</p>
<p>The Chaarat resource has increased by 27 per cent to 5.59 million ounces of gold.</p>
<p>The upgrade is based on the findings of last year’s drill programme which tested the group’s three main project areas - the Tulkubash pit area, and the Contact and Main underground project areas.</p>
<p>Tulkbash will be the first part of the Chaarat project to come online, with mining starting up this summer and production following next year once the processing plant is complete. </p>
<p>Today’s resource update saw the Tulkubash resource grow 56 per cent to 501,000 ounces, from 321,000.</p>
<p>Chief executive Dekel Golan said: "2011 was another excellent year during which we added over a million ounces of gold to our resource. </p>
<p>“I believe that the tremendous potential of Chaarat is being demonstrated by successful, rigorous exploration activity and the development of the infrastructure needed to support a large-scale operation.”</p>
<p>He adds: “The significantly improved political climate in the Kyrgyz Republic is giving a welcome added impetus to our operations during this development phase, whilst the Tulkubash Project, the non-refractory section of the deposit, is being fast tracked to development in order to stimulate early cash flow for the company. </p>
<p>“These are exciting times for us at Chaarat."</p>
<p>Last year, Chaarat carried out a total of around 29,000 metres of drilling in 171 new drill holes.</p>
<p>As well as increasing the non-refractory resource, at Tulkubash, the company also increased the resources in the two underground refractory resources – Contact and Main.</p>
<p>In total the refractory resource increased 25 per cent to 5.09 million ounces of gold.</p>
<p>The ‘Contact’ resource increased 39 per cent from last year and it is now estimated to contain 2.78 million ounces of gold, while the resource at the ‘Main’ area increased 17 per cent to 1.51 million ounces.</p>
<p>Chaarat said that it expects the size of the ‘Main’ deposit to increase significantly in the future, once it has carried out underground drilling.</p>
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"title" => "RNS press release - Chaarat Gold Holdings Ltd : Change of Adviser",
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"title" => "RNS press release - Chaarat Gold Holdings Ltd: Issue of Share Options",
"pubdate" => "2011-12-22 11:03:00",
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"title" => "News - Chaarat Gold issues share options to directors",
"pubdate" => "2011-12-22 08:22:00",
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"description" => "<p>AIM quoted mine developer <a href="http://www.proactiveinvestors.co.uk/companies/overview/322/Chaarat+Gold" class="companyPopupTrigger" rel="322">Chaarat Gold</a> today announced that it has issued around 3.5 million share options to directors and employees.</p>
<p>The options are exercisable between one and eight years from now and they can be exercised at a price of 27p.</p>
<p>Chief executive Dekel Golan was granted around 900,000 options, while finance director Linda Naylor and non executive director Alex Novak were issued 555,556 and 500,000 respectively. </p>
<p>Also chairman Christopher Palmer-Tomkinson and non executive director Rob Weinberg were each granted around 100,000 options each. Then a further 1.5 million options were given to other employees.</p>
<p>Chaarat is currently developing the Tulkubash open pit and the underground Kiziltash mines in the Tien Shan mountains in the Kyrgyz Republic.</p>
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"title" => "RNS press release - Chaarat Gold Holdings Ltd : Director/PDMR Sharehol",
"pubdate" => "2011-12-19 12:40:00",
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"title" => "News - Chaarat Gold’s Tulkubash project on target to start production in 2013",
"pubdate" => "2011-12-07 07:29:00",
"seftitle" => "chaarat-golds-tulkubash-project-on-target-to-start-production-in-2013-36656.html",
"description" => "<p>Kyrgyzstan-focused <a href="http://www.proactiveinvestors.co.uk/companies/overview/322/Chaarat+Gold" class="companyPopupTrigger" rel="322">Chaarat Gold</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/322/chaarat-gold-0322.html" class="companyPopupTrigger" rel="322">LON:CGH</a>) reported this morning that its Tulkubash project is on target for production in 2013 and that its gold resource there has been increased by 56 per cent to 501,000 ounces at 2.92 grams per tonne.</p>
<p>Chaarat, whose projects are located on the highly-prospective Tien Shan Gold Belt area of Central Asia, added that significant potential to further upgrade its resource and reserve at Tulkubash had been identified.</p>
<p>Chaarat said that during the 2011 exploration season work was focused on improving the resource and generating reserves from the “open pittable” section of the Central Tulkubash section of the ore body, yielding encouraging results.<br /><br />According to the firm, this work helped improve its understanding of the Tulkubash project to the extent that it now believes that the resource may have the capability of supporting production at a rate of 2,500 tonnes per day.</p>
<p>A total of 15,413 metres of drilling generated an open pittable resource of 404,000 ounces (from a total of 501,000 ounces) at a grade of 2.92 grams per tonne. Chaarat said that further drill results to the south and north of the zone indicate that the reserve can be increased significantly.</p>
<p>Meanwhile, the firm is waiting on approval of to convert the Tulkubash permit to a mining permit after submitting a report that shows it has defined sufficient reserves to justify its grant.<br /><br />After the grant of the mining permit, Chaarat will be required to prepare a detailed preliminary project design, and the firm is already working on this. In the absence of unforeseen delays, said Chaarat, it expects permitting will be complete in time for it to begin production in the second quarter of 2013.</p> ",
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"pubdate" => "2011-12-07 07:00:00",
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"title" => "News - Chaarat Gold: Frontier gold explorer on track to produce 200,000 ounces per annum by 2015 ",
"pubdate" => "2011-12-05 10:36:00",
"seftitle" => "chaarat-gold-frontier-gold-explorer-on-track-to-produce-200000-ounces-per-annum-by-2015--36518.html",
"description" => "<p>Kyrgyzstan is already a significant exporter of gold thanks to the country’s Kumtor mine, which after 16 years in operation has produced several million ounces of gold. Chaarat believes it has an opportunity to duplicate that success</p>",
"link" => "http://www.proactiveinvestors.co.uk/companies/news/36518/chaarat-gold-frontier-gold-explorer-on-track-to-produce-200000-ounces-per-annum-by-2015--36518.html"
),
array(
"id" => "35959",
"title" => "News - UPDATE: Chaarat upbeat over Tulkubash extension drilling",
"pubdate" => "2011-11-22 15:04:00",
"seftitle" => "update-chaarat-upbeat-over-tulkubash-extension-drilling-35959.html",
"description" => "<p><strong>---Adds broker comments and share price --- </strong></p>
<p><a href="http://proactiveinvestors.co.uk/companies/overview/322/Chaarat+Gold" class="companyPopupTrigger" rel="322">Chaarat Gold</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/322/chaarat-gold-0322.html" class="companyPopupTrigger" rel="322">LON:CGH</a>) has reported a positive result from its ongoing drilling programme in the Tulkubash Project in north western Kyrgyzstan. <br /><br />The Kyrgyz - focused gold group said its Tulkubash mineralisation had extended from a previous strike of 360 metres to 920 metres and is still open towards the northeast. <br /><br />Dekel Golan, chief executive, said the group was “very encouraged” by the results as they demonstrated the significant extension, potential and actual, of the Tulkubash zone.<br /><br />“The prospect of extended strike, as well as improved predictability and continuity, which is effectively confirmed by this drilling, will potentially enable Chaarat to increase production from this low cost ore body and further improve its profit potential for the early years of operation,” he added.<br /><br />Chaarat said that 19 out of 20 holes drilled in the north west extension and 9 holes in the south eastern extension intersected mineralisation at the predicted depth. The range of results included 6.25m at 8.58 g/t gold and 11.25m at 8.21 g/t gold at the top end to 11.25m at 2.19 g/t gold.<br /><br />Mr Golan added: “We are confident that the scenario should improve further with drilling along strike, especially to the north east of the zone; drilling which will commence during the spring of next year. An updated resource and reserve estimate based on the 2011 drilling will be released early in 2012."<br /><br />A previous resource estimate based on 2010 drilling showed indicated and inferred resources of 321,000 ounces at a grade of 4.00 g/t in a portion of the Tulkubash zone. The Tulkubash Zone is one of three major zones of mineralisation within the <a href="http://proactiveinvestors.co.uk/companies/overview/322/Chaarat+Gold" class="companyPopupTrigger" rel="322">Chaarat Gold</a> Project.<br /><br />Following the update, analyst Yuen Low of broker Shore Capital, highlighted that an updated resource and reserve estimate was expected in early 2012. <br /><br />"The extended strike should have a positive impact on project economics. Although too early to quantify, we expect a positive impact on the share price," he said.<br /><br />As at 2.52 pm, the firm's shares were up 2.88 per cent, to trade at 26.75 pence.</p> ",
"link" => "http://www.proactiveinvestors.co.uk/companies/news/35959/update-chaarat-upbeat-over-tulkubash-extension-drilling-35959.html"
),
array(
"id" => "35935",
"title" => "News - Chaarat upbeat over Tulkubash extension drilling",
"pubdate" => "2011-11-22 07:47:00",
"seftitle" => "chaarat-upbeat-over-tulkubash-extension-drilling-35935.html",
"description" => "<p><a href="http://www.proactiveinvestors.co.uk/companies/overview/322/Chaarat+Gold" class="companyPopupTrigger" rel="322">Chaarat Gold</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/322/chaarat-gold-0322.html" class="companyPopupTrigger" rel="322">LON:CGH</a>) has reported a positive result from its ongoing drilling programme in the Tulkubash Project in north western Kyrgyzstan. </p>
<p>The Kyrgyz - focused gold group said its Tulkubash mineralisation had extended from a previous strike of 360 metres to 920 metres and is still open towards the northeast. </p>
<p>Dekel Golan, chief executive, said the group was “very encouraged” by the results as they demonstrated the significant extension, potential and actual, of the Tulkubash zone.</p>
<p>“The prospect of extended strike, as well as improved predictability and continuity, which is effectively confirmed by this drilling, will potentially enable Chaarat to increase production from this low cost ore body and further improve its profit potential for the early years of operation,” he added.</p>
<p>Chaarat said that 19 out of 20 holes drilled in the north west extension and 9 holes in the south eastern extension intersected mineralisation at the predicted depth. The range of results included 6.25m at 8.58 g/t and 11.25m at 8.21 g/t at the top end to 11.25m at 2.19 g/t.</p>
<p>Mr Golan added: “We are confident that the scenario should improve further with drilling along strike, especially to the north east of the zone; drilling which will commence during the spring of next year. An updated resource and reserve estimate based on the 2011 drilling will be released early in 2012."</p>
<p>A previous resource estimate based on 2010 drilling showed indicated and inferred resources of 321,000 ounces at a grade of 4.00 g/t in a portion of the Tulkubash zone. The Tulkubash Zone is one of three major zones of mineralisation within the <a href="http://www.proactiveinvestors.co.uk/companies/overview/322/Chaarat+Gold" class="companyPopupTrigger" rel="322">Chaarat Gold</a> Project.</p> ",
"link" => "http://www.proactiveinvestors.co.uk/companies/news/35935/chaarat-upbeat-over-tulkubash-extension-drilling-35935.html"
),
array(
"id" => "111122cghh5509",
"title" => "RNS press release - Chaarat Gold Holdings Ltd: Tulkubash drilling upda",
"pubdate" => "2011-11-22 07:00:00",
"seftitle" => "",
"description" => "",
"link" => "http://www.proactiveinvestors.co.uk/companies/rns/111122cghh5509/"
),
array(
"id" => "",
"title" => "Broker press",
"pubdate" => "2011-11-22 00:00:00",
"seftitle" => "",
"description" => "22.11.11: +0.75, (26.75) Press: Chaarat Gold rose after a drilling update from its Tulkubash Project. The company revealed an extended strike of 920 metres ? nearly trebling from 360 metres ? and said it expected further improvements when drilling commences in spring 2012. Source - Financial Times",
"link" => ""
),
array(
"id" => "34722",
"title" => "News - Chaarat Gold chairman Palmer-Tomkinson buys company shares",
"pubdate" => "2011-10-24 15:05:00",
"seftitle" => "chaarat-gold-chairman-palmer-tomkinson-buys-company-shares-34722.html",
"description" => "<p>
<p>Chaarat Gold (<a href="/companies/overview/322/chaarat-gold-0322.html">LON:CGH</a>) this afternoon told investors that its chairman Christopher Palmer-Tomkinson has increased his stake in the company by acquiring an additional 100,000 shares.<br /><br />Palmer-Tomkinson bought through separate deals shares on Friday and today. He paid an average price of 27p a share.<br /><br />The chairman now owns 10.1 million shares, which represents around 4 per cent of the company.<br /><br />Last month, the Kyrgyzstan-focused firm revealed its half year results, saying it had made steady progress in its bid to begin production late next year or early in 2013.<br /><br />Its flagship Chaarat project is split between two main deposits - the Kiziltash underground mine (also referred to as the ‘contact zone’), and the Tulkubash open-pit project.<br /><br />The project contains 4.736 million ounces of gold in total indicated and inferred resources and the firm aims to become a low cost gold producer - with first production coming from the Tulkubash project.<br /><br />When the Kiziltash project comes on stream too, the company is targeting combined annual production of more than 200,000 ounces per year.</p>
</p>",
"link" => "http://www.proactiveinvestors.co.uk/companies/news/34722/chaarat-gold-chairman-palmer-tomkinson-buys-company-shares-34722.html"
),
array(
"id" => "111024h7347",
"title" => "RNS press release - Chaarat Gold Holdings Ltd : Director/PDMR Sharehol",
"pubdate" => "2011-10-24 14:39:00",
"seftitle" => "",
"description" => "",
"link" => "http://www.proactiveinvestors.co.uk/companies/rns/111024h7347/"
),
array(
"id" => "34439",
"title" => "News - Chaarat Gold: CNMIM representatives resign from board after its stake falls below ten per cent",
"pubdate" => "2011-10-17 11:00:00",
"seftitle" => "chaarat-gold-cnmim-representatives-resign-from-board-after-its-stake-falls-below-ten-per-cent-34439.html",
"description" => "<p>Chaarat Gold (<a href="http://www.proactiveinvestors.co.uk/companies/overview/322/chaarat-gold-0322.html"></a><a href="http://www.proactiveinvestors.co.uk/companies/overview/322/chaarat-gold-0322.html"><a href="/companies/overview/322/chaarat-gold-0322.html">LON:CGH</a></a>) has revealed that David Tang and Luo Tang - the representatives of China Nonferrous Metals and Mining Co Ltd (CNMIM) - have stepped down from the board.<br /><br />CNMIM was entitled to appoint two directors to Chaarat's board under an agreement in 2009 as long as its stake in the firm stood at or above 10 percent. <br /> <br />Chaarat said today that following the placing completed in March this year, CNMIM's holding was diluted to below 9 per cent.<br /><br />The company said today that its management and CNMIM would continue to work together and that despite the resignations, CNMIM had said all options in respect of its holding in the company and participation in the project remained open.<br /><br />Lang and Tao resigned as non-executive directors of Chaarat's board on October 14.<br /><br />Chaarat's chairman Christopher Palmer-Tomkinson said: "We wish to thank David Tang and Luo Tao for their valuable contribution to Chaarat's development. <br /><br />"We are delighted that we will continue to work together as we move towards production."<br /><br />Last month, the Kyrgyzstan-focused firm revealed its half year results, saying it had made steady progress in its bid to begin production late next year or early in 2013.<br /><br />Its flagship Chaarat project is split between two main deposits - the Kiziltash underground mine (also referred to as the ‘contact zone’), and the Tulkubash open-pit project.<br /><br />The project contains 4.736 million ounces of gold in total indicated and inferred resources and the firm aims to become a low cost gold producer - with first production coming from the Tulkubash project.<br /><br />When the Kiziltash project comes on stream too, the company is targeting combined annual production of more than 200,000 ounces per year.</p>",
"link" => "http://www.proactiveinvestors.co.uk/companies/news/34439/chaarat-gold-cnmim-representatives-resign-from-board-after-its-stake-falls-below-ten-per-cent-34439.html"
)
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<title><![CDATA[Media files - Chaarat Gold CEO looks to a long term stabilisation plan agreed with the govt ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/stocktube/1163/chaarat-gold-ceo-looks-to-a-long-term-stabilisation-plan-agreed-with-the-govt-1163.html</link>
<description><![CDATA[Dekel Golan, CEO at Chaarat Gold (<a href="/companies/overview/322/chaarat-gold-0322.html" class="companyPopupTrigger" rel="322">LON:CGH</a>), talks to Proactiveinvestors about the negotiations that the company is having with the Kyrgyz Republic. Dekel says that he expects a long term stabilisation plan being agreed on with the government in return for a equity position. This, Dekel says, is a very big deal because it takes away a large part of the uncertainty which is embedded in every mining project.]]></description>
<pubDate>Mon, 21 May 2012 09:56:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/stocktube/1163/chaarat-gold-ceo-looks-to-a-long-term-stabilisation-plan-agreed-with-the-govt-1163.html</guid>
</item>
<item>
<title><![CDATA[News - Chaarat Gold enters talks with Kyrgyz govt over potential changes to fiscal regime ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/41490/chaarat-gold-enters-talks-with-kyrgyz-govt-over-potential-changes-to-fiscal-regime-41490.html</link>
<description><![CDATA[<p>
<p><a href="http://www.proactiveinvestors.co.uk/companies/overview/322/Chaarat+Gold" class="companyPopupTrigger" rel="322">Chaarat Gold</a> (<a href="/companies/overview/322/chaarat-gold-0322.html" class="companyPopupTrigger" rel="322">LON:CGH</a>) today told investors that parts the Tulkubash development programme have been put on hold as it enters talks with the government of the Kyrgyz Republic.</p>
<p>The firm believes that the mine development programme will take place ‘only a few months’ later than planned. And the project will still start gold production next year, it says.</p>
<p>The talks come as the Kyrgyz Republic put the fiscal regime governing mining companies under review. And Chaarat says it is aware that the fiscal regime is likely to change.</p>
<p>So to mitigate any uncertainty concerning the impact on the Chaarat project, comprising the proposed Tulkubash and Kiziltash mines, direct negotiations are being held. </p>
<p>Chaarat said it aims to establish a mutually agreed Investment Agreement which would secure long term stability for the project. This would include a ‘stabilisation clause’ protecting the company from changes to taxation, ownership structure and royalties, it added.</p>
<p>The government supports this approach and the company believes it is the most responsible way to ensure ‘economic predictability’, Chaarat explained.</p>
<p>Permitting activities will continue in the meantime and they will not be interrupted by the negotiations.</p>
<p>"Many countries have recently changed their mining fiscal regime and others are likely to follow,” said chief executive Dekel Golan. </p>
<p>“This situation creates uncertainty which makes financial planning harder, especially for junior companies.</p>
<p>"The Board of Chaarat is taking a proactive approach and is entering into negotiations with the Kyrgyz Government with a view to establishing an agreement in law that is both satisfactory for the Government and provides greater certainty over the financial planning horizon for the company.”</p>
<p>He adds: “We have confidence that these discussions will yield a positive long term benefit for shareholders.”</p>
<p>The company also said today that it is satisfied that the Tulkubash mine development budget remains adequate and it has completed the design and engineering part of the project.</p>
<p>The firm also says that an option to upgrade the design so that output capacity is doubled would be viable and within budget. And it is currently considering this option.</p>
<p>It said it would use the ‘suspension period’ to attempt to increase the Tulkubash reserves with further drilling. The drill results would be used to complete a definitive feasibility study based on the higher production rate.</p>
<p>Chaarat says it will seek additional investment to help it achieve this higher production rate as well as source a lower power source, which would in both cases improve the projects economics and value.</p>
<p>It said that a number of funding options are available to it. And any equity based funding would only be considered if the funding price is at least equal the 50p price it raised £51 million at last March, Chaarat added.</p>
</p> ]]></description>
<pubDate>Mon, 16 Apr 2012 08:07:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/41490/chaarat-gold-enters-talks-with-kyrgyz-govt-over-potential-changes-to-fiscal-regime-41490.html</guid>
</item>
<item>
<title><![CDATA[RNS press release - Chaarat Gold Holdings Ltd : Update on the Developm ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120416cghh2543/</link>
<description><![CDATA[]]></description>
<pubDate>Mon, 16 Apr 2012 07:02:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120416cghh2543/</guid>
</item>
<item>
<title><![CDATA[Broker press ]]></title>
<link></link>
<description><![CDATA[16.04.12: -4.00, (22.75) Press: Chaarat fell after announcing that it was in negotiations with the government of the Kyrgyz Republic. The fiscal regime governing mining companies in the country is under review by the newly formed government, and is likely to change. Pending negotiations with the government, further capital investment activities at its Tulkubash Project will be suspended until agreement is reached. Source - Mail]]></description>
<pubDate>Mon, 16 Apr 2012 00:00:00 +0100</pubDate>
<guid></guid>
</item>
<item>
<title><![CDATA[News - Chaarat Gold: Total resources increase 27 pct to 5.59 mln ounces ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/39760/chaarat-gold-total-resources-increase-27-pct-to-559-mln-ounces--39760.html</link>
<description><![CDATA[<p><a href="http://www.proactiveinvestors.co.uk/companies/overview/322/Chaarat+Gold" class="companyPopupTrigger" rel="322">Chaarat Gold</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/322/chaarat-gold-0322.html" class="companyPopupTrigger" rel="322">LON:CGH</a>) today unveiled a new resource estimate for its flagship project in the Kyrgyz Republic.</p>
<p>The Chaarat resource has increased by 27 per cent to 5.59 million ounces of gold.</p>
<p>The upgrade is based on the findings of last year’s drill programme which tested the group’s three main project areas - the Tulkubash pit area, and the Contact and Main underground project areas.</p>
<p>Tulkbash will be the first part of the Chaarat project to come online, with mining starting up this summer and production following next year once the processing plant is complete. </p>
<p>Today’s resource update saw the Tulkubash resource grow 56 per cent to 501,000 ounces, from 321,000.</p>
<p>Chief executive Dekel Golan said: "2011 was another excellent year during which we added over a million ounces of gold to our resource. </p>
<p>“I believe that the tremendous potential of Chaarat is being demonstrated by successful, rigorous exploration activity and the development of the infrastructure needed to support a large-scale operation.”</p>
<p>He adds: “The significantly improved political climate in the Kyrgyz Republic is giving a welcome added impetus to our operations during this development phase, whilst the Tulkubash Project, the non-refractory section of the deposit, is being fast tracked to development in order to stimulate early cash flow for the company. </p>
<p>“These are exciting times for us at Chaarat."</p>
<p>Last year, Chaarat carried out a total of around 29,000 metres of drilling in 171 new drill holes.</p>
<p>As well as increasing the non-refractory resource, at Tulkubash, the company also increased the resources in the two underground refractory resources – Contact and Main.</p>
<p>In total the refractory resource increased 25 per cent to 5.09 million ounces of gold.</p>
<p>The ‘Contact’ resource increased 39 per cent from last year and it is now estimated to contain 2.78 million ounces of gold, while the resource at the ‘Main’ area increased 17 per cent to 1.51 million ounces.</p>
<p>Chaarat said that it expects the size of the ‘Main’ deposit to increase significantly in the future, once it has carried out underground drilling.</p>
<p> </p> ]]></description>
<pubDate>Mon, 05 Mar 2012 07:50:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/39760/chaarat-gold-total-resources-increase-27-pct-to-559-mln-ounces--39760.html</guid>
</item>
<item>
<title><![CDATA[RNS press release - Chaarat Gold Holdings Ltd : Resource Update ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120305cghh1148/</link>
<description><![CDATA[]]></description>
<pubDate>Mon, 05 Mar 2012 07:00:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120305cghh1148/</guid>
</item>
<item>
<title><![CDATA[RNS press release - Chaarat Gold Holdings Ltd : Change of Adviser ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/120119cghh8534/</link>
<description><![CDATA[]]></description>
<pubDate>Thu, 19 Jan 2012 07:00:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/120119cghh8534/</guid>
</item>
<item>
<title><![CDATA[RNS press release - Chaarat Gold Holdings Ltd: Issue of Share Options ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/111222cghh3406/</link>
<description><![CDATA[]]></description>
<pubDate>Thu, 22 Dec 2011 11:03:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/111222cghh3406/</guid>
</item>
<item>
<title><![CDATA[News - Chaarat Gold issues share options to directors ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/37993/chaarat-gold-issues-share-options-to-directors-37993.html</link>
<description><![CDATA[<p>AIM quoted mine developer <a href="http://www.proactiveinvestors.co.uk/companies/overview/322/Chaarat+Gold" class="companyPopupTrigger" rel="322">Chaarat Gold</a> today announced that it has issued around 3.5 million share options to directors and employees.</p>
<p>The options are exercisable between one and eight years from now and they can be exercised at a price of 27p.</p>
<p>Chief executive Dekel Golan was granted around 900,000 options, while finance director Linda Naylor and non executive director Alex Novak were issued 555,556 and 500,000 respectively. </p>
<p>Also chairman Christopher Palmer-Tomkinson and non executive director Rob Weinberg were each granted around 100,000 options each. Then a further 1.5 million options were given to other employees.</p>
<p>Chaarat is currently developing the Tulkubash open pit and the underground Kiziltash mines in the Tien Shan mountains in the Kyrgyz Republic.</p>
<p> </p> ]]></description>
<pubDate>Thu, 22 Dec 2011 08:22:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/37993/chaarat-gold-issues-share-options-to-directors-37993.html</guid>
</item>
<item>
<title><![CDATA[RNS press release - Chaarat Gold Holdings Ltd : Director/PDMR Sharehol ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/111219cghh2360/</link>
<description><![CDATA[]]></description>
<pubDate>Mon, 19 Dec 2011 12:40:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/111219cghh2360/</guid>
</item>
<item>
<title><![CDATA[News - Chaarat Gold’s Tulkubash project on target to start production in 2013 ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/36656/chaarat-golds-tulkubash-project-on-target-to-start-production-in-2013-36656.html</link>
<description><![CDATA[<p>Kyrgyzstan-focused <a href="http://www.proactiveinvestors.co.uk/companies/overview/322/Chaarat+Gold" class="companyPopupTrigger" rel="322">Chaarat Gold</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/322/chaarat-gold-0322.html" class="companyPopupTrigger" rel="322">LON:CGH</a>) reported this morning that its Tulkubash project is on target for production in 2013 and that its gold resource there has been increased by 56 per cent to 501,000 ounces at 2.92 grams per tonne.</p>
<p>Chaarat, whose projects are located on the highly-prospective Tien Shan Gold Belt area of Central Asia, added that significant potential to further upgrade its resource and reserve at Tulkubash had been identified.</p>
<p>Chaarat said that during the 2011 exploration season work was focused on improving the resource and generating reserves from the “open pittable” section of the Central Tulkubash section of the ore body, yielding encouraging results.<br /><br />According to the firm, this work helped improve its understanding of the Tulkubash project to the extent that it now believes that the resource may have the capability of supporting production at a rate of 2,500 tonnes per day.</p>
<p>A total of 15,413 metres of drilling generated an open pittable resource of 404,000 ounces (from a total of 501,000 ounces) at a grade of 2.92 grams per tonne. Chaarat said that further drill results to the south and north of the zone indicate that the reserve can be increased significantly.</p>
<p>Meanwhile, the firm is waiting on approval of to convert the Tulkubash permit to a mining permit after submitting a report that shows it has defined sufficient reserves to justify its grant.<br /><br />After the grant of the mining permit, Chaarat will be required to prepare a detailed preliminary project design, and the firm is already working on this. In the absence of unforeseen delays, said Chaarat, it expects permitting will be complete in time for it to begin production in the second quarter of 2013.</p> ]]></description>
<pubDate>Wed, 07 Dec 2011 07:29:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/36656/chaarat-golds-tulkubash-project-on-target-to-start-production-in-2013-36656.html</guid>
</item>
<item>
<title><![CDATA[RNS press release - Chaarat Gold Holdings Ltd: Tulkubash project updat ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/111207cghh9574/</link>
<description><![CDATA[]]></description>
<pubDate>Wed, 07 Dec 2011 07:00:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/111207cghh9574/</guid>
</item>
<item>
<title><![CDATA[News - Chaarat Gold: Frontier gold explorer on track to produce 200,000 ounces per annum by 2015 ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/36518/chaarat-gold-frontier-gold-explorer-on-track-to-produce-200000-ounces-per-annum-by-2015--36518.html</link>
<description><![CDATA[<p>Kyrgyzstan is already a significant exporter of gold thanks to the country’s Kumtor mine, which after 16 years in operation has produced several million ounces of gold. Chaarat believes it has an opportunity to duplicate that success</p>]]></description>
<pubDate>Mon, 05 Dec 2011 10:36:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/36518/chaarat-gold-frontier-gold-explorer-on-track-to-produce-200000-ounces-per-annum-by-2015--36518.html</guid>
</item>
<item>
<title><![CDATA[News - UPDATE: Chaarat upbeat over Tulkubash extension drilling ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/35959/update-chaarat-upbeat-over-tulkubash-extension-drilling-35959.html</link>
<description><![CDATA[<p><strong>---Adds broker comments and share price --- </strong></p>
<p><a href="http://proactiveinvestors.co.uk/companies/overview/322/Chaarat+Gold" class="companyPopupTrigger" rel="322">Chaarat Gold</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/322/chaarat-gold-0322.html" class="companyPopupTrigger" rel="322">LON:CGH</a>) has reported a positive result from its ongoing drilling programme in the Tulkubash Project in north western Kyrgyzstan. <br /><br />The Kyrgyz - focused gold group said its Tulkubash mineralisation had extended from a previous strike of 360 metres to 920 metres and is still open towards the northeast. <br /><br />Dekel Golan, chief executive, said the group was “very encouraged” by the results as they demonstrated the significant extension, potential and actual, of the Tulkubash zone.<br /><br />“The prospect of extended strike, as well as improved predictability and continuity, which is effectively confirmed by this drilling, will potentially enable Chaarat to increase production from this low cost ore body and further improve its profit potential for the early years of operation,” he added.<br /><br />Chaarat said that 19 out of 20 holes drilled in the north west extension and 9 holes in the south eastern extension intersected mineralisation at the predicted depth. The range of results included 6.25m at 8.58 g/t gold and 11.25m at 8.21 g/t gold at the top end to 11.25m at 2.19 g/t gold.<br /><br />Mr Golan added: “We are confident that the scenario should improve further with drilling along strike, especially to the north east of the zone; drilling which will commence during the spring of next year. An updated resource and reserve estimate based on the 2011 drilling will be released early in 2012."<br /><br />A previous resource estimate based on 2010 drilling showed indicated and inferred resources of 321,000 ounces at a grade of 4.00 g/t in a portion of the Tulkubash zone. The Tulkubash Zone is one of three major zones of mineralisation within the <a href="http://proactiveinvestors.co.uk/companies/overview/322/Chaarat+Gold" class="companyPopupTrigger" rel="322">Chaarat Gold</a> Project.<br /><br />Following the update, analyst Yuen Low of broker Shore Capital, highlighted that an updated resource and reserve estimate was expected in early 2012. <br /><br />"The extended strike should have a positive impact on project economics. Although too early to quantify, we expect a positive impact on the share price," he said.<br /><br />As at 2.52 pm, the firm's shares were up 2.88 per cent, to trade at 26.75 pence.</p> ]]></description>
<pubDate>Tue, 22 Nov 2011 15:04:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/35959/update-chaarat-upbeat-over-tulkubash-extension-drilling-35959.html</guid>
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<title><![CDATA[News - Chaarat upbeat over Tulkubash extension drilling ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/35935/chaarat-upbeat-over-tulkubash-extension-drilling-35935.html</link>
<description><![CDATA[<p><a href="http://www.proactiveinvestors.co.uk/companies/overview/322/Chaarat+Gold" class="companyPopupTrigger" rel="322">Chaarat Gold</a> (<a href="http://www.proactiveinvestors.co.uk/companies/overview/322/chaarat-gold-0322.html" class="companyPopupTrigger" rel="322">LON:CGH</a>) has reported a positive result from its ongoing drilling programme in the Tulkubash Project in north western Kyrgyzstan. </p>
<p>The Kyrgyz - focused gold group said its Tulkubash mineralisation had extended from a previous strike of 360 metres to 920 metres and is still open towards the northeast. </p>
<p>Dekel Golan, chief executive, said the group was “very encouraged” by the results as they demonstrated the significant extension, potential and actual, of the Tulkubash zone.</p>
<p>“The prospect of extended strike, as well as improved predictability and continuity, which is effectively confirmed by this drilling, will potentially enable Chaarat to increase production from this low cost ore body and further improve its profit potential for the early years of operation,” he added.</p>
<p>Chaarat said that 19 out of 20 holes drilled in the north west extension and 9 holes in the south eastern extension intersected mineralisation at the predicted depth. The range of results included 6.25m at 8.58 g/t and 11.25m at 8.21 g/t at the top end to 11.25m at 2.19 g/t.</p>
<p>Mr Golan added: “We are confident that the scenario should improve further with drilling along strike, especially to the north east of the zone; drilling which will commence during the spring of next year. An updated resource and reserve estimate based on the 2011 drilling will be released early in 2012."</p>
<p>A previous resource estimate based on 2010 drilling showed indicated and inferred resources of 321,000 ounces at a grade of 4.00 g/t in a portion of the Tulkubash zone. The Tulkubash Zone is one of three major zones of mineralisation within the <a href="http://www.proactiveinvestors.co.uk/companies/overview/322/Chaarat+Gold" class="companyPopupTrigger" rel="322">Chaarat Gold</a> Project.</p> ]]></description>
<pubDate>Tue, 22 Nov 2011 07:47:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/35935/chaarat-upbeat-over-tulkubash-extension-drilling-35935.html</guid>
</item>
<item>
<title><![CDATA[RNS press release - Chaarat Gold Holdings Ltd: Tulkubash drilling upda ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/111122cghh5509/</link>
<description><![CDATA[]]></description>
<pubDate>Tue, 22 Nov 2011 07:00:00 +0000</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/111122cghh5509/</guid>
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<item>
<title><![CDATA[Broker press ]]></title>
<link></link>
<description><![CDATA[22.11.11: +0.75, (26.75) Press: Chaarat Gold rose after a drilling update from its Tulkubash Project. The company revealed an extended strike of 920 metres ? nearly trebling from 360 metres ? and said it expected further improvements when drilling commences in spring 2012. Source - Financial Times]]></description>
<pubDate>Tue, 22 Nov 2011 00:00:00 +0000</pubDate>
<guid></guid>
</item>
<item>
<title><![CDATA[News - Chaarat Gold chairman Palmer-Tomkinson buys company shares ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/34722/chaarat-gold-chairman-palmer-tomkinson-buys-company-shares-34722.html</link>
<description><![CDATA[<p>
<p>Chaarat Gold (<a href="/companies/overview/322/chaarat-gold-0322.html">LON:CGH</a>) this afternoon told investors that its chairman Christopher Palmer-Tomkinson has increased his stake in the company by acquiring an additional 100,000 shares.<br /><br />Palmer-Tomkinson bought through separate deals shares on Friday and today. He paid an average price of 27p a share.<br /><br />The chairman now owns 10.1 million shares, which represents around 4 per cent of the company.<br /><br />Last month, the Kyrgyzstan-focused firm revealed its half year results, saying it had made steady progress in its bid to begin production late next year or early in 2013.<br /><br />Its flagship Chaarat project is split between two main deposits - the Kiziltash underground mine (also referred to as the ‘contact zone’), and the Tulkubash open-pit project.<br /><br />The project contains 4.736 million ounces of gold in total indicated and inferred resources and the firm aims to become a low cost gold producer - with first production coming from the Tulkubash project.<br /><br />When the Kiziltash project comes on stream too, the company is targeting combined annual production of more than 200,000 ounces per year.</p>
</p>]]></description>
<pubDate>Mon, 24 Oct 2011 15:05:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/34722/chaarat-gold-chairman-palmer-tomkinson-buys-company-shares-34722.html</guid>
</item>
<item>
<title><![CDATA[RNS press release - Chaarat Gold Holdings Ltd : Director/PDMR Sharehol ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/rns/111024h7347/</link>
<description><![CDATA[]]></description>
<pubDate>Mon, 24 Oct 2011 14:39:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/rns/111024h7347/</guid>
</item>
<item>
<title><![CDATA[News - Chaarat Gold: CNMIM representatives resign from board after its stake falls below ten per cent ]]></title>
<link>http://www.proactiveinvestors.co.uk/companies/news/34439/chaarat-gold-cnmim-representatives-resign-from-board-after-its-stake-falls-below-ten-per-cent-34439.html</link>
<description><![CDATA[<p>Chaarat Gold (<a href="http://www.proactiveinvestors.co.uk/companies/overview/322/chaarat-gold-0322.html"></a><a href="http://www.proactiveinvestors.co.uk/companies/overview/322/chaarat-gold-0322.html"><a href="/companies/overview/322/chaarat-gold-0322.html">LON:CGH</a></a>) has revealed that David Tang and Luo Tang - the representatives of China Nonferrous Metals and Mining Co Ltd (CNMIM) - have stepped down from the board.<br /><br />CNMIM was entitled to appoint two directors to Chaarat's board under an agreement in 2009 as long as its stake in the firm stood at or above 10 percent. <br /> <br />Chaarat said today that following the placing completed in March this year, CNMIM's holding was diluted to below 9 per cent.<br /><br />The company said today that its management and CNMIM would continue to work together and that despite the resignations, CNMIM had said all options in respect of its holding in the company and participation in the project remained open.<br /><br />Lang and Tao resigned as non-executive directors of Chaarat's board on October 14.<br /><br />Chaarat's chairman Christopher Palmer-Tomkinson said: "We wish to thank David Tang and Luo Tao for their valuable contribution to Chaarat's development. <br /><br />"We are delighted that we will continue to work together as we move towards production."<br /><br />Last month, the Kyrgyzstan-focused firm revealed its half year results, saying it had made steady progress in its bid to begin production late next year or early in 2013.<br /><br />Its flagship Chaarat project is split between two main deposits - the Kiziltash underground mine (also referred to as the ‘contact zone’), and the Tulkubash open-pit project.<br /><br />The project contains 4.736 million ounces of gold in total indicated and inferred resources and the firm aims to become a low cost gold producer - with first production coming from the Tulkubash project.<br /><br />When the Kiziltash project comes on stream too, the company is targeting combined annual production of more than 200,000 ounces per year.</p>]]></description>
<pubDate>Mon, 17 Oct 2011 11:00:00 +0100</pubDate>
<guid>http://www.proactiveinvestors.co.uk/companies/news/34439/chaarat-gold-cnmim-representatives-resign-from-board-after-its-stake-falls-below-ten-per-cent-34439.html</guid>
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Chaarat Gold (LON:CGH) today told investors that parts the Tulkubash development programme have been put on hold as it enters talks with the government of the Kyrgyz Republic.
The firm believes that the mine development programme will take place ‘only a few months’ later than planned. And the project will still start gold production next year, it says.
The talks come as the Kyrgyz Republic put the fiscal regime governing mining companies under review. And Chaarat says it is aware that the fiscal regime is likely to change.
So to mitigate any uncertainty concerning the impact on the Chaarat project, comprising the proposed Tulkubash and Kiziltash mines, direct negotiations are being held.
Chaarat said it aims to establish a mutually agreed Investment Agreement which would secure long term stability for the project. This would include a ‘stabilisation clause’ protecting the company from changes to taxation, ownership structure and royalties, it added.
The government supports this approach and the company believes it is the most responsible way to ensure ‘economic predictability’, Chaarat explained.
Permitting activities will continue in the meantime and they will not be interrupted by the negotiations.
"Many countries have recently changed their mining fiscal regime and others are likely to follow,” said chief executive Dekel Golan.
“This situation creates uncertainty which makes financial planning harder, especially for junior companies.
"The Board of Chaarat is taking a proactive approach and is entering into negotiations with the Kyrgyz Government with a view to establishing an agreement in law that is both satisfactory for the Government and provides greater certainty over the financial planning horizon for the company.”
He adds: “We have confidence that these discussions will yield a positive long term benefit for shareholders.”
The company also said today that it is satisfied that the Tulkubash mine development budget remains adequate and it has completed the design and engineering part of the project.
The firm also says that an option to upgrade the design so that output capacity is doubled would be viable and within budget. And it is currently considering this option.
It said it would use the ‘suspension period’ to attempt to increase the Tulkubash reserves with further drilling. The drill results would be used to complete a definitive feasibility study based on the higher production rate.
Chaarat says it will seek additional investment to help it achieve this higher production rate as well as source a lower power source, which would in both cases improve the projects economics and value.
It said that a number of funding options are available to it. And any equity based funding would only be considered if the funding price is at least equal the 50p price it raised £51 million at last March, Chaarat added.
]]>The Chaarat resource has increased by 27 per cent to 5.59 million ounces of gold.
The upgrade is based on the findings of last year’s drill programme which tested the group’s three main project areas - the Tulkubash pit area, and the Contact and Main underground project areas.
Tulkbash will be the first part of the Chaarat project to come online, with mining starting up this summer and production following next year once the processing plant is complete.
Today’s resource update saw the Tulkubash resource grow 56 per cent to 501,000 ounces, from 321,000.
Chief executive Dekel Golan said: "2011 was another excellent year during which we added over a million ounces of gold to our resource.
“I believe that the tremendous potential of Chaarat is being demonstrated by successful, rigorous exploration activity and the development of the infrastructure needed to support a large-scale operation.”
He adds: “The significantly improved political climate in the Kyrgyz Republic is giving a welcome added impetus to our operations during this development phase, whilst the Tulkubash Project, the non-refractory section of the deposit, is being fast tracked to development in order to stimulate early cash flow for the company.
“These are exciting times for us at Chaarat."
Last year, Chaarat carried out a total of around 29,000 metres of drilling in 171 new drill holes.
As well as increasing the non-refractory resource, at Tulkubash, the company also increased the resources in the two underground refractory resources – Contact and Main.
In total the refractory resource increased 25 per cent to 5.09 million ounces of gold.
The ‘Contact’ resource increased 39 per cent from last year and it is now estimated to contain 2.78 million ounces of gold, while the resource at the ‘Main’ area increased 17 per cent to 1.51 million ounces.
Chaarat said that it expects the size of the ‘Main’ deposit to increase significantly in the future, once it has carried out underground drilling.
]]>
The options are exercisable between one and eight years from now and they can be exercised at a price of 27p.
Chief executive Dekel Golan was granted around 900,000 options, while finance director Linda Naylor and non executive director Alex Novak were issued 555,556 and 500,000 respectively.
Also chairman Christopher Palmer-Tomkinson and non executive director Rob Weinberg were each granted around 100,000 options each. Then a further 1.5 million options were given to other employees.
Chaarat is currently developing the Tulkubash open pit and the underground Kiziltash mines in the Tien Shan mountains in the Kyrgyz Republic.
]]>
Chaarat, whose projects are located on the highly-prospective Tien Shan Gold Belt area of Central Asia, added that significant potential to further upgrade its resource and reserve at Tulkubash had been identified.
Chaarat said that during the 2011 exploration season work was focused on improving the resource and generating reserves from the “open pittable” section of the Central Tulkubash section of the ore body, yielding encouraging results.
According to the firm, this work helped improve its understanding of the Tulkubash project to the extent that it now believes that the resource may have the capability of supporting production at a rate of 2,500 tonnes per day.
A total of 15,413 metres of drilling generated an open pittable resource of 404,000 ounces (from a total of 501,000 ounces) at a grade of 2.92 grams per tonne. Chaarat said that further drill results to the south and north of the zone indicate that the reserve can be increased significantly.
Meanwhile, the firm is waiting on approval of to convert the Tulkubash permit to a mining permit after submitting a report that shows it has defined sufficient reserves to justify its grant.
After the grant of the mining permit, Chaarat will be required to prepare a detailed preliminary project design, and the firm is already working on this. In the absence of unforeseen delays, said Chaarat, it expects permitting will be complete in time for it to begin production in the second quarter of 2013.
Chaarat Gold (LON:CGH) has reported a positive result from its ongoing drilling programme in the Tulkubash Project in north western Kyrgyzstan.
The Kyrgyz - focused gold group said its Tulkubash mineralisation had extended from a previous strike of 360 metres to 920 metres and is still open towards the northeast.
Dekel Golan, chief executive, said the group was “very encouraged” by the results as they demonstrated the significant extension, potential and actual, of the Tulkubash zone.
“The prospect of extended strike, as well as improved predictability and continuity, which is effectively confirmed by this drilling, will potentially enable Chaarat to increase production from this low cost ore body and further improve its profit potential for the early years of operation,” he added.
Chaarat said that 19 out of 20 holes drilled in the north west extension and 9 holes in the south eastern extension intersected mineralisation at the predicted depth. The range of results included 6.25m at 8.58 g/t gold and 11.25m at 8.21 g/t gold at the top end to 11.25m at 2.19 g/t gold.
Mr Golan added: “We are confident that the scenario should improve further with drilling along strike, especially to the north east of the zone; drilling which will commence during the spring of next year. An updated resource and reserve estimate based on the 2011 drilling will be released early in 2012."
A previous resource estimate based on 2010 drilling showed indicated and inferred resources of 321,000 ounces at a grade of 4.00 g/t in a portion of the Tulkubash zone. The Tulkubash Zone is one of three major zones of mineralisation within the Chaarat Gold Project.
Following the update, analyst Yuen Low of broker Shore Capital, highlighted that an updated resource and reserve estimate was expected in early 2012.
"The extended strike should have a positive impact on project economics. Although too early to quantify, we expect a positive impact on the share price," he said.
As at 2.52 pm, the firm's shares were up 2.88 per cent, to trade at 26.75 pence.
The Kyrgyz - focused gold group said its Tulkubash mineralisation had extended from a previous strike of 360 metres to 920 metres and is still open towards the northeast.
Dekel Golan, chief executive, said the group was “very encouraged” by the results as they demonstrated the significant extension, potential and actual, of the Tulkubash zone.
“The prospect of extended strike, as well as improved predictability and continuity, which is effectively confirmed by this drilling, will potentially enable Chaarat to increase production from this low cost ore body and further improve its profit potential for the early years of operation,” he added.
Chaarat said that 19 out of 20 holes drilled in the north west extension and 9 holes in the south eastern extension intersected mineralisation at the predicted depth. The range of results included 6.25m at 8.58 g/t and 11.25m at 8.21 g/t at the top end to 11.25m at 2.19 g/t.
Mr Golan added: “We are confident that the scenario should improve further with drilling along strike, especially to the north east of the zone; drilling which will commence during the spring of next year. An updated resource and reserve estimate based on the 2011 drilling will be released early in 2012."
A previous resource estimate based on 2010 drilling showed indicated and inferred resources of 321,000 ounces at a grade of 4.00 g/t in a portion of the Tulkubash zone. The Tulkubash Zone is one of three major zones of mineralisation within the Chaarat Gold Project.
]]>Chaarat Gold (LON:CGH) this afternoon told investors that its chairman Christopher Palmer-Tomkinson has increased his stake in the company by acquiring an additional 100,000 shares.
Palmer-Tomkinson bought through separate deals shares on Friday and today. He paid an average price of 27p a share.
The chairman now owns 10.1 million shares, which represents around 4 per cent of the company.
Last month, the Kyrgyzstan-focused firm revealed its half year results, saying it had made steady progress in its bid to begin production late next year or early in 2013.
Its flagship Chaarat project is split between two main deposits - the Kiziltash underground mine (also referred to as the ‘contact zone’), and the Tulkubash open-pit project.
The project contains 4.736 million ounces of gold in total indicated and inferred resources and the firm aims to become a low cost gold producer - with first production coming from the Tulkubash project.
When the Kiziltash project comes on stream too, the company is targeting combined annual production of more than 200,000 ounces per year.