Sign up UNITED KINGDOM
Proactive Investors - Run By Investors For Investors

Chaarat Gold says feasibility study for Tulkubash gold project in Kyrgyz Republic will be ready in early 2018

A feasibility study, including the newly added resource from this summer's drilling campaign, is expected to be available in the first quarter of 2018.
picture of gold
Tulkubush should start production in 2019

Chaarat Gold Holdings Ltd (LON:CGH) is confident of first production from its gold mine in the Kygyrz Republic in the first half of 2019.

Dekel Golan, chief executive, said that the Bankable Feasibility Study for the first stage Tulkubash open pit and heap leach is substantially complete subject to the results of this summer's drilling while the local permitting process was also well advanced with most documents submitted.

The full study, including the newly added resource from this summer's drilling campaign, is expected to be available in the first quarter of 2018. This will include an updated resource and reserve to extend the life of the mine.

READ: Chaarat Gold has strategic importance of gold deposit confirmed at forum

“We expect to be able to deliver on our promise to be in production during the first half of 2019 and we will continue to update you as we make progress.

"The board remains convinced that the decision to proceed to production from the Chaarat Project by means of the stage one Tulkubash Heap Leach Project is the best way to unlock the value of the Chaarat deposit.”

Chaarat is still in the development stage and losses for the 2016 year were US$4.45mln (US$4.6mln).

View full CGH profile View Profile

Chaarat Gold Holdings Ltd Timeline

RNS
February 14 2018
RNS
February 02 2018
RNS
January 31 2018
RNS
December 21 2017
RNS
December 04 2017

Related Articles

Gold Road Resources' Ian Murray with investors at Proactive's CEO Sessions
October 06 2017
Ian Murray discussed gold exploration plans with investors at Proactive's CEO Sessions.
periodic table
September 14 2017
Araguaia is set to come on stream as a major new nickel project just as many analysts predict there will be an upswing in the nickel price
1505138554_Eastmain1.png
September 11 2017
Eau Claire lies within the group's 100% owned Clearwater property in James Bay.

No investment advice

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

© Proactive Investors 2018

Proactive Investor UK Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use