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Chaarat Gold lands full local permit for Tulkubash project

“Our efforts are now fully directed towards completing the feasibility study and advancing to project construction"
gold bars
The Tulkubash heap leach project has been approved for construction

Chaarat Gold Holdings Ltd (LON:CGH) told investors it has secured full local permit in the Kyrgyz Republic for the Tulkubash project.

The company said in a statement that the licence agreement has been signed by the government, confirming approval for the plan to take stage one and two of the Chaarat project into production.

READ: Chaarat puts new incentives in place for achievement of Tulkubash milestones

Specifically, the Tulkubash heap leach project has been approved for construction, and the stage two refractory deposit can be developed when appropriate.

Local environmental impact assessments and mitigation strategies have been approved, and the land allocations for the main operational and infrastructure facilities have been secured.

"Securing the approval of the Technical Project is another positive milestone in our path to putting the Tulkubash heap leach project into production,” said chief executive Robert Benbow.

“Our efforts are now fully directed towards completing the feasibility study and advancing to project construction. 

READ: Chaarat shuffles boardroom deck

“Our local team has worked hard to gain approval ahead of the Presidential elections in October.”

He, meanwhile, added: “We are also pleased to note the positive outcome to the long running dispute between the Kyrgyz government and Centerra relating to the Kumtor mine. 

“This is an encouraging sign for all mining companies operating in the Kyrgyz Republic and their stakeholders.”

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Chaarat Gold Holdings Ltd Timeline

July 10 2017

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