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21/05/2012

Chaarat Gold CEO looks to a long term stabilisation plan agreed with the govt

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Additional Information
Market: AIM
Sector: General Mining - Gold
EPIC: CGH
Latest Price: 17.75p  (-1.39% Descending)
52-week High: 45.50p
52-week Low: 17.50p
Market Cap: 44.46M
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Chaarat Gold
www.chaarat.com

Chaarat Gold is an exploration and development company operating in the Kyrgyz Republic.  The Company’s main activity is the development of the Kiziltash and Tulkubash projects situated within the Middle Tien Shan Mountains of Kyrgyzstan, which form part of the Tien Shan gold belt.  The Company has delineated a JORC compliant mineral resource of 4.406Moz at a grade of 4.20g/t gold across both projects. Chaarat's key objective is to become a low cost gold producer; with initial production from the Tulkubash project, targeting annual production of over 200,000 ounces per annum as the Kiziltash project comes on stream.

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Chaarat Gold issues share options to directors

22nd Dec 2011, 8:22 am by Jamie Ashcroft Chaarat is currently developing the Tulkubash open pit and the underground  Kiziltash mines in the Tien Shan mountains in the Kyrgyz Republic.

AIM quoted mine developer Chaarat Gold today announced that it has issued around 3.5 million share options to directors and employees.

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.

 

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