The bankable feasibility currently underway at the Tulkubash project owned by Chaarat Gold Holdings Ltd (LON:CGH) is scheduled for completion by the end of the first half of this year.
The project has also recently been endorsed by local leaders in the Kyrgyz Republic, following meetings attended company chairman Martin Andersson in the capital Bishkek. Among those in attendance was the prime minister of Kyrgyzstan, Sooronbay Jeenbekov.
Separately, Chaarat has appointed Rob Benbow as chief operating officer. Benbow is an experienced mine developer and includes on his CV work bringing Alacer’s Çöpler gold mine on stream.
"I have just returned from a visit to the Kyrgyz Republic during which I met the Prime Minister, the Speaker of the Parliament and two previous Prime Ministers,” said chairman Martin Andersson.
“I was pleased to see the general interest in attracting foreign direct investment into the country and the support for developing Chaarat in particular. With Bob, a seasoned and experienced mine builder and operator, joining the team and the feedback we are receiving from financial institutions and the teams preparing the BFS, the development of the Tulkubash Project is progressing according to plan."