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Chaarat Gold Holdings Ltd.
Summary
| Project: | Chaarat | |
|---|---|---|
| Deposit: | Tulkubash Zone | |
| Location: | Kyrgyz Republic | |
| Commodities: | Gold | |
| Date: | 6/4/2019 | |
| Report Code: | JORC | |
| Report Type: | Feasibility Study | |
| Project Stage: | Mine Development | |
| Report details: | 4-6-2019: Chaarat Gold Holdings Ltd. announces a Feasibility Study report for its Tulkubash Zone deposit at the Chaarat project. FS results incl. post-tax NPV of US $70M (5%), IRR of 20%, updated ore reserve. Chaarat (AIM:CGH), the AIM-quoted gold mining | |
| Resources: | (Reserve, P+P): 22.18Mt @ 0.92g/t Au for 658Koz Au contained | |
| CP/QP: | [Overall Report]: Dorian Nicol (Internal) | |
| ABSTRACT: | Chaarat (AIM:CGH), the AIM-quoted gold mining company with assets in the Kyrgyz Republic and Armenia, is pleased to provide an update of the JORC compliant bankable feasibility study for its majority owned Tulkubash Oxide Gold Project ("Tulkubash"). The bankable feasibility study ("BFS") update was independently prepared by LogiProc (Pty) Ltd in South Africa.OverviewThe feasibility study produced a 22.2Mt reserve, an increase of 39%, at an average grade of 0.92 g/t gold over an initial mine life of 5.3 years. Ongoing exploration will be carried out in parallel with the project development and the Company is confident that future exploration results will add significantly to the initial mine life ahead of first production, to enable Tulkubash to become a long-term cash generator to sustain the organic growth of Chaarat. | |
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