Road Town, Tortola, British Virgin Islands (28 September 2015)
Chaarat (AIM - CGH), the AIM quoted exploration and development company with assets in the Kyrgyz Republic, today publishes its unaudited results for the period ended 30 June 2015. Chaarat is preparing a Definitive Feasibility Study (DFS) and continuing its active community engagement programme to optimise the value of the Chaarat investment proposition.
HIGHLIGHTS
· Solid progress to production as the DFS edges towards completion
· Public hearings process successfully completed - local communities support the Chaarat Project
· Sterilisation work completed at site
· Recruitment of production focussed Chaarat team underway
Dekel Golan, Chief Executive Officer of Chaarat, commented:
'The challenges of bringing the Chaarat Project to production cannot be ignored but I am excited as I see our plans start to coalesce. I recently had the pleasure of showing the Chaarat site to our new analyst at Numis. As he reported on his return to the UK, 'the puzzle is coming together … the project has significant flexibility and options to ease the development and funding pathway'. With the continued interest of potential joint venture partners and outright purchasers, pending the delivery of the DFS, these are indeed exciting times for one of the largest and best undeveloped deposits in the world.'
|
Enquiries: Chaarat Gold Holdings Limited
|
+ 44 20 7499 2612
|
|
c/o Central Asia Services Limited
|
|
|
Dekel Golan CEO
|
|
Linda Naylor FD
|
|
Numis Securities Limited
|
+44 (0) 20 7260 1000
|
|
John Prior, Paul Gillam (NOMAD)
|
|
James Black (Broker)
|
To continue reading this noodl, please get the original version here.