Chaarat Gold sees Tulkubash project costing $110m to the build
Source - SMW
Chaarat Gold said a study indicated its Tulkubash oxide gold project in the Kyrgyz Republic would cost around $110m to the build.
A bankable feasibility study also indicated that the project had an initial reserves base of 22.2m tonnes of ore grading 0.92 grams per tonne of gold.
Average gold production was estimated at 94,000 ounces per annum, with peak production during steady state operations in excess of 111,000 ounces per annum.
Average cash operating costs were estimated at $678 per ounce and all-in sustaining cost at $819 per ounce, including taxes.
At 1:59pm: (LON:CGH) Chaarat Gold Holdings Ltd share price was +0.4p at 30.8p