Katoro Gold PLC - Blyvoor Gold Production JV - Project Update
(Registration Number: 9306219)
Share code on AIM: KAT
("Katoro" or "the Company")
Blyvoor Gold Production JV - Project Update
The Company is delighted to announce that the JV-management and technical team will be conducting an extensive site visit from 1 to
Blyvoor Project Financing
The Company announced on
The Company has now progressed the funding process to the point where it is finalising a shortlist of potential financing partners and is working closely with these potential finance partners, advisors, and its JV partners, to finalise an appropriate project level financing package. As this continues to be adversely impacted by COVID-19 associated delays, the JV-management will, during the site visit on 1 and
The Company expects to provide a further update to the market in respect of project level financing and associated timelines shortly after completion of the site visit referred to above.
Definitive Feasibility Study
The upcoming site visit will mark the commencement of the resource upgrade programme that forms part of the technical work required for the completion of the Definitive Feasibility Study ("DFS"). The resource upgrade programme will consist of both an exploration and geotechnical drill programme as well as confirmatory metallurgical test work. The programme will increase the resource confidence level to declare a probable reserve for DFS purposes. It will also provide critical metallurgical data to ensure optimal gold recovery rates in the final detail design of the gold processing plant required to process the Blyvoor tailings.
"In the meantime, we are pushing ahead at pace with the DFS and other work programmes focused on preparing for gold production and remain confident that the timelines set out in previous announcements will still be achieved.
"This is an intensive, but highly exciting point in the Company's development and we are looking forward to providing further updates to the market as we continue to progress towards first gold production from the Blyvoor tailings facilities."
This announcement contains inside information as stipulated under the Market Abuse Regulations (EU) no. 596/2014.
For further information please visit www.katorogold.com or contact:
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+44 20 3440 6800
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+44 (0) 1483 413 500
SI Capital Ltd
+44 (0) 20 7236 1177
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Investor and Media Relations Adviser
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