(NewsDirect)
Kingsgate Consolidated Ltd (ASX:KCN) CEO and managing directorJamie Gibson sits down with Proactive’s Jonathan Jackson to discussthe Pacific Rim gold producer’s latest developments. The companyowns the Chatree Gold Mine in central Thailand and the Nueva EsperanzaDevelopment Project in northern Chile's Maricunga gold and silverbelt. The flagship Chatree Gold Mine has produced 1.8 million ouncesof gold and 10 million ounces of silver from 2001 to 2016. It operatesas a large-scale, low-cost, open-pit mine with a processing capacityof over 5 million tonnes per annum across two plants. The mine has aremaining life of approximately nine years based on a 1.3million-ounce gold reserve. Operations at Chatree resumed in March2023, and the company is focusing on completing the Plant #1 OverhaulProject to return to steady-state production of 100,000–120,000ounces of gold annually. Kingsgate recently announced that Plant #1 atChatree has been permitted to operate following an inspection by theDepartment of Primary Industries and Mines. Full commissioning and aramp-up to full operations are underway. Gibson highlighted thesignificance of this milestone in rebuilding the Chatree Gold Mine andunlocking its full potential. Additionally, Kingsgate reported ongoingsuccessful exploration at the Chalawan and Kumpee prospects nearChatree which are run by Akara Resources, with significant goldintersections. A combined total of 39 reverse circulation (RC) holeswere drilled, revealing promising results. There is optimism aboutfurther exploration potential and plans for targeted drilling andgeophysical surveys to unlock greater value at Chatree.
ContactDetails
Proactive Investors
JonathanJackson
+61 413 713 744
jonathan@proactiveinvestors.com
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