Chaarat Gold Not a Partner of China’s Second Largest Gold Producer

gold bars

Chaarat Gold has scrapped the small-scale, early production/cash movement choice for its namesake Kyrgyzstan gold plan for a DFS and continues to be no nearer to getting China’s second largest gold producer, Shandong Gold Group, as a development partner for the 5.76Moz project.
The DFS data collection process is in progress and the research expected in Q3 2014.
Reporting a $US11.5M loss for the Dec 2012 year, slightly better compared to the previous year’s $12.4M loss, chairman Christopher Palmer-Tomkinson stated that, after the 2010-2011 PFS, the microscopic scale production option directed at de-risking the entire project, have been taped.