Katoro Gold PLC COVID-19 UPDATE (5240H)
25 March 2020 - 7:20PM
UK Regulatory
TIDMKAT
RNS Number : 5240H
Katoro Gold PLC
25 March 2020
Katoro Gold plc (Incorporated in England and Wales )
( Registration Number: 9306219)
Share code on AIM: KAT
ISIN: GB00BSNBL022
("Katoro" or "the Company")
25 March 2020
Katoro Gold plc ('Katoro' or the 'Company')
COVID-19 UPDATE
Katoro Gold plc (AIM: KAT), the AIM listed gold and nickel
exploration and development company with operations in Tanzania and
a Joint Venture ('JV') agreement to exploit six gold tailings dams
in South Africa, provides the following update in light of the
COVID-19 pandemic.
The South African Government has announced that the National
Coronavirus Command Council has decided to enforce a nationwide
lockdown for 21 days, with effect from midnight on 26 March 2020.
Furthermore, the Government of Tanzania has instituted travel
restrictions, effective 23 March 2020.
The safety and wellbeing of Katoro's employees and contractors
is the highest priority for the Company at this time. Accordingly,
in response to the outbreak of COVID-19, and in line with
government guidelines, a business continuity programme has been put
in place. This has resulted in all non-essential travel being
cancelled and all employees being asked to work from home.
Discussions and work in respect of the JV gold project remain
ongoing, to the extent that these can be advanced given prevailing
restrictions. Any activity on site will however be halted.
The situation and guidance being given in respect of COVID-19 is
an evolving one, which the Board will continue to actively
monitor.
Louis Coetzee, Executive Chairman of Katoro commented: "In this
unprecedented time, it is our priority and responsibility to ensure
the safety of our team. Accordingly, we are taking measures to
ensure we limit travel and movement and are following the guidance
of the authorities in the areas we operate. This is naturally a
rapidly evolving situation, which we continue to monitor, and
whilst certain activity has to be temporarily halted, we are
working remotely to progress operations and discussions to ensure
that we protect and advance the long-term value of our Company and
the interests of our stakeholders. We will continue to provide
updates on our business and operations as necessary. Finally, we
would like to take this opportunity to send our very best wishes to
all during this difficult time."
**ENDS**
For further information please visit www.katorogold.com or
contact:
Louis Coetzee louisc@katorogold.com Katoro Gold plc Executive Chairman
Richard Tulloch +44 (0) 20 7409 Strand Hanson Limited Nominated Adviser
Ritchie Balmer 3494
Georgia Langoulant
Nick Emmerson +44 (0) 1483 413 SI Capital Ltd Broker
Sam Lomanto 500
Isabel de Salis +44 (0) 20 7236 St Brides Partners Investor and Media
Beth Melluish 1177 Ltd Relations Adviser
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
UPDUVAWRRWUOURR
(END) Dow Jones Newswires
March 25, 2020 04:20 ET (08:20 GMT)
Katoro Gold (LSE:KAT)
Historical Stock Chart
From Apr 2024 to May 2024
Katoro Gold (LSE:KAT)
Historical Stock Chart
From May 2023 to May 2024