Katoro Gold PLC Blyvoor Gold Production JV Progress Update (8691X)
03 September 2020 - 5:00PM
UK Regulatory
TIDMKAT
RNS Number : 8691X
Katoro Gold PLC
03 September 2020
Katoro Gold plc (Incorporated in England and Wales )
( Registration Number: 9306219)
Share code on AIM: KAT
ISIN: GB00BSNBL022
("Katoro" or "the Company")
Dated: 03 September 2020
Katoro Gold PLC ('Katoro' or the 'Company')
BLYVOOR GOLD PRODUCTION JV - GENERAL PROGRESS UPDATE
Katoro Gold plc (AIM: KAT), the AIM listed gold and nickel
exploration and development company, is pleased to announce an
update in respect of the Blyvoor gold tailings project (the
"Project").
Following the successful site visit during July 2020 (See RNS of
20 July 2020), the Blyvoor Gold Joint Venture ("JV") management and
technical team have concluded all final planning and preparations
for the resource upgrade program at TSF6 and 7. A suitable drilling
contractor has since been engaged and drilling is currently well
underway and on schedule. The drilling programme is a key activity
in the resource upgrade programme that forms part of the technical
work required for the completion of the Definitive Feasibility
Study ("DFS").
On 29 May and 21 July 2020, the Company updated the market on
the very positive interest it received in project level funding for
the Blyvoor Gold Project. The Company has since and continues to
make good progress in this regard and is currently engaged in very
focussed discussions / negotiations with a selected number of
potential funders on the basis of formal expressions of interest /
proposals received.
Louis Coetzee, Executive Chairman of Katoro Gold plc,
commented:
"We are very pleased with the significant increase in momentum
across all project activities and work streams, in spite of the
very real COVID-19 restrictions and impact in South Africa. We are
particularly pleased with progress on the various funding
initiatives over the past month.
"This is an exciting time in the Company's development. We have
a competent team on the ground and look forward to provide further
updates to the market on this exciting project as we continue to
progress towards gold production from Blyvoor."
**ENDS**
For further information please visit www.katorogold.com or
contact:
Louis Coetzee louisc@katorogold.com Katoro Gold plc Executive Chairman
Bhavesh Patel +44 20 3440 6800 RFC Ambrian Limited Nominated Adviser
Andrew Thomson
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
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END
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