Gold Price USD 1257.50 /oz (AIM:CGH)21.13p

Developing a new gold province in the Kyrgyz Republic

Chaarat Gold Holdings Limited is an AIM listed gold development company focused on the exciting Tien Shan Gold Belt in the Kyrgyz Republic, home to some of the largest gold deposits in the world.

Under new management, the company has a clear strategy to unlock the long term value of the 7Moz high grade Chaarat deposit through a low risk phased approach:

Stage 1: Extend Tulkubash heap leachable oxide resource base; develop low capital intensity heap leach production (estimated 80koz/annum)

Stage 2: Ongoing Tulkubash oxide exploration; expand heap leach production capacity from operating cash flow to 120+koz/annum

Stage 3: Complete detailed feasibility study for refractory Kyzyltash sulphide ore body

Stage 4: Develop parallel sulphide processing facility

Chaarat plans to generate significant equity reserves through the development of the Tulkubash oxide orebody to unlock the long term Kyzyltash deposit.

Management believe that the Chaarat project has the potential to sustain 3-400koz of production per annum for a prolonged mine life.

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