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.
The Company has a clear strategy to build the leading Central Asia and former Soviet Union gold company through organic growth and selective M&A.
First, develop the Tulkubash oxide zone via a heap leach plant designed to produce c.100koz Au and generate c.US$40-60M free cashflow per annum by 2020. This includes implementing an aggressive exploration programme to add resources/reserves and enhance the mine plan ahead of first gold pour and to develop the long-term mineral potential of the Tulkubash zone.
Secondly, develop the large, high grade Kyzyltash zone, a refractory gold deposit amenable to pre-oxidation and direct cyanidation recovery with potential to produce 200-300koz Au and generate free cash flow of US$150-200M per annum.
With Chaarat as a platform, the company will acquire select producing assets to reach multi asset gold producer status:
- 1 Moz of annual production
- 15-20 Moz of reserves
To achieve this, Chaarat intends to acquire select producing gold clusters in Central Asia and the former Soviet Union with significant growth potential.