The Chaarat Gold Project is located at the confluence of the Sandalash and Kumbeltash valleys, in the Alatau Mountains in western Kyrgyz Republic.
Located in the prolific Tien Shan gold belt, the Chaarat Project has the potential to become the next multimillion-ounce producer alongside other large mines in the area.
Chaarat has two licences in this region:
- A mining licence covering the initial 6km mineralised trend for both the Tulkubash and Kyzyltash zones, valid until June 2032;
- An exploration licence extending approximately 20km further along strike for both the Tulkubash and Kyzyltash zones, valid until October 2023 and renewable.
Chaarat plans to develop the Kyzyltash project once the Tulkubash project is in operation, meaning that in the medium term the company will produce up to 400,000 ounces of gold per annum from its assets in Kyrgyzstan.