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KENTOR GOLD LIMITED - ASX: KGL
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Description
Kentor Gold Limited is an Australian-based, emerging gold mining company listed on the Australian Securities Exchange.
Towards its goal of becoming a mid-tier gold producer, Kentor Gold has under development the high grade, low cost Andash gold-copper project in the Kyrgyz Republic, targeting production in 2012.
The Andash project (Kentor Gold 80%) will lift the Company to the ranks of gold-copper producers with one of the lowest cost gold mines in the world. Production is planned at an average annual rate of 70,000 oz gold and 7,400 tonnes copper for an initial six years. An extremely low gold cash cost of US$29/oz after copper credits is forecast, including all production, treatment, transport and refining charges, and royalties. Exploration results at several nearby deposits and prospects present high potential opportunities to expand and extend the life of the operation.
Andash will be a near surface, low strip ratio, open pit mining and conventional processing operation - well located with infrastructure in place (road, water, power and workforce) and a mining and construction fleet already assembled. Equity finance has been completed and Macquarie Bank mandated to provide a debt funding component. The mining licence has been issued, and final permitting from the local council is awaited so that full-scale development can proceed.
Kentor Gold is uniquely positioned in central Asia, having been in the Kyrgyz Republic since 1998 with a long established, experienced, Russian speaking team. The country recently held successful parliamentary elections after which a coalition government has been established.
Kentor Gold is also engaged in gold exploration and the pursuit of acquisitions in the region, as well as geothermal energy opportunities
Mine For
gold, copper
Location of operation(s)
Kyrgyz Republic
Address
Level 9 40 Creek St
BRISBANE, QLD, AUSTRALIA
Phone
(61 7) 3121 3206
Website
Last Updated
20/7/2011
The data on Australian Shares.com is intended as a guide only and is provided purely as an indication of what information can be found through official announcements. Data on this website should not be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. The publisher (Intaanetto Pty Ltd) will not be held liable for any loss arising from the use of this website.
