Chaarat Gold Holdings Ltd intends to put the Charaat project into operation in two stages, with the first gold to be obtained in 2020.
The first stage presupposes the development of the Tulkubash quarry with the output of 100 thousand ounces of gold per year.
Gold reserves at the deposits are estimated at 1.05 million ounces with gold content at 0.84 g per ton. The quarry will be in development for 4 years.
The second stage sees the development of the sulfide ore deposits at Kyzyktash (200-300 thousand ounces of gold per year). Reserves are estimated at 5.4 million ounces with gold contents of 3.75 g per ton. (Ukrainian metal)