CHATREE GOLD MINE PROGRESSES STEADILY

Kingsgate reports strong production and operational advances at the Chatree mine

Kingsgate Consolidated Limited (ASX: KCN) has shared an update on the Chatree Gold Mine, highlighting a productive October with over 3,000 ounces of gold produced, contributing to a total of 21,859 ounces of gold and 270,058 ounces of silver since the mine’s reopening.

Operational Highlights:

  • Gold Production: Chatree has successfully poured over 3,000 ounces of gold in October.
  • Silver Production: Since March, the mine has produced a commendable 270,058 ounces of silver.
  • Mining Milestone: LotusHall Mining achieved a record haulage of 288,069 tonnes to the Run of Mine Pad in October.
  • Plant Performance: Plant #2 exceeds capacity with 405 tonnes of ore processed per hour.
  • Drilling Development: The commissioning of the first Epiroc T45 drill rig and completion of a 210-hole blast pattern.

Executive Chairman Mr Ross Smyth-Kirk commented on the mine’s performance and the support from board members:

We are pleased to see the continued positive momentum on site during the ramp up towards full production at Chatree in early 2024. I would also like to thank our fellow board member and Akara Preference Shareholder, Ms Nucharee Sailasuta, for her continued strong support of Kingsgate

Goldman

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