thailand approves chatree north gold processing plant

ASX APPENDIX 4D and HALF‐YEAR FINANCIAL STATEMENTS

Kingsgate successfully operated the Chatree Gold Mine in Thailand for 15 years, and during that time it took prudent measures to seek to protect its investments in the event of an expropriatory act or similar by the host ... uncertain whether the request will be approved. ... infrastructure assets which include plant and equipment and non ...

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The Chatree Gold Project incorporates the design and construction of a Brownfield expansion of the existing processing plant and associated infrastructure. The expansion (Chatree North) will be increasing throughput to 5.0 Mtpa.

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Thailand memo to Kingsgate: don't bother suing us over Chatree

Bangkok: Thailand's Prime Minister has warned Australian miner Kingsgate it would be a waste of time suing his military government over his order to shut down the company's gold mine by December 31.

Thailand memo to Kingsgate: don't bother suing us over Chatree

Bangkok: Thailand's Prime Minister has warned Australian miner Kingsgate it would be a waste of time suing his military government over his order to shut down the company's gold mine by December 31.

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In the 1990s, the 1 Mt/y Bronzewing gold plant was designed and constructed in 35 weeks, albeit with a kick start from a feasibility study and some pre-commitment of long lead items (mills and crusher).

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Thailand to close all gold mine operations, including Australian ... May 11, 2016 ... The Chatree mine operated by Akara Resources and Public ... plans for the company to expand its gold mining operations in south east Asia.

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The Chatree gold mine is located 280km north of Bangkok in Thailand's Phichit Province. Chatree commenced operations in November 2001, becoming Thailand's first modern gold mine. The mine is open-pit, with operations being conducted by Akara Mining.

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Kingsgate's CEO Gavin Thomas said the contract was a significant milestone in the continued development of Thailand's largest gold operation. "it is pleasing that Kingsgate retains its long association with Ausenco who successfully constructed the initial Chatree plant .

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Khao Chet Luk in the Thap Khlo District is the site of Thailand's largest gold mine, the Chatree Mining Complex. Akara Resources PCL, a Thai-Australian firm, owns and operates the mine. Akara is a subsidiary of Australian company, Kingsgate Consolidated Ltd.

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PRODUCTION HIGHLIGHTS KEY OINTS Chatree gold .

Chatree gold production in line with expectations at 21,451 ounces. Cash costs of US$458/ounce gold (including US$117/oz Thai royalty). Chatree North Plant expansion on budget and schedule.

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