/KASE, April 12, 2024/ – BASS Gold LLP (Ulytau region), whose bonds are
officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with
the following press release dated April 12, 2024:
quote
BASS Gold LLP (hereinafter – the Partnership) reports that a new gold recovery
plant has been launched at the Ushshoqy deposit, which is a complete cycle of
processing ore mined at the deposit, producing the final product in the form of
Dore alloy.
When the factory reaches the full production capacity, it will be possible to
process 72,000 tons of ore per year with a monthly production of
20.8 kg of finished products, or about 250 kg per year.
In accordance with the agreement concluded with Tau-Ken Altyn LLP, the gold
recovery plant's output will be supplied to the enterprise's refinery.
Taking into account the growth in global gold prices, the sale of finished products
in the form of bars with high gold content meets the company's strategy to
increase the added value of its products, and will also have a positive impact on
the company's revenue, which in turn will allow for further modernization of the
deposit being developed.
unquote
The complete press release is available on –
https://kase.kz/files/emitters/FPST/fpst_relizs_120424_17.pdf
[2024-04-12]