Chaarat Gold 3.34 million ounces of gold
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AIM listed junior, Chaarat Gold, has already outlined a resource of 3.34 million ounces of gold, with an average grade of 4.3 g/t at a conservative cut-off of 3 g/t in western Kyrgyzstan.
Author: Wendy Durham
Posted: Tuesday , 22 Dec 2009
LONDON (Proactive Investors) -
Nestling in the north west corner of Kyrgyzstan, on the highly prospective Tien Shan gold belt, is the 604 sq km Sandalash emerging gold province being explored and developed by Chaarat Gold (AIM:CGH) which has held the licence since 2002.
The current focus at Sandalash is three distinct clusters of gold occurrences in a Prospect Area 6km wide over 28 km of strike along the Sandalash river. Originally explored for gold and antimony by the North Kyrgyz Geological Expedition (NKGE), it had been the subject of both surface and underground work, including soil and rock sampling, geophysics, trenching, drilling and the excavation of several adits. NKGE identified a series of north-east trending gold anomalies which were later further explored in the late 90s by Apex Silver and Newmont, so that in 2002 when Chaarat acquired the licence, an impressive database came with it. New eyes on old data revealed that the Prospect Area had, in fact, greater potential than had at first been realised, and the "new eyes" decided to focus on the centre of the strike at the Chaarat project, leaving the outer projects - Kashkasu and Minteke - for exploration at a later date.
At Chaarat, the Sandalash River cuts through a package of north-easterly trending sedimentary rocks dipping at around 40º northwest, in which the lower Chaarat Formation of meta-siltstone and argillite is overlain by the mainly quartzite Tulkubash Formation. Both have been cut by several faults and younger intrusions, and a very extensive deep hydrothermal system has deposited minerals - including gold - in these structural breaks in the two rock formations and in a major NE-SW aligned shear zone along the contact between the two, some 600m above river level. This has given rise to three roughly parallel NE-SW trending mineralised zones contained in the northern slopes above the river, comprising a number of discrete project areas, numbered according to their distance along strike from the project baseline.
In the Main Zone, consisting of Chaarat Formation siltstones and closest to river level, mineralisation is found in a series of roughly parallel slip faults running NE-SW along the slopes, dipping steeply at 70-80 degrees to the NW (i.e. into the mountain). Seven discrete project areas - M2400, M3000, M3400, M3900, M4400, M5000 and M6000 - are being developed.
Upslope from the Main Zone is the Contact Zone, a 10 km long shear system developed where the Chaarat and Tulkubash formations meet - mineralisation in this zone has been traced over a length of ten kilometres, and is associated with sulphides, sericitic alteration and minor quartz veinlets. Three separate project areas occurring along strike have been drilled: C4000, C4600 and C5300, with extensive underground development at C5300.
Further upslope, the 4 km Tulkubash Zone, running parallel with the Contact and Main zones, is hosted in silicified quartzites, and mineralised zones exhibit pervasive silicification, brecciation and some argillic alteration, usually with stibnite (the source of antimony) present. Only one area has been drilled - T0700 at the south western end.
After more than six years of systematic seasonal exploration and drilling, Chaarat confirmed in March 2009 an overall resource in the eleven project areas of 3.34 million ounces of gold, with an average grade of 4.3 g/t at a conservative cut-off of 3 g/t. Of the total, 1,598,000 ounces is hosted in the potentially open-pittable Main Zone, and a further 1,432,000 ounces in the Contact Zone, where the C5300 underground project alone now contains more than a million ounces. All projects remain open to depth and down dip, whilst the overall project is open along strike, and there should be a substantial improvement when a new resource statement is produced early next year following the 2009 drilling and underground development programme. There is also great scope for further discoveries - only one small 6km-long portion of this huge 604 sq km licence area has yet been investigated.
Of particular interest this year has been the potential for connecting the million-ounce C5300 project to the next one along strike at C4600. In 2007 Chaarat drove an adit into the mountainside at C5300, starting 275m downslope from the outcropping mineralisation, in order to test the mineralisation at depth. The adit intersected the Contact Zone over a width of 22.45 metres at 5.7 g/t, which encouraged further development along strike and the construction of three drilling chambers from which the orebody has been drilled from underground. Thus far, a depth extent of 520m from surface has been drilled. Development and drilling have been continued steadily down strike towards C4600 through Sections 5280, 5200, 5120, 5040 and 4960 with excellent results, and this year, Section 4880 was drilled for the first time, showing consistent mineralisation and returning grades of up to 11.4 g/t . Further development drifting and drilling of Sections 4800, 4720 and 4640 from a new drill chamber should complete the link, yielding over a kilometre of continuous mineralisation.
T0700 in the Tulkabash Zone has also formed part of this year's 5,000 metre drilling campaign, and an old Russian adit was re-opened and sampled with excellent results. Mineralisation widths range from 18-24 metres, with grades of up to 9 g/t, at depths not exceeding 180 metres from surface. One of the objectives at T0700 is to evaluate its open-pit potential, which will greatly improve project economics.
Chaarat's pre-feasibility study is expected mid 2010, following incorporation of this season's results. Meanwhile, last December's update of a scoping study conducted by Behre Dolbear estimated production of at least 210,000 ounces of gold per annum at cash costs (before by-product credits) of $458 per ounce over the life of mine. A 10% project NPV at $750 gold was calculated as $152 million, rising to $351 million at $950 gold. The study also identified potential for expansion via a second phase of at least equal size, following further exploration. Capex is estimated at around $230 million, which includes $17 million working capital.
Unusually, for a junior, Chaarat had already conducted several seasons of work, funded by supportive shareholders and directors, before listing on AIM two years ago and had already defined nearly 2 million ounces of gold. Directors and management continue to support the company and between them now own almost 25% of the shares in issue. They were joined this summer by China Nonferrous Metals Int'l Mining Co Ltd (CNMIM) which subscribed for 22,469,289 new shares at 25p per share, raising £5,617,322 of new funding - sufficient to see Chaarat through to 2011. There is more significance to this investment than just the money, however, as explained by CEO Dekel Golan at the time: "CNMIM, being very familiar with the Chinese mining environment will be able to assist in introducing the Company to financial institutions interested in financing projects such as Chaarat and to various contractors and service providers required for such development."
This opens up several opportunities for Chaarat to realise value from the project. With help from a supportive major investor like CNMIM, they can press on through feasibility and financing to production; they can seek JV arrangements; or they can sell the project outright to a Chinese or Western miner looking to acquire further resources. And - as the company say themselves in a recent presentation - if they choose to sell, what might the Sandalash licence be worth? Their own estimates, range from $315 million to $700 million - with the lowest based on $90 an ounce, Canaccord's calculation of the price paid for the average gold acquisition during 2009.
However, the share price does not remotely reflect this level of potential value. The market appears to be factoring in significant risk, particularly "country risk", as although the legislative regime for Western miners in Kyrgyzstan has improved and the entry of Gold Fields into the nearby Talas region signals increased international confidence, at today's share price of 27.25p, market cap is just £31 million.
Published courtesy of Proactive Investors - www.proactiveinvestors.co.uk
Ich bin durch die Infoseite mineweb auf diesen Wert aufmerksam geworden. Demnächst soll ein Resourcenupdate kommen und laut dem letzten Finanzbericht hat man noch ca. 8,6 Mio $ Cash. Das ist vor allem auf Grund einer möglichen Verwässerung praktisch.
(“Chaarat” or “the Company”)
Significant mineralised intersections reported in the C5300 Project Area at the Chaarat Gold
Property
Road Town, Tortola, British Virgin Islands (10 February 2010).
Chaarat (AIM:CGH) is pleased to announce encouraging results from two drives and eight drill holes
in the underground section of Project Area C5300, part of the area in the Company’s licence known
as the “Contact Zone”. Chaarat holds a licence over 100 per cent of a 604 km² area in Kyrgyzstan
(the “Chaarat Gold Property”). The Company has identified three parallel zones of gold
mineralisation within the Chaarat Gold Property: the Main Zone, the Contact Zone and the
Tulkubash Zone.
The Contact Zone has been delineated over a strike length of 1,340 metres and is host to a JORC
compliant resource of 1.42 million ounces at a grade of 4.21 g/t, representing approximately 43 per
cent of the overall resource of the Chaarat Gold Property of 3.34Moz at a grade of 4.30 g/t gold.
The Contact Zone has been further sub‐divided into three project areas C5300, C4600 and C4000.
This announcement together with a location map can be found at www.chaarat.com/press‐releases.
Highlights (True widths)
Project C5300
CCH09UG008 7.50m at 4.21 g/t Au
CCH09UG009 8.94m at 4.06 g/t Au
CCH09UG009 7.82m at 4.34 g/t Au
CCH09UG010 6.26m at 4.13 g/t Au
CCH09UG010 4.47m at 5.01 g/t Au
Drive S‐2 21.00m at 3.72 g/t Au
CCH09UG001 14.30m at 3.48 g/t Au
CCH09UG001 6.50m at 5.97 g/t Au
CCH09UG011 18.00m at 3.66 g/t Au
including 7.84m at 5.37 g/t Au
CCH09UGDC18 14.85m at 3.82 g/t Au
including 8.66m at 4.92 g/t Au
CCH09UGDC18A 4.95m at 5.11 g/t Au
CCH09UGDC18A 9.90m at 4.17 g/t Au
CCH09UGDC11 9.00m at 7.00 g/t Au
Drive N‐1 15.83m at 4.03 g/t Au
including 5.36m at 5.36 g/t Au
Dekel Golan, CEO of Chaarat, comments “These results are additional evidence of management’s
view that the Contact Zone represents a large viable mining target and will form part of the revised
resource statement, which will be released later this quarter. The C5300 Project Area demonstrates
excellent continuity and persistent wide intersections that will allow the Company to pursue, with
increased confidence, its intention to establish a low cost bulk mining operation on these wide zones
of mineralisation”.
General Description of the Contact Zone
The Contact Zone is one of three major mineralisation trends where resources had been defined and
calculated by SRK at the end of 2008. To date, a 1.42 million ounce JORC compliant, Indicated and
Inferred resource at an average grade of 4.21 g/t Au has been delineated. Most of the resource
associated with this strike has been defined to a shallow depth of 300 metres below surface.
Mineralisation in the Contact Zone is hosted in a wide shear zone which is known to extend for at
least 10 km on the contact between the underlying Ordovician Chaarat Formation (siltstones and
sandstones) and the overlying Devonian Tulkubash Formation (quartzites). The wide mineralised
zones dip at 50‐60 degrees to the north‐west. The gold mineralisation is associated with sulphides,
sericitic alteration and minor quartz veinlets.
Within the Contact Zone, the Company has drill tested, partially, only 1340 metres of the zone
length and delineated three Project Areas ‐ C5300, C4600 and C4000.
In order to allow better access to the Contact Zone mineralisation at depth, the Company started in
2007 the development of underground workings at 275 metres below the outcrop elevation. After
penetrating the mineralised zone a drift was developed parallel to the mineralisation extending 485
metres to the south and 200 metres to the north. Drilling chambers were built to allow drilling
towards the mineralised body. A map of the underground work can be seen in the version of this
announcement which is to be found on the Company website (www.chaarat.com).
Three drives (sometimes referred to as cross‐cuts) were developed through the mineralisation in
order to give the Company better access to the face of the mineralised body and enable the
collection of bulk samples as well as geotechnical information needed for the mine planning. In
addition three drilling chambers were developed to enable drilling down dip.
The main adit intersected the Contact Zone mineralisation along Section 5160 with 22.45 metres
(true width) at 5.78 g/t of Au. Subsequent drifting enabled the establishment of three underground
drilling chambers from which a total of 6,819 metres were drilled during 2008. Furthermore, during
2008, drill hole CCH08C464 located in the C4600 Project area along Section 4520, intersected 17.97
metres (true width) at 6.21 g/t Au. These encouraging results motivated the further work that was
needed to close the gap along strike between the Contact Zone project areas C5300 and C4600.
Project Area C5300
The C5300 Project Area is the northernmost of the three projects along the Contact Zone ore body.
The resource calculated for the C5300 project at the end of 2008 has been calculated at 1.01 million
ounces at an average grade of 4.27 g/t to a drill defined depth of up to 520m below surface.
During the 2009 exploration season underground drilling to test the C5300 Project Area was
conducted from two underground drilling chambers. Three holes were drilled from Drill chamber 1,
adding information about the section of the mineralisation above the adit level. Nine additional drill
holes were drilled from Drill Chamber 3 adding information about both below and above the adit
level.
The above results demonstrate the continuity of thickness and grade of mineralisation between the
C5300 Project Area and the other two projects in the Contact Zone along strike to the south.
During 2009, the underground development drifting along strike southwards towards Project Area
C4600 has continued. Three drives were developed but only the first one has been reported thus
far. The second southern drive (Drive S‐2) is located on Section 4920 which is 240m south west of
the main adit and has further confirmed the strike continuity of mineralisation to the south, towards
the C4600 Project area. This drive intersected 24 metres of mineralisation with a true thickness of
21m at 3.72 g/t Au. The northern drive (Drive N‐1) was developed along Section 5280 to probe the
north eastern continuity of the mineralisation intersected in the adit. This drive intersected 19
metres of mineralisation with a true thickness of 15.83m at 4.03 g/t Au. The details of mineralised
intersections along these cross‐cuts are presented in Table 1.
Five as yet unreported holes were drilled from Drill chamber 3. The mineralised intersections of all
eight drill holes are presented in Table 1. Three of the eight drill holes being reported are located on
Section 4880 which is the south western most section of the C5300 Project towards C4600. In
addition, one hole each was drilled along sections 4960, 5040, 5200 and two holes were drilled along
section 5120. The drilling results from the holes on Section 4880 effectively extend the strike to the
south by a further 80 metres to 640 metres, potentially adding significant additional resources. This
strike extension to the south further demonstrates the strike continuity and closes the gap between
C5300 and the C4600 Project Areas, suggesting that these two project areas may converge to form a
large continuous body. The mineralisation in the C5300 Project Area remains open both along strike
and down dip.
Table 1: Drill intervals
Hole ID Section
Drilled
from
(metres)
Drilled
to
(metres)
Length
(metres)
True
width
(metres)
Au
(g/t)
CCH09UG008 4880 132.00 141.00 9.00 7.50 4.21
CCH09UG008 4880 153.00 159.00 6.00 5.00 3.63
CCH09UG009 4880 142.50 148.50 6.00 4.47 4.65
CCH09UG009 4880 163.50 184.50 21.00 15.64 3.28
including 4880 169.50 181.50 12.00 8.94 4.06
CCH09UG009 4880 196.00 202.00 6.00 4.47 3.96
CCH09UG009 4880 205.50 216.00 10.50 7.82 4.34
CCH09UG010 4880 174.00 177.00 3.00 1.79 2.21
CCH09UG010 4880 180.00 184.00 4.00 2.38 2.64
CCH09UG010 4880 189.00 192.00 3.00 1.79 3.79
CCH09UG010 4880 198.00 222.00 24.00 14.30 2.54
including 4880 201.00 210.00 9.00 5.36 3.26
including 4880 202.50 207.00 4.50 2.68 3.76
CCH09UG010 4880 229.50 234.00 4.50 2.68 2.71
including 4880 229.50 232.50 3.00 1.79 3.21
CCH09UG010 4880 264.00 274.50 10.50 6.26 4.13
including 4880 264.00 271.50 7.50 4.47 5.01
CCH09UG010 4880 280.50 285.00 4.50 2.68 3.5
CCH09UG010 4880 297.00 300.00 3.00 1.79 2.66
Drive S‐2 4920 34.00 58.00 24.00 21.00 3.72
including 4920 35.00 39.00 4.00 3.23 4.94
including 4920 45.00 48.00 3.00 2.42 4.99
including 4920 54.00 58.00 4.00 3.23 11.10
CCH09UG001 4960 166.50 171.50 4.50 3.90 2.04
CCH09UG001 4960 175.50 192.00 16.50 14.30 3.48
including 4960 175.50 183.00 7.50 6.50 5.97
CCH09UG011 5040 164.00 195.00 31.00 18.00 3.66
including 5040 164.00 192.00 28.00 16.26 3.93
including 5040 164.00 180.00 16.00 9.29 4.85
including 5040 164.00 177.50 13.50 7.84 5.37
including 5040 187.50 192.00 4.50 2.61 4.63
CCH09UGDC18 5120 81.00 99.00 18.00 14.85 3.82
including 5120 88.50 99.00 10.50 8.66 4.92
including 5120 88.50 93.00 4.50 3.71 7.87
CCH09UGDC18A 5120 45.00 48.00 3.00 2.48 3.68
CCH09UGDC18A 5120 66.00 72.00 6.00 4.95 5.11
CCH09UGDC18A 5120 76.50 88.50 12.00 9.90 4.17
including 5120 78.00 84.00 6.00 4.95 5.44
CCH09UGDC11 5200 33.00 42.00 9.00 9.00 7.00
Drive N‐1 5280 29.00 34.00 5.00 3.83 2.22
Drive N‐1 5280 40.00 59.00 19.00 15.83 4.03
including 5280 47.00 54.00 7.00 5.36 5.13
QA/QC Procedures: Sampling Methodology and Quality Control
All samples are sent to a laboratory in Kyrgyzstan Alex Stewart, accredited by the UK Accreditation
Service, for sample preparation and assays. Genalysis Laboratory Services Pty Ltd, Australia, a NATA
ISO/IEC 17025 accredited laboratory for analysis is being used for QA/QC check of the analyses of
Alex Stewart. 20% check samples in form of two Standards, one Blank and one Duplicate in a batch
of 20 samples are being used for quality checks of the Alex Stewart assays.
Competent Person
The Competent Person with overall responsibility for this press release, and who has reviewed the
information contained herein, is Sunit Patel, M.Sc (Geology), FGS, GSSA, who is an employee of
Chaarat. Mr. Patel is an exploration geologist with 22 years of experience in the resource industry
who has sufficient experience relevant to the style of mineralisation and type of deposit under
consideration and was supervisor to the work subject of this release.
Chaarat
Chaarat is an exploration company operating in the Kyrgyz Republic with its current main activity
being the development of the Chaarat Gold Project. The Chaarat Gold Project is situated within the
Middle Tien Shan Mountains of Kyrgyzstan which form part of the Tien Shan gold belt. The Company
has thus far delineated a JORC compliant mineral resource of 3.34Moz at a grade of 4.30 g/t gold. A
scoping study demonstrating the economic viability of the Chaarat Gold Project was completed at
the end of 2008. The Company is currently in the process of compiling a pre‐feasibility study.
Following the continuous exploration works undertaken during 2009 the Company expects to
announce an updated resource report in the first quarter of 2010. Chaarat's objective is to become a
low cost gold producer targeting an initial production of over 200,000 ounces per annum by late
2012.
Disclaimer
This press release includes forward‐looking statements. Such forward‐looking statements involve known and unknown risks,
uncertainties and other important factors beyond Chaarat’s control that would cause the actual results, performance or
achievements of Chaarat to be materially different from future results, performance or achievements expressed or implied
by such forward‐looking statements. Such forward‐looking statements are based on numerous assumptions regarding
Chaarat’s present and future business strategies and the environment in which Chaarat will operate in the future. Any
forward‐looking statements speak only as at the date of this document. Chaarat expressly disclaims any obligation or
undertaking to disseminate any updates or revisions to any forward‐looking statements contained in this document to
reflect any change in Chaarat’s expectations with regard to these or any change in events, conditions or circumstances on
which any such statements are based. As a result of these factors, the events described in the forward‐looking statements in
this press release may not occur either partially or at all.
Enquiries
Chaarat Gold Holdings Ltd
c/o Central Asia Services Ltd +44 (0) 20 7499 2612
Dekel Golan dekel@chaarat.com
Linda Naylor linda.naylor@chaarat.com
Westhouse Securities Limited +44 (0) 20 7601 6100
Tim Feather tim.feather@westhousesecurities.com
Richard Baty richard.baty@westhousesecurities.com
Mirabaud Securities LLP +44 (0) 20 7321 2508
Rory Scott rory.scott@mirabaud.com
Smith's Corporate Advisory +44 (0) 20 7239 0140
Dominic Palmer‐Tomkinson tomkinson@smiths‐ca.com
Conduit PR +44 (0) 20 7429 6603
Jos Simson jos@conduitpr.com
In London werden ja fast jeden Tag Stücke gehandelt, aber bei uns in Deutschland ist fast jeden Tag kein Handel. Außerdem ist die Kursstellung eine Frechhheit. Am Freitag laut Umrechnungskurs 0,51 € und nicht das was Frankfurt wieder getaxt hat.
Bin aber guter Hoffnung das sich der Kurs langsam nach oben entwickelt und auch mit der Zeit der Wert in Deutschland reger gehandelt wird.
Mit freundlichen Grüßen
Alfons
Chaarat Gold gibt Unzenerweiterung um ca. 670.000,00 Unzen auf ca. 4 Mio Oz bekannt. Was wichtig ist, das das Explorationsgebiet in der Länge und in der Tiefe noch offen ist.
Außerdem habe ich festgestellt das 2 neue Research Reports auf der Website zu finden sind. Diese muss ich mir erstmal durchlesen, da diese doch recht ausführlich sind und dazu noch in Englischer Sprache.
Datum: 18/05/2010 @ 16h39
Quelle: Dow Jones News
Name: Chaarat Gold (CGH)
Kurs: 49.5 0.0 (0.00%) @ 07h00
<< Zurück Kurs Chart Trades News Level2
By Matthew Walls
Of DOW JONES NEWSWIRES
LONDON -(Dow Jones)- High commodity prices have made most mining assets too expensive for acquisitions, a senior executive at China Nonferrous Metals Co. Ltd. (8306.HK) said Tuesday.
"It's sort of like a bubble," Executive VicePpresident Zhang Keli told Dow Jones Newswires in an interview on the sidelines of a conference here. "The price of all the commodities are going up quickly, so the market value is increasing significantly."
CNMC remains on the lookout for potential acquisitions, while it plans to spend $1 billion on its own mining operations this year, Zhang said.
"We see opportunities in a lot of places, but just flashes," and acquirers have to move quickly, he said.
CNMC is a state-owned company that has been aggressive in expanding abroad, with stakes in mines and smelters in over 30 countries.
Zhang said the company considered bidding for Anglo American PLC's (AAL.LN) zinc assets but found the prices too high.
CNMC prefers to invest in copper among nonferrous metals, but it is also investing in nickel, zinc, lead and rare earths assets.
It expects the Zambia-China economic and trade cooperation zone that it built to produce 500,000 metric tons of copper and 5,000 tons of cobalt by 2014. CNMC is also interested in gold, as the metal is often produced as a byproduct of nonferrous mines, Zhang said. CNMC has a stake in Canadian gold miner Chaarat Gold Holdings Ltd. (CGH.LN), which has a mine in Kyrgyzstan.
The company plans to expand in both mining and smelting assets, even though mining has bigger profit margins, Zhang said.
The benefits of investing in smelting plants near the mines is that it trains and employs more local people and the country gains more value from its mineral resources, he added.
"We're not trying to seek the utmost profit, we are only trying to have a reasonable profit," he said.
Zhang didn't elaborate on what minimum return the company seeks on its investments.
Company Web site: www.cnmc.com.cn/en
-By Matthew Walls, Dow Jones Newswires; +44 (0)20 7842 9412; alex.macdonald@dowjones.com
http://www.proactiveinvestors.co.uk/companies/...-project-184365.html
Chaarat Gold erwägt Angebot für Centerra´s Kumtor Mine
http://www.miningweekly.com/article/...nterras-kumtor-mine-2018-04-24
"Kyrgyz State miner" weiß angeblich nichts von der Offerte
http://www.miningweekly.com/article/...mtor-takeover-offer-2018-04-25
Terms of Kumtor-Offer
http://www.proactiveinvestors.co.uk/companies/...kyrgyzstan-9175.html
Chaarat Gold bewertet die Kumtor Mine mit 800 Mio. $
http://www.mining.com/...fer-centerra-values-kumtor-mine-800-million/
ambitionierte Pläne
http://www.proactiveinvestors.co.uk/companies/...ral-asia-197532.html
Präsentation zum Übernahmeversuch der Kumto-Mine
https://www.rns-pdf.londonstockexchange.com/rns/5334Q_-2018-6-6.pdf
Chaarat hebt Resourcenschätzung für sein Tulkubash-Projekt an
http://www.mining.com/...ups-kyrgyz-republic-project-resource-46-pct/
https://www.polymetalinternational.com/en/...ess-releases/26-10-2018/
"In 2017, Kapan’s TCC1 of US$ 871/oz and AISC of US$ 1,292/oz were above Polymetal’s average of US$ 650/oz and US$ 877/oz (excluding Kapan).
Polymetal acquired Kapan in April 2016 for US$ 38 million including US$ 9 million fair value of the Net Smelter Return royalty on future gold production. The transaction is expected to result in a US$ 3 million accounting profit for the Company. Polymetal plans to use proceeds from the Transaction to reduce debt."
https://www.polymetalinternational.com/en/...ess-releases/30-10-2018/
"Due to the unwillingness of Centerra to engage with Chaarat, the Chaarat Board is no longer pursuing either transaction."
https://polaris.brighterir.com/public/chaarat/...t_home/story/w360z2w
Armenien-Aserbaidschan-Konflikt
https://www.miningweekly.com/article/...ary-action-minimal-2020-09-30