Blyvoor Tailings Project Update

RNS Number : 4108F

Katoro Gold PLC

16 November 2020

 

Katoro Gold plc (Incorporated in England and Wales)

( Registration Number: 9306219)

Share code on AIM: KAT

ISIN: GB00BSNBL022

 

16 November 2020

Katoro Gold plc ('Katoro' or the 'Company')

BLYVOOR TAILINGS PROJECT UPDATE

Katoro Gold plc (AIM:       KAT), the AIM listed   gold and nickel exploration and development company, is pleased to announce a further update on the Blyvoor Gold Tailings Project ('Blyvoor Project').

All technical work related to the upgrade and restatement of the Blyvoor Project resource statement has now been completed, with specific reference to the resource and geotechnical drill programme.

A total of c.1,500 samples was produced from the now completed resource drill programme and submitted for assay analysis. These assay results have now all been received back from the laboratory.

The assay results in conjunction with the confirmatory metallurgical test results and geotechnical results are now being interpreted and integrated into the various key technical reports referred to in the RNS of 30 September 2020.

The final reports, with an updated Resource and Reserve statement and SAMVAL valuation report, are expected to be received by the Company during November 2020.

Louis Coetzee, Chairman of Katoro Gold plc commented: "I am pleased to announce the positive operational progress at Blyvoor where we remain on course regarding the key project objectives as we target early gold production generating considerable revenues for Katoro and our partners. Blyvoor is a substantial opportunity for Katoro and with each step in our work completed our excitement rises, particularly as we now approach completion of the technical work.  I look forward to providing further updates to the market in the near future."

**ENDS**

For further information please visit www.katorogold.com or contact:

Louis Coetzee	[e-mail]	Katoro Gold plc	Executive Chairman
Bhavesh Patel Andrew Thomson	[phone]	RFC Ambrian Limited	Nominated Advisor
Nick Emmerson Sam Lomanto	[phone]	SI Capital Ltd	Broker
Isabel de Salis Beth Melluish	[phone]	St Brides Partners Ltd	Investor and Media Relations Adviser

 

END

 

 

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