Caracal Gold PLC Update On New Heap Leach Plant (5171F)
March 22 2022 - 2:00AM
UK Regulatory
TIDMGCAT
RNS Number : 5171F
Caracal Gold PLC
22 March 2022
Caracal Gold plc / EPIC: GCAT / Market: Main / Sector:
Mining
22 March 2022
Caracal Gold plc ('Caracal' or the 'Company')
Update On New Heap Leach Plant
Caracal Gold plc, the expanding East African gold producer with
operations in East Africa and over 650,000oz JORC-compliant gold
resources, today announces details of its new heap leach plant.
The Company is pleased to confirm that construction of its new
heap leach plant is on schedule and is expected to positively
impact cash flow, in line with the Company's projections. This
underscores the Company's commitment to increase production to
24,000oz pa at its Kilimapesa Gold Mining and Processing
Operations.
The heap leach process, with its operational efficiency gains
and low operating costs, will enable Caracal to maximise the gold
recovered from our Kilimapesa Gold Mining and Processing
Operations.
The first 5,000tpm pad for the heap leach operation has been
completed, loaded with ore and is being commissioned. This first
heap leach pad will act as a 'pilot plant', with the full heap
leach plant operation to be expanded up to a capacity of
20,000tpm.
The new heap leach operation consists of permanent HDPE lines
pads in 5,000tpm modules, with each of these pads to have 3m to 6m
high lifts and equipped with drip irrigation. The pads will be
constructed in series with a pregnant pond, carbon in solution
circuit and barren pond. The carbon arising will be treated in the
existing gold elution and smelting facility.
The metallurgical test work completed for the heap leach plant
showed excellent gold recoveries, and the initial recoveries from
the first 5,000t processed on site are firmly in line with
this.
General Manager of the Kilimapesa Gold Mining and Processing,
Riaan Lombard said: " The commissioning of this new facility
enables us to treat the 40,000t of low-grade material stockpiled
over the last few months and is another key milestone in the major
expansion program currently being implemented at our Kilimapesa
Gold Mining and Processing Operations."
Since listing in August 2021, the Company has achieved several
key milestones including:
-- Building a strong, dedicated and committed workforce
team.
-- High profile appointments made to senior leadership
positions.
-- Increasing its group resource and adding to its exploration
and production portfolio.
Caracal looks forward to providing shareholders with regular
updates over the next few months during this exciting period of
growth for the Company.
** ENDS **
For further information visit www.caracalgold.com or contact the
following:
Caracal Gold plc info@caracalgold.com
Gerard Kisbey-Green
Jason Brewer
VSA Capital Ltd
Financial Adviser and Joint
Broker
Andrew Raca / James Deathe/
Pascal Wiese +44 203 005 5000
---------------------------------
Clear Capital Markets Limited
Joint Broker +44 203 897 0981 / +44 203 869
Keith Swann / Jon Critchley 6086
---------------------------------
St Brides Partners Ltd info@stbridespartners.co.uk
Financial PR
Oonagh Reidy / Charlotte Page
/ Isabelle Morris
---------------------------------
DGWA, the German Institute for info@dgwa.org
Asset and
Equity Allocation and Valuation
European Investor and Corporate
Relations Advisor
Stefan Müller / Katharina
Löckinger
---------------------------------
Notes
Caracal Gold plc is an emerging East African focused gold
producer with a clear path to grow production and resources both
organically and through strategic acquisitions. Its aim is to
rapidly increase production to +50,000oz p.a. and build a JORC
compliant resource base of +3Moz within 12-18 months from its
listing in August 2021.
Caracal is executing its growth strategy beyond its 100% owned
Kilimapesa Mine in Kenya by acquiring additional assets in Tanzania
in order to grow group resources. Its experienced team, with proven
track record in successfully developing and operating mining
projects throughout Africa continues to review other complementary
and strategically located projects in East Africa.
Caracal is a responsible mining and exploration company and
supports the positive social and economic change that it
contributes to the communities in the regions that it operates. It
is a proudly East African-focused company: it buys locally, employs
locally, and protects the environment and its employees and their
families' health, safety, and wellbeing.
Caracal's shares are quoted on the Main Market of the London
Stock Exchange (LON: GCAT) and on the Frankfurt Stock Exchange
(FSE: 6IK); a listing on the Nairobi Securities Exchange is
underway.
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