Scotgold Resources Ltd Application Made for Extension of Bulk Processing (6340R)
December 13 2016 - 1:00AM
UK Regulatory
TIDMSGZ
RNS Number : 6340R
Scotgold Resources Ltd
12 December 2016
SCOTGOLD RESOURCES LIMITED
Application Made for Extension of Bulk Processing Trial ("BPT")
to 31 March 2018
The BPT planning permission (2016/0064/DET) granted in May 2016
by the Loch Lomond and Trossachs National Park Planning Authority
("LLTNPPA") included the installation of a small scale pilot plant
to process 2,400t (approximately 1,200m3) of existing stockpiled
ore over a nine month period.
This initial BPT is progressing well and is scheduled for
completion within the permitted timeframe. More importantly it has
identified potential opportunities to further enhance the economics
of the full scale operation. As it will take some time to fully
explore and assess these opportunities, and to make full use of the
existing pilot plant, the Company considers it worthwhile to extend
the period of the BPT.
Accordingly an application has been made to the LLTNPPA to
extend BPT operations to the end of March 2018. It is planned to
process around 4,800t (c.2,400m3) of additional material (the
balance of the existing stockpile) over a period of approximately
twelve months (at processing rate of around 400tpm). No change to
the pilot plant process is proposed.
For further information please contact:
Scotgold Resources Stockdale Securities Capital Markets Vicarage
Limited Limited Consultants Capital
Limited
------------------- --------------------- ----------------- ----------------
Richard Gray Robert Finlay/ Simon Rothschild Rupert Williams
- CEO Ed Thomas
------------------- --------------------- ----------------- ----------------
Tel: +44 (0)1838 Tel: +44 (0)20 Tel +44 (0)7703 Tel: +44
400 306 7601 6100 167 065 (0)20 3651
2911
------------------- --------------------- ----------------- ----------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
UPDKMMMZLZVGVZM
(END) Dow Jones Newswires
December 13, 2016 02:00 ET (07:00 GMT)
Scotgold Resources (LSE:SGZ)
Historical Stock Chart
From Apr 2024 to May 2024
Scotgold Resources (LSE:SGZ)
Historical Stock Chart
From May 2023 to May 2024