Freedom : BASS Gold announces launch of new gold recovery plant at Ushshoqy deposit

BASS Gold announces launch of new gold recovery plant at Ushshoqy deposit

12.04.24 17:26

/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]