Chaarat Gold Holdings (GB:CGH) has released an update.
Chaarat Gold Holdings Ltd has signed a revised non-binding term sheet with Xiwang International for a $150 million funding package aimed at launching production at the Tulkubash Gold Mine in the Kyrgyz Republic. This deal, which is still subject to final agreements, would allow Chaarat to restructure its existing debts and potentially establish future joint ventures in the gold mining sector. The Tulkubash project promises to be a significant asset, with an initial six-year mine life and prospects for extension beyond 15 years.
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