Financial Express (Holdings) Limited (“we”, “our”, “us” and derivatives) are committed to protecting and respecting your privacy. This Privacy Policy, together with our Terms of Use, sets out the basis on which any personal data that we collect from you, or that you provide to us, will be processed by us relating to your use of any of the below websites (“sites”).

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For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.

WHAT INFORMATION DO WE COLLECT ABOUT YOU?

We collect information about you when you register with us or use any of our websites / services. Part of the registration process may include entering personal details & details of your investments.

We may collect information about your computer, including where available your operating system, browser version, domain name and IP address and details of the website that you came from, in order to improve this site.

You confirm that all information you supply is accurate.

COOKIES

In order to provide personalised services to and analyse site traffic, we may use a cookie file which is stored on your browser or the hard drive of your computer. Some of the cookies we use are essential for the sites to operate and may be used to deliver you different content, depending on the type of investor you are.

You can block cookies by activating the setting on your browser which allows you to refuse the setting of all or some cookies. However, if you use your browser settings to block all cookies (including essential cookies) you may not be able to access all or part of our sites. Unless you have adjusted your browser setting so that it will refuse cookies, our system will issue cookies as soon as you visit our sites.

HOW WE USE INFORMATION

We store and use information you provide as follows:

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We may also send you emails to provide information and keep you up to date with developments on our sites. It is our policy to have instructions on how to unsubscribe so that you will not receive any future e-mails. You can change your e-mail address at any time.

In order to provide support on the usage of our tools, our support team need access to all information provided in relation to the tool.

We will not disclose your name, email address or postal address or any data that could identify you to any third party without first receiving your permission.

However, you agree that we may disclose to any regulatory authority to which we are subject and to any investment exchange on which we may deal or to its related clearing house (or to investigators, inspectors or agents appointed by them), or to any person empowered to require such information by or under any legal enactment, any information they may request or require relating to you, or if relevant, any of your clients.

You agree that we may pass on information obtained under Money Laundering legislation as we consider necessary to comply with reporting requirements under such legislation.

ACCESS TO YOUR INFORMATION AND CORRECTION

We want to ensure that the personal information we hold about you is accurate and up to date. You may ask us to correct or remove information that is inaccurate.

You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.

WHERE WE STORE YOUR PERSONAL DATA

The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.

CHANGES TO OUR PRIVACY POLICY

Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.

OTHER WEBSITES

Our sites contain links to other websites. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.

CONTACT

If you want more information or have any questions or comments relating to our privacy policy please email [email protected] in the first instance.

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Highland Gold Mining (HGM)

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Monday 20 March, 2017

Highland Gold Mining

Unkurtash Scoping Study

RNS Number : 9077Z
Highland Gold Mining Limited
20 March 2017
 

 

HIGHLAND GOLD MINING LIMITED

 

 

Scoping Study Confirms Economic Potential of Unkurtash Project

 

 

20 March 2017

 

 

Highland Gold Mining Limited ("Highland Gold" or the "Company") announces details of a Scoping Study, compiled together with consultants SRK, which indicates positive economics for the Unkurtash project. An executive summary of the Scoping Study will be available shortly on the Company's website (www.highlandgold.com).

 

Located in the Republic of Kyrgyzstan in Central Asia, the Unkurtash license area covers three well-explored deposits - Unkurtash, Karatube and Sarytube - with previously-published JORC-compliant mineral resources (measured, indicated and inferred) of 3.5 Moz of gold at 1.82 g/t (IMC Montan, 2013). The project is situated in an area that already features operating mines and has access to paved roads, power and water supply.

 

Scoping Study highlights:

 

·     18-year life of mine with annual production of ~133k ounces.

 

·     NPV of US$ 200 M at a 10% discount rate, and an IRR of ~19% assuming a long-term gold price of US$ 1,200/oz.

 

·     Estimated average operating costs of $616/oz.

 

·     Mining plan envisioning two open pits of similar size.

 

·     Processing plant utilizing gravity concentration and gravity tailings CIL with an annual throughput of 4 million tonnes and recoveries of over 80%.

 

·     Capital expenditures for project development pegged at US$ 322 million.

 

Highland Gold acquired 100% of Unkurtash from Barrick Gold in 2006 and has since spent US$ 38 million on extensive exploration of the site. Local-standard (GKZ) reserve estimates and a local-format pre-feasibility study have already been submitted to and approved by Kyrgyz regulators.

 

The Company is considering various alternatives for proceeding with the project, including partnering with another strategic investor to co-develop Unkurtash.

 

 

Information contained in this release has been taken from the report "A Scoping Study for the Unkurtash Project, Kyrgyzstan" and prepared in compliance to the JORC Code 2012 by a panel of qualified industry experts of SRK Consulting (Kazakhstan) Limited for Highland Exploration LLC. The Scoping Study has been signed off by Mr. Mike Beare of SRK, who has verified the information pertaining to the Scoping Study in this release. Mr Beare has sufficient experience relevant to the style of mineralisation and type of deposit under consideration to qualify as Competent Persons as defined in the 2012 Edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves".

 

 

FOR FURTHER INFORMATION PLEASE CONTACT:

 

Highland Gold               

John Mann, Head of Communications

+ 7 495 424 95 21

Duncan Baxter, Non-Executive Director

+ 44 (0) 1534 814 202



Numis Securities Limited
(Nominated Adviser and Broker)

John Prior, James Black

Paul Gillam

+44 (0) 207 260 1000

 

Peat & Co
(Joint Broker)

Charlie Peat

+44 (0) 207 104 2334

                             


This information is provided by RNS
The company news service from the London Stock Exchange
 
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