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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Scotgold Resources Limited | LSE:SGZ | London | Ordinary Share | AU000XINEAK5 | ORD NPV (DI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 13.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
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
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(END) Dow Jones Newswires
December 13, 2016 02:00 ET (07:00 GMT)
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