Katoro Gold PLC Blyvoor Gold Production JV Progress Update (8691X)

TIDMKAT

RNS Number : 8691X

Katoro Gold PLC

03 September 2020

Katoro Gold plc (Incorporated in England and Wales )

( Registration Number: 9306219)

Share code on AIM: KAT

ISIN: GB00BSNBL022

   ("Katoro" or  "the   Company") 

Dated: 03 September 2020

Katoro Gold PLC ('Katoro' or the 'Company')

BLYVOOR GOLD PRODUCTION JV - GENERAL PROGRESS UPDATE

Katoro Gold plc (AIM: KAT), the AIM listed gold and nickel exploration and development company, is pleased to announce an update in respect of the Blyvoor gold tailings project (the "Project").

Following the successful site visit during July 2020 (See RNS of 20 July 2020), the Blyvoor Gold Joint Venture ("JV") management and technical team have concluded all final planning and preparations for the resource upgrade program at TSF6 and 7. A suitable drilling contractor has since been engaged and drilling is currently well underway and on schedule. The drilling programme is a key activity in the resource upgrade programme that forms part of the technical work required for the completion of the Definitive Feasibility Study ("DFS").

On 29 May and 21 July 2020, the Company updated the market on the very positive interest it received in project level funding for the Blyvoor Gold Project. The Company has since and continues to make good progress in this regard and is currently engaged in very focussed discussions / negotiations with a selected number of potential funders on the basis of formal expressions of interest / proposals received.

Louis Coetzee, Executive Chairman of Katoro Gold plc, commented:

"We are very pleased with the significant increase in momentum across all project activities and work streams, in spite of the very real COVID-19 restrictions and impact in South Africa. We are particularly pleased with progress on the various funding initiatives over the past month.

"This is an exciting time in the Company's development. We have a competent team on the ground and look forward to provide further updates to the market on this exciting project as we continue to progress towards gold production from Blyvoor."

**ENDS**

For further information please visit www.katorogold.com or contact:

 
 Louis Coetzee     [e-mail]   Katoro Gold plc       Executive Chairman 
 Bhavesh Patel     [phone]        RFC Ambrian Limited   Nominated Adviser 
  Andrew Thomson 
 Nick Emmerson     [phone]        SI Capital Ltd        Broker 
  Sam Lomanto       500 
 Isabel de Salis   [phone]         St Brides Partners    Investor and Media 
  Beth Melluish     1177                    Ltd                   Relations Adviser 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

UPDMZGGLVZMGGZM

(END) Dow Jones Newswires

September 03, 2020 03:00 ET (07:00 GMT)