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Kingsgate Consolidated (ASX: $KCN) receives operating permit for Plant #1 at Chatree Gold Mine

Kingsgate Consolidated announces operating permit for Plant #1 at Chatree Gold Mine


Kingsgate Consolidated Limited (ASX: $KCN) has announced that Plant #1 at the Chatree Gold Mine has been granted an operating permit following a successful inspection by the Department of Primary Industries and Mines. The company's Managing Director and CEO, Jamie Gibson, expressed the significance of this milestone, marking the final step in the journey to rebuild the Chatree Gold Mine.

Executive Commentary on Operating Permit for Plant #1


This is an incredibly important milestone for our company and represents the final piece in the puzzle in the journey to rebuild the Chatree Gold Mine. With both plants now operational, we are excited about unlocking Chatree's full potential.

Summary of Kingsgate Consolidated's Operating Permit Announcement


Kingsgate Consolidated Limited (ASX: $KCN) has received an operating permit for Plant #1 at the Chatree Gold Mine, signifying a significant step in the mine's reconstruction. The successful inspection by the Department of Primary Industries and Mines has paved the way for full commissioning and ramp up to full operations. Managing Director and CEO, Jamie Gibson, expressed enthusiasm about unlocking Chatree's full potential with both plants now operational. This development marks a positive outlook for Kingsgate Consolidated as it progresses in its journey to rebuild and maximize the Chatree Gold Mine's capabilities.

KINGSGATE CONSOLIDATED LIMITED.
KCN | ASX | Materials
1.575-0.015(-0.94%)
At close 05/07 (AEDT)
Market cap
$409.8M
Volume
364,516
DY Yield
0
PE Ratio
18.36
52 Week Range
1.05 - 1.885
1YR Return
27.781%

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