Expansion of the Tailing Storage Facility at Sekisovskoye Gold Processing Plant

LONDON--()-- 

Altyn Plc

("Altyn" or the "Company")

Expansion of the Tailing Storage Facility at Sekisovskoye Gold Processing Plant

The design of the construction of section IV of tailing storage facility (TSF) at Sekisovskoye gold processing plant is nearing completion as of October 2020. The construction work is planned to start in Q2 2021 as soon as the required permits and approvals from state supervision authorities are obtained. As such, an additional storage facility will be built for stowing over 1.0 mln m3 of tailing solids, which should allow uninterruptible operation of the gold processing plant until 2024.

Furthermore, preliminary design work on the construction of section V of TSF has commenced. It is expected that this will be commissioned in 2023 which will ensure the continuity in operation of the gold processing plant after 2024.

Further Information:

For further information please contact:

Altyn Plc
Rajinder Basra
+44 (0) 207 932 2455

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014.

Information on the Company

Altyn Plc (LSE:ALTN) is an exploration and development company, which is listed on the main market segment of the London Stock Exchange.

To read more about Altyn Plc please visit our website www.altyn.uk

Category Code: MSCL
Sequence Number: 717114
Time of Receipt (offset from UTC): 20201012T180125+0100

Contacts

Altyn Plc

Contacts

Altyn Plc