RNS5 Jan 2017 07:25
Looks very good to me.
Already funded to take more of the JV vehicle..
Cameron Parry, Kolar Gold CEO, commented: "We are pleased to report that Kolar Gold now owns 15.4% of the newly established Finland operating company, Kalevala, with high grade gold targets within licences covering 24km(2) in central East Finland.
"Should 100 kilos or more of gold be produced from our planned 10,000 tonne gold ore bulk sampling campaign in Q3 this year, Kalevala will generate material revenues, based on today's gold price with the potential for such sums to be reinvested into further exploration or the possible return of capital to Kalevala shareholders through dividends.
"We look forward to progressing our work in Finland over the coming months and updating the market accordingly as we head towards our planned first gold production."