Sign In
14 Aug 2013 09:35
14 August 2013
Kryso Resources Corporation Limited
(‘Kryso’ or the ‘Company’)
AIM: KYS
AWARD OF CONTRACTS FOR FLOTATION CELLS, CRUSHERS AND BALL MILLS
Kryso Resources Corporation Limited (AIM: KYS), the mineral exploration and development company currently developing the Pakrut gold project in the Republic of Tajikistan, is pleased to announce that its wholly-owned subsidiary Kryso Resources Limited (formerly Kryso Resources Plc) has, having undertaken a competitive tender process, awarded contracts for the supply of ball mills, crushers and flotation cells in relation to the construction of its Pakrut gold project.
Ball mills and related services will be supplied by CITIC Heavy Industries Co. Ltd and NFC (Shenyang) Metallurgical Machinery Co. Ltd, crushers and related services by Metso Minerals (Tianjin) International Trade Co. Ltd and flotation cells and related services by BeiKuang Mechanical & Electrical Technology Co. Ltd.
Commenting, Craig Brown, Kryso’s Managing Director, said:
“The award of these contracts marks further progress as we move towards bringing the Pakrut project into production. Construction work is ongoing and we remain confident that the project will be in production in 2014.”
For further information please visit the Company’s website (www.kryso.com) or contact:
Kryso Resources Corporation Limited
Craig Brown, Managing Director
Tel: +44 (0) 20 7349 9160
Investec Bank Plc
Jeremy Ellis, Chris Sim, George Price
Tel: +44 (0) 20 7597 5970
XCAP Securities Plc
Jon Belliss, Guy Peters
Tel: +44 (0) 207 101 7070
Blythe Weigh Communications
Paul Weigh, Halimah Hussain
Tel: +44 (0) 20 7138 3204
Notes to Editors
Project Summary
The Pakrut gold project, of which Kryso has 100 per cent ownership, is situated in Tajikistan approximately 120km northeast of the capital city Dushanbe. Pakrut has estimated total JORC compliant resources of 4,720,000 oz Au (assuming a cut-off grade of 0.5 grams per tonne of gold) and is located within the Tien Shan gold belt, which extends from Uzbekistan into Tajikistan, Kyrgyzstan and Western China, and which hosts a number of multi-million ounce gold deposits.
Kryso is currently in a construction phase with mining contractors on site developing the underground mine and surface infrastructure. Kryso has completed building a number of new bridges and roads up to site. Infrastructure construction began in October 2011 and construction of the mine commenced in September 2012. At the same time exploration is continuing with five drill rigs currently operating in the Pakrut Licensed Area drilling at Eastern Pakrut, Rufigar and Sulfidnoye.
About Tajikistan
Tajikistan is a secular republic located in Central Asia. The country is a member of the Commonwealth of Independent States and the Shanghai Cooperation Organisation. Tajikistan hosts numerous operating precious metal mines as well as the largest aluminium smelter in Central Asia. Kryso's management team has extensive experience in the mining industry in Tajikistan.
Copyright Business Wire 2013
Follow the stocks
