Kingsgate Consolidated Limited Update on the Ramp-Up of the Chatree Gold Mine

Kingsgate Consolidated Limited (ASX: KCN) share a significant update on the ongoing ramp-up of the Chatree Gold Mine in Thailand. The mining productivity has markedly improved, particularly in October, which set a record for monthly gold production since the restart of operations in March 2023. This impressive achievement is attributed to increasing the proportion of ex-pit ore feed to an outstanding 64%, with the remaining input sourced from lower-grade long-term stockpiles. For comparison, only 34% of the ore processed in the September 2024 quarter came from ex-pit sources.

The processing plants are operating at levels significantly above their combined nameplate capacity of five million tons per annum, demonstrating remarkable efficiency with a 95.8% availability rate and a 97% utilization rate. In another exciting development, it recently conducted two metallurgical studies to process higher-grade carbonaceous ore zones. Both studies produced exceptional results, successfully processing around 72,000 tons of carbonaceous ore. These trials have confirmed that carbonaceous ore can be blended with other ores without negatively impacting recovery rates, and in some instances, recoveries reached the high 80 percentile range. This breakthrough streamlines its mining operations at Chatree and drives down costs, reinforcing its commitment to operational excellence and value creation.

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