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Update on timing of Preliminary Economic Assess...
Update on timing of Preliminary Economic Assess....
About this update from Serabi Gold Plc
[{"type":"text","content":"\n Update on timing of Preliminary Economic Assessment for the Coringa Gold ProjectFor immediate release 5 August 2019Serabi Gold plc(“Serabi” or the “Company”)Update on timing of Preliminary Economic Assessment for the Coringa Gold ProjectSerabi Gold plc (AIM: SRB, TSX: SBI), the Brazilian focused gold mining and development company, advises that its independent consultants, Global Resource Engineering (“GRE”), have requested further time to complete their work and deliver the results of the Preliminary Economic Assessment (”PEA”) of Serabi’s Coringa gold project. The timing has had to be extended following the Company’s decision to switch to a dry stacking solution and dispense with a conventional tailings dam which has impacted on the process flow sheet design. The consultants have undertaken to Serabi that the results will be available before the end of August and will make every effort to deliver them earlierMike Hodgson, CEO of Serabi commented:“Whilst we had planned for to be able to issue the results of the PEA during this week, we expect the delay in completion will be limited, and look forward to the publication of the PEA results later this month.”This announcement is inside information for the purposes of Article 7 of Regulation 596/2014.The person who arranged for the release of this announcement on behalf of the Company was Clive Line, Director.Enquiries:Serabi Gold plc Michael HodgsonTel: +44 (0)20 7246 6830Chief ExecutiveMobile: +44 (0)7799 473621 Clive LineTel: +44 (0)20 7246 6830Finance DirectorMobile: +44 (0)7710 151692 Email: [email protected] Website: www.serabigold.com Beaumont Cornish LimitedNominated Adviser and Financial Adviser Roland CornishTel: +44 (0)20 7628 3396Michael CornishTel: +44 (0)20 7628 3396 Peel Hunt LLPUK Broker Ross AllisterTel: +44 (0)20 7418 8900James BavisterTel: +44 (0)20 7418 8900 Copies of this announcement are available from the Company's website at www.serabigold.com.Neither the Toronto Stock Exchange, nor any other securities regulatory authority, has approved or disapproved of the contents of this announcement.Qualified Persons StatementThe scientific and technical information contained within this announcement has been reviewed and approved...