REG-AltynGold Plc Contract extension Teren-Sai

AltyngoldAnnouncement

12/04/2024 07:00

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Contract extension Teren-Sai

 

AltynGold Plc

("AltynGold" or the "Company")

Teren-Sai subsoil exploration area contract extension

AltynGold is pleased to announce that following the approval of its work
program, Teren-sai subsoil exploration contract has been granted an additional
two-year term in order to conduct further exploration and testing. The
addendum to the main contract will allow the Company to perform exploration
works to March 2026.

Since the award of the initial exploration contract in 2016, AltynGold
conducted a Competent Persons Report (CPR) in 2019, which estimated 1.48moz
total mineral resources in area No 2. Subsequent detailed drilling confirmed
prior results and further defined the ore bodies. As part of this process, the
original exploration area was narrowed to targeted zones and non-required area
returned. Further details of the CPR are available on pages 17-20 of the 2022
Annual Report available from the investors section at www.altyngold.uk
(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.altyngold.uk&esheet=53928580&newsitemid=20240411552343&lan=en-US&anchor=www.altyngold.uk&index=1&md5=5b8d8f6da1420e86fd197a0e82675999)
.

A work program is being currently executed on area No 2 with the aim of
commencing open-pit production as soon as sufficient data has been gathered
from further exploration activities.

Further Information:

For further information please contact:

AltynGold Plc

Rajinder Basra

+44 (0) 203 432 3198

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulation
(EU) No. 596/2014, as it forms part of domestic law by virtue of the European
Union (Withdrawal) Act 2018.

Information on the Company

AltynGold 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 AltynGold Plc please visit our website www.altyngold.uk
(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.altyngold.uk&esheet=53928580&newsitemid=20240411552343&lan=en-US&anchor=www.altyngold.uk&index=2&md5=665d873033fcb9e9237e5ee2ba02b256)



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AltynGold Plc


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