KINGSGATE AND ITS THAI SUBSIDIARY, AKARA RESOURCES public company limited, Own THE CHATREE GOLD MINE IN CENTRAL THAILAND

The Chatree Gold Mine (“Chatree”) is located in central Thailand, approximately 280 kilometres north of Bangkok. Chatree’s operations have historically been a large scale, low-grade, open pit gold mine.

Chatree was Thailand’s first and largest modern gold mine, and it commenced commercial operations in November 2001. Since then, Chatree has produced more than 1.8 million ounces of gold and more than 10 million ounces of silver.

Chatree has always had an outstanding occupational health & safety record coupled with stringent environmental controls that made it one of the world’s safest and best practice gold mines.

As a result, Chatree has received numerous awards for its impeccable health and safety record and environmentally sustainable operations.

However in May 2016, the Thai Government announced that all gold mining in Thailand would cease by 31 December 2016.

As a result, Chatree was placed on Care and Maintenance on 1 January 2017.

Since the announcement in May 2016, Kingsgate has been focussed on ways to remedy the situation. More information on the status of the Chatree Gold Mine can be found HERE.