19th Feb 2021 11:54
Trans-Siberian Gold PLC - gold producer in Russia - Reports the results of an independent scoping study for Rodnikova project in Kamchatka, Far East Russia, prepared by SRK Consulting (Russia) Ltd. Trans-Siberian sasy the scoping study has identified economically viable development options which justifies the advancement of the project. At this stage of project evaluation, the company says a number of risks have been identified. In particular, geotechnical, hydrogeological, environment and social impact risks will be fully evaluated during the additional exploration and a pre-feasibility study with a robust mitigation plan developed where appropriate.
"The Rodnikova project scoping study has delivered viable project economics based on cautious and conservative assumptions. As with all scoping studies there is a significant amount of work to be completed before a definitive investment decision can be made," says Chief Executive Alexander Dorogov.
Current stock price: 92.65 pence
Year-to-date change: down 28%
By Evelina Grecenko; [email protected]
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