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Solidcore Resources plc: Group’s CEO discussed the Company’s projects with the President of the Republic of Kazakhstan, Kassym-Jomart Tokayev
EQS Newswire / 07/11/2024 / 04:00 MSKAt the meeting with the President of Kazakhstan Kassym-Jomart Tokayev, held last week as a part of the 36th plenary session of the Foreign Investors’ Council in Astana, Vitaly Nesis, CEO of Solidcore Resources plc (“Solidcore” or the “Company”), outlined the Company's performance and investment plans, including construction of Ertis hydrometallurgical complex (EPOX) in Pavlodar and development of Syrymbet polymetallic deposit in North-Kazakhstan region.EPOX“EPOX is our flagship development project”, said Vitaly Nesis. “It will process refractory and double-refractory gold concentrates using autoclave oxidation technology. This is a unique technology recognized as the safest and most sustainable in the hydrometallurgical industry.” Mr. Nesis also elaborated on the ongoing pre-project preparation for construction. The plant will be located in the special economic zone “Pavlodar” with design processing capacity of 300 Kt of concentrate per year. It is expected to produce gold dore bars with up to 98% gold purity. Once in operation, the facility will create about 500 new jobs in the region. The planned investments are estimated at approx. US$ 800 million, which will be financed through a combination of the Company’s existing cash resources and funding from development banks and international financial institutions.SYRYMBETVitaly Nesis also informed President Tokayev about the Company's acquisition of a 55% interest in Syrymbet, an undeveloped polymetallic deposit located in North-Kazakhstan region.“Syrymbet is a polymetallic deposit with tin as a major component, which perfectly fits our strategy of enhancing and diversifying Solidcore’s exposure to the green transition. Management believes the project will benefit from the Company’s execution expertise and successful track record in out-of-the box processing strategies”, he said.Solidcore will refine the existing approach to processing to accelerate path to production, optimise capital expenditures and reduce the environmental footprint of the project. The project will bring about social investments in the region and create a significant number of permanent jobs with a focus on the local workforce.LABORATORY“With the growing volume of geological exploration work carried out by the Company, we decided to establish our own geological fire assay laboratory to facilitate analysis and evaluation processes”, said Vitaly Nesis.The laboratory will be located in the special economic zone “Saryarka”. Commissioning is scheduled for the end of the next year. It will have a processing capacity of 200,000 samples annually and will create about 100 jobs for highly qualified specialists.PERSONNEL DEVELOPMENTWith 2025 declared the Year of Working Professions in Kazakhstan, Vitaly Nesis also highlighted the Company’s initiatives in training and development of workforce in the regions of Solidcore’s presence. A notable example is the Company’s collaboration with local authorities to develop Zharma Technological College in Abai region. The College has been equipped with modern educational tools, including excavator and dump truck simulators, as well as machinery and other training equipment.President Kassym-Jomart Tokayev emphasized the importance of the Company’s efforts for Kazakhstan’s mining sector.Enquiries Investor Relations Media Kirill Kuznetsov Alina Assanova +7 7172 47 66 55 (Kazakhstan) ir@solidcore-resources.com Yerkin Uderbay +7 7172 47 66 55 (Kazakhstan) media@solidcore-resources.kz FORWARD-LOOKING STATEMENTSThis release may include statements that are, or may be deemed to be, “forward-looking statements”. These forward-looking statements speak only as at the date of this release. These forward-looking statements can be identified by the use of forward-looking terminology, including the words “targets”, “believes”, “expects”, “aims”, “intends”, “will”, “may”, “anticipates”, “would”, “could” or “should” or similar expressions or, in each case their negative or other variations or by discussion of strategies, plans, objectives, goals, future events or intentions. These forward-looking statements all include matters that are not historical facts. By their nature, such forward-looking statements involve known and unknown risks, uncertainties and other important factors beyond the company’s control that could cause the actual results, performance or achievements of the company to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. Such forward-looking statements are based on numerous assumptions regarding the company’s present and future business strategies and the environment in which the company will operate in the future. Forward-looking statements are not guarantees of future performance. There are many factors that could cause the company’s actual results, performance or achievements to differ materially from those expressed in such forward-looking statements. The company expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statements contained herein to reflect any change in the company’s expectations with regard thereto or any change in events, conditions or circumstances on which any such statements are based.07/11/2024 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.comEQS
Nov 7, 2024
Solidcore Resources plc: Group’s CEO discussed the Company’s projects with the President of the Republic of Kazakhstan, Kassym-Jomart Tokayev
EQS Newswire / 07/11/2024 / 04:00 MSKAt the meeting with the President of Kazakhstan Kassym-Jomart Tokayev, held last week as a part of the 36th plenary session of the Foreign Investors’ Council in Astana, Vitaly Nesis, CEO of Solidcore Resources plc (“Solidcore” or the “Company”), outlined the Company's performance and investment plans, including construction of Ertis hydrometallurgical complex (EPOX) in Pavlodar and development of Syrymbet polymetallic deposit in North-Kazakhstan region.EPOX“EPOX is our flagship development project”, said Vitaly Nesis. “It will process refractory and double-refractory gold concentrates using autoclave oxidation technology. This is a unique technology recognized as the safest and most sustainable in the hydrometallurgical industry.” Mr. Nesis also elaborated on the ongoing pre-project preparation for construction. The plant will be located in the special economic zone “Pavlodar” with design processing capacity of 300 Kt of concentrate per year. It is expected to produce gold dore bars with up to 98% gold purity. Once in operation, the facility will create about 500 new jobs in the region. The planned investments are estimated at approx. US$ 800 million, which will be financed through a combination of the Company’s existing cash resources and funding from development banks and international financial institutions.SYRYMBETVitaly Nesis also informed President Tokayev about the Company's acquisition of a 55% interest in Syrymbet, an undeveloped polymetallic deposit located in North-Kazakhstan region.“Syrymbet is a polymetallic deposit with tin as a major component, which perfectly fits our strategy of enhancing and diversifying Solidcore’s exposure to the green transition. Management believes the project will benefit from the Company’s execution expertise and successful track record in out-of-the box processing strategies”, he said.Solidcore will refine the existing approach to processing to accelerate path to production, optimise capital expenditures and reduce the environmental footprint of the project. The project will bring about social investments in the region and create a significant number of permanent jobs with a focus on the local workforce.LABORATORY“With the growing volume of geological exploration work carried out by the Company, we decided to establish our own geological fire assay laboratory to facilitate analysis and evaluation processes”, said Vitaly Nesis.The laboratory will be located in the special economic zone “Saryarka”. Commissioning is scheduled for the end of the next year. It will have a processing capacity of 200,000 samples annually and will create about 100 jobs for highly qualified specialists.PERSONNEL DEVELOPMENTWith 2025 declared the Year of Working Professions in Kazakhstan, Vitaly Nesis also highlighted the Company’s initiatives in training and development of workforce in the regions of Solidcore’s presence. A notable example is the Company’s collaboration with local authorities to develop Zharma Technological College in Abai region. The College has been equipped with modern educational tools, including excavator and dump truck simulators, as well as machinery and other training equipment.President Kassym-Jomart Tokayev emphasized the importance of the Company’s efforts for Kazakhstan’s mining sector.Enquiries Investor Relations Media Kirill Kuznetsov Alina Assanova +7 7172 47 66 55 (Kazakhstan) ir@solidcore-resources.com Yerkin Uderbay +7 7172 47 66 55 (Kazakhstan) media@solidcore-resources.kz FORWARD-LOOKING STATEMENTSThis release may include statements that are, or may be deemed to be, “forward-looking statements”. These forward-looking statements speak only as at the date of this release. These forward-looking statements can be identified by the use of forward-looking terminology, including the words “targets”, “believes”, “expects”, “aims”, “intends”, “will”, “may”, “anticipates”, “would”, “could” or “should” or similar expressions or, in each case their negative or other variations or by discussion of strategies, plans, objectives, goals, future events or intentions. These forward-looking statements all include matters that are not historical facts. By their nature, such forward-looking statements involve known and unknown risks, uncertainties and other important factors beyond the company’s control that could cause the actual results, performance or achievements of the company to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. Such forward-looking statements are based on numerous assumptions regarding the company’s present and future business strategies and the environment in which the company will operate in the future. Forward-looking statements are not guarantees of future performance. There are many factors that could cause the company’s actual results, performance or achievements to differ materially from those expressed in such forward-looking statements. The company expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statements contained herein to reflect any change in the company’s expectations with regard thereto or any change in events, conditions or circumstances on which any such statements are based.07/11/2024 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.comEQS
Nov 7, 2024
