CNT 0.00% $2.11 centamin egypt limited

GOLD - CNT update

  1. 217 Posts.
    CNT upgrade of resources to over 2million onces so far with a lot more drilling to come.
    This is about the best junior out there and a great story also,bit of Indiana Jones about it.

    - Resource increased from 1.73 million ounces to 2.04 million
    ounces gold (Southern end of Sukari Hill only)

    - IRR of 28.4% for 2 million tonne per annum processing plant

    - Recent drilling on Ra zone of Sukari Hill highly promising for
    further increase in resources

    Centamin Egypt Limited (UK/ASX Ticker: CEY/CNT) today announces the
    completion of the independent review of the Bankable Feasibility
    Study for the development of a 2 million tpa processing facility for
    the Sukari Gold Project in Egypt.

    Speaking today, Managing Director Josef El-Raghy said that "the study
    forms the foundation of the company's strategy to become a
    substantial producer of gold."

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Currently unlisted public company.

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