At the end of February 2014, the project was 17% completed while the first production remains on schedule for Q3 2016.
With approximately 670 truckloads of equipment and supplies already been delivered, the Gahcho Kué project is due to receive approximately 100 truckloads by the end of March 2014.
Currently, construction of two 18,000 cubic meter fuel tanks is underway and sufficient fuel will be delivered to support the construction operation at site for the next twelve months.
Preparation is underway for feasibility study update and the results are scheduled to be announced by the end of the month, following which the company will provide further details on financing plans.
The updated feasibility study comprises an updated Reserve statement, updated capital and operating cost estimates, and updated project economics.
