Chaarat Gold Holdings has strengthened its management team at its Tulkubash Gold Project in the Kyrgyz Republic. The company remains on schedule to meet its ambitious production timeline.
Frank Fenne, a mining veteran with more than 30 years’ experience in global projects, including major mine builds in Nevada and Australia, has been recruited as head of geology, while Davron Vakhabov, a heap leach pad specialist, joins from Lydian, the developer of the Amulsar project in Armenia. He becomes general director of the local subsidiary and assumes day-to-day responsibility for in-country matters in Bishkek and at site
The company has also made several executive changes with Robert Benbow being promoted from chief operating officer to chief executive officer while founder and current CEO Dekel Golan moves to become deputy chairman of the Board. In addition, Alexander Novak is retiring as a director.
The company believes that the promotion of Robert Benbow will be key to the move from development to production at the Tulkubash heap leach project, but he will not be joining the Chaarat Board.
Dekel Golan, meanwhile, will focus on business development and play a central role in the company’s new Business Development Committee.
“I am greatly looking forward to working with Dekel, Bob, Alex and Davron in their new roles,” said chairman Martin Andersson.
“Dekel and Alex founded Chaarat and have devoted the last 15 years to developing the company. They have worked with me in recent months to identify their succession at this appropriate time. I am pleased that they will continue to provide the Board, and the newly constituted management team, with the benefit of their advice, contacts and experience.”
At Tulkubash itself, 2000 metres out of a planned 11,000 metres has been drilled so far this season, while 60% of the land required for the mine and its infrastructure has been leased until 2032.
Tulkubash requires the submission of a technical project document by December 31, 2018, which will contain a detailed plan for development of the deposit and will be submitted with the environmental impact assessment (OVOS).
Chaarat says it has received a positive expert evaluation on its OVOS.
Martin Andersson said: “Whilst I do not wish to underestimate the challenges of meeting our ambitious timeline to production, I am encouraged that the project is progressing on schedule and the management team has been further strengthened.”