CENTERRA Gold has submitted a non-technical summary (NTS) for the Gatsuurt Gold Project. The NTS was submitted in May and provides a summary of the key environmental and social risks and impacts, and the management measures that Centerra will implement.

Centerra Gold’s processing facilities at the Boroo mine in Mongolia’s central north.

The project development is being financed in part by investment from the European Bank for Reconstruction and Development (EBRD), which requires compliance with the EBRD Environmental and Social Policy, in addition to Mongolian legislation.

Centerra has secured most of the required environmental approvals through development of a number of detailed Environmental Impact Assessments completed by independent, licensed Mongolian companies.

Gatsuurt is 90km north of Ulaanbaatar and 50km from Centerra’s Boroo Gold Mine. Included in the operational plan is the design and construction of additional processing facilities at Boroo to treat Gatsuurt refractory ore from. Existing infrastructure will be used at Boroo to process oxide ore with no ore processing at Gatsuurt. Boroo is linked to Gatsuurt by a professionally engineered gravel road.

The Mongolian Parliament has approved state ownership of 34% in Gatsuurt and Centerra is seeking to replace this with a 3% special royalty. Subsidiary Centerra Gold Mongolia (CGM) continues discussions with the government, which has established various working groups to negotiate.

Concurrent with the negotiations, Centerra expects to undertake economic and technical studies to update the existing studies which were initially completed and published in May 2006. As part of such work the company is undertaking an exploration program in preparation for eventual project development.

To this end, in early April Centerra mobilised diamond drill rigs to Gatsuurt and has commenced infill, exploration, geo-technical and hydrogeological drilling.

CGM continues to work with appropriate federal and local governments, relevant state bodies and police to clear the Gatsuurt site of illegal artisanal miners and to restrict their access. The presence of illegal miners has decreased significantly since drilling activity resumed in April.

The mill and heap leach facilities at Boroo are on care and maintenance. In the March quarter the heap facility transitioned to closure as secondary heap leach processing was completed at the end of 2015.

The Boroo operation is continuing with closure activities mainly focusing on reclamation. Any revenue from Boroo gold production from the drain down of the heap leach pad will be offset against mine closure costs.

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