Kingsgate Consolidated Limited announced that work on refurbishing and restarting the Chatree Gold Mine (Chatree) is underway and includes but is not limited to: The full amount of the Bridge Facility totalling $15 million has now been drawn following receipt of the second tranche of $7.5 million from the Taurus Mining Finance Fund No.2 L.P.; the appointment of Perth based Como Engineers, a highly credentialed engineering services company to help Kingsgate project manage CR3's refurbishment and restart of Chatree. Commencement of initial refurbishment works on Plant #2 including the
grinding circuit, cyanide reduction unit, water systems, and power supply; The appointment of AMC, an internationally recognised mining consultancy to
assist in the preparation of a revised "Life of Mine Plan" based on the upgraded Chatree Ore Reserves of 1.3 million ounces of gold. May 2022); A fully funded exploration program prioritising near mine targets with both RC and Diamond drilling; · Recruitment of additional key personnel required to operate Chatree; and Regular community meetings to keep them abreast of progress and to further reinforce the excellent relationship Akara Resources has built with locals around Chatree.