REG - Central Asia Metals - CAML achieves conformance with GISTM

Central Asia MetalsAnnouncement

02/07/2024 07:00

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RNS Number : 6897U  Central Asia Metals PLC  02 July 2024

02 July 2024

CENTRAL ASIA METALS PLC

('CAML' or the 'Company')

CAML achieves conformance with Global Industry Standard on Tailings Management

Central Asia Metals plc (AIM: CAML) is pleased to announce the release of its
Public Disclosure Document with respect to management of the tailings storage
facilities ('TSFs') at the Company's wholly-owned Sasa zinc-lead mine in North
Macedonia ('Sasa'). Publication of the document, the culmination of a
three-year work programme completed on schedule, brings CAML in conformance
with the Global Industry Standard on Tailings Management ('GISTM'), the first
such global standard.

 

Key highlights

-      GISTM is based on 15 core principles spread across six topics,
ranging from potentially affected communities, through design and
construction, to facilities management and planned emergency response.

-      The disclosure document covers Sasa, the only operation in the
CAML Group which has TSFs.

-      CAML's GISTM conformance has been independently audited by a
third-party, international consultancy Knight Piésold.

-      Adoption of GISTM is not a legal requirement for CAML, though is
required of members of the International Council on Mining & Metals
('ICMM'), an industry body comprising 24 of the world's largest mining
companies.

-      However, CAML decided to adopt GISTM on a voluntary basis to
demonstrate its commitment to safe and sustainable mining practices.

-      Looking ahead, Sasa is moving its tailings storage to a system of
predominantly paste fill, part of its revised underground mining method, and
dry-stack tailings ('DST'). Placing of cemented tailings as paste fill is
already under way, and deposition of DST will commence in H2 2024.

 

Nigel Robinson, Chief Executive Officer, commented:

"Three years ago the CAML Board took the voluntary decision to bring the
Group's TSFs into conformance with GISTM, thereby demonstrating our continued
commitment to international best practice. We place the highest priority on
the health and safety of our workforce and the communities in which we
operate, and we believe today's announcement underlines the high standards
that we set ourselves in this regard."

 

Richard Elmer, Director of Knight Piésold, commented:

"For the Sasa TSFs all GISTM requirements have either been met (92%), or are
met with a plan in place (8%), and therefore CAML conforms with GISTM. A
significant milestone is the commissioning of the DST due to occur in H2 2024.
Adopting filtered tailings stacks is an example of best available technology
and is in line with international best practice."

More information on CAML's tailings management and a copy of its GISTM Public
Disclosure Document may be found on the Group's website at the following link:

https://www.centralasiametals.com/sustainability/environment/tailings/
(https://www.centralasiametals.com/sustainability/environment/tailings/)

 

For further information contact:

 Central Asia Metals                             Tel: +44 (0) 20 7898 9001
 Nigel Robinson
 CEO
 Gavin Ferrar
 CFO
 Louise Wrathall                                 louise.wrathall@centralasiametals.com
 Director of Corporate Development
 Richard Morgan                                  richard.morgan@centralasiametals.com
 Investor Relations Manager

 Peel Hunt (Nominated Advisor and Joint Broker)  Tel: +44 (0) 20 7418 8900
 Ross Allister
 David McKeown

 Emily Bhasin

 BMO Capital Markets (Joint Broker)              Tel: +44 (0) 20 7236 1010
 Thomas Rider
 Pascal Lussier Duquette

 BlytheRay (PR Advisors)                         Tel: +44 (0) 20 7138 3204
 Tim Blythe
 Megan Ray

Note to editors:

 

Central Asia Metals, an AIM-listed UK company based in London, owns 100% of
the Kounrad SX-EW copper project in central Kazakhstan and 100% of the Sasa
zinc-lead mine in North Macedonia. The Company also owns an 80% interest in
CAML Exploration, a subsidiary that was formed to progress early exploration
opportunities in Kazakhstan, and a 28.7% interest in Aberdeen Minerals Ltd, a
privately owned UK company focused on the exploration and development of base
metals opportunities in Northeast Scotland.

For further information, please visit www.centralasiametals.com
(http://www.centralasiametals.com/)  and follow CAML on X at @CamlMetals and
on LinkedIn at Central Asia Metals Plc

 

 

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