Company News: Kopylovskoye
Updated: 24 Dec 2010
Kopylovskoye AB was created three years ago as a subsidiary of Central Asia Gold AB, another Swedish exploration and production gold company. In 2008 the shareholders of Central Asia Gold AB took a decision to dividend out shares of Kopylovskoye AB. Since then, the company has been fully independent. It has been a rapid rise to where the firm is today.
Kopylovskoye AB is now listed at NasdaqOMX First North.
The company owns six exploration projects, with total Russian GKZ C1-P2 classifi cation of 1.8Moz of total resources and reserves, in a world-class gold prospective area and is developing 15 gold projects on 6 bedrock gold exploration and production licensesIts short-term target is to prove JORC resources while in the long-term, it aims to start production in 2013 at the Kopylovskoye deposit.
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