New License Area Acquired
The transfer process of a Group 4 license located within the borders of İvrindi district of Balıkesir, held by the Wealth Fund, has been initiated. It was reported to KAP.
Türk Altın İşletmeleri A.Ş. announced through the Public Disclosure Platform (KAP) that it has initiated the transfer process of the strategically important Group 4 gold license located within the borders of İvrindi district of Balıkesir, held by the Turkey Wealth Fund.
As a result of evaluations, the total resource quantity of the license area has been determined to be approximately 700 thousand ounces. This amount represents a significant value in terms of the region's gold potential.
Importance of the Project and Objectives
With the acquisition of this new license area, our company plans to increase its production capacity and strengthen its goal of becoming a major player in Turkey's domestic gold production. Within the scope of the project:
- Environmentally sensitive production using modern mining technologies
- Increased employment opportunities in the region
- Contribution to the local economy
- Implementation of sustainable mining principles
Contribution to Regional Development
This project to be implemented in the İvrindi region is of great importance not only for our company but also for the local community and the Turkish economy.
"This project will create new employment areas in Balıkesir and surrounding provinces and make a significant contribution to regional development. With our domestic and national production approach, we will play an important role in meeting our country's gold demand."
The project will be evaluated through a detailed feasibility study after the completion of all legal permits, and production activities will commence upon approval.
Environmental and Social Responsibility
As in all its projects, our company places utmost importance on environmental and social responsibility principles in this project.
- Full compliance with environmental regulations
- Regular environmental monitoring activities
- Rehabilitation works carried out simultaneously
- Transparent communication with local communities
Following the completion of the transfer process and the fulfillment of necessary legal procedures, detailed information about the project will be shared with the public.
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