Question 1

What was the initial advance payment in ASSAT’s 1 September 2026 contract for Karaberd underground mining?

Accepted Answer

ASSAT’s 1 September 2026 contract with TTH Limited included an initial advance payment of AMD 20,000,000 (c. €47,600).

Question 2

What is the target date range for commissioning IMC Exploration Group plc’s silver plant?

Accepted Answer

IMC Exploration Group plc aimed to have its target silver plant in place by end October or early November 2026, dependent on successful installation and commissioning.

Question 3

How much gold does IMC expect to produce in Armenia over the next 12 months?

Accepted Answer

IMC expects to produce about 50kg of gold over the next 12 months, with gold concentration at Megradzor at about 4,000 tonnes per month and gold processing to 0.997 purity at Masis.

Question 4

What did the Karaberd contract execution enable at IMC Exploration Group plc’s laboratory?

Accepted Answer

Karaberd contract execution enabled increased lab throughput (up to 30 samples/day) and faster assay turnaround, dependent on completion of the laboratory reconstruction work stream.

Question 5

How much ore surface relocation is planned for Karaberd underground works?

Accepted Answer

Karaberd underground works include surface preparation with physical relocation of up to 5,000 tonnes of rock/associated ore, expected to be completed within up to 2 months from signing.

Question 6

What is the expected assay/lab throughput upgrade timeline for Karaberd?

Accepted Answer

Karaberd’s laboratory reconstruction is expected to increase deposit lab processing capacity up to 30 samples per day, with an expected operational milestone within up to 3 months from signing.

Timeline

IMC Exploration

IMC Exploration signs Karaberd underground mining works contract

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