The Corporation holds a significant portfolio of highly prospective under-explored land holdings across Turkey. The Corporation continues to explore for opportunities to further expand current operations and to become a sustainable multi-mine producer with a focus on Turkey.
The Corporation is taking a disciplined and systematic approach to the exploration program with efforts focused in two parts. Firstly, exploration continues for satellite oxide deposits in the Çöpler District at Çakmaktepe and Bayramdere that can add near-term value by leveraging Çöpler’s existing infrastructure, including the excess capacity arising from the HLP4 expansion.
In the region, the Gediktepe Project has advanced with the release of a Prefeasibility Study in September 2016 which included a maiden resource and reserve. The Prefeasibility Study demonstrated that Gediktepe is economic and technically viable project. The early exploration results from the Çöpler District and the Gediktepe Project have been encouraging and have increased the confidence that these prospects will add to the Corporation’s near-term and mid-term organic growth pipeline.