Anatolia Recharges Treasury for Cpler

Vancouver — Anatolia Minerals Development (ANO-T, ALIAF-O) has lined up a $61.5-million financing to fund development of its pler gold project, located about 500 km east-southeast of Ankara in Turkey.

RBC Capital Markets is the sole broker of the deal and will purchase and resell 15 million Anatolia shares at $4.10 apiece. The issuance results in about a 25% dilution, boosting the company’s outstanding common share position to the 76-million level.

A recently completed feasibility study at pler reviewed a large open-pit mine operating at 15,000 tonnes per day in a combined mill and heap-leach project. Capital expenses of US$125.7 million were estimated with the proposed mine producing about 1.4 million oz. gold and 2 million oz. silver over a 9-year life at cash operating costs of US$182 per oz. of gold (net of silver credits).

The study modelled initial development of the near-surface oxide zone, containing proven and probable reserves of 38.66 million tonnes grading 1.6 grams gold per tonne and 4.7 grams silver per tonne, with ongoing drilling to define and add oxide and sulphide resources.

Gold mineralization is hosted in three closely spaced deposits related to a porphyry-epithermal system.

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