Taung Gold Delays Jeanette Gold Project Construction Pending Financing

Reuters

Dec 23

Taung Gold Delays Jeanette Gold Project Construction Pending Financing

Taung Gold International Ltd. has announced a further delay in the dispatch of a circular regarding a very substantial acquisition related to the Engineering Procurement and Construction $(EPC)$ contract for Phase 1 of the Jeanette Gold Project. The company cited the need for a firm and secured financing plan before proceeding with the Basic Design, as well as ongoing discussions with state-owned contractors from the PRC for the Jeanette and Evander projects. The timetable for advancing the mining projects has been postponed by one year, with the finalization of the Lump Sum Offer and supplementary agreements now expected by December 2026. The dispatch of the circular to shareholders will also be postponed to on or before 31 December 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Taung Gold International Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20251223-11964864), on December 23, 2025, and is solely responsible for the information contained therein.

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