Serabi Gold Plc (AIM: SRB), has confirmed positive economics from the Preliminary Economic Assessment (PEA) for its 100%-owned Coringa Gold Project, located in Para State, Brazil. The PEA was completed by Global Resource Engineering and its results support the company’s intention to develop a high grade, an underground mining operation. Based on the current expected timeline for the award of licences, the board of the company expects that construction could be commenced at the end of the second quarter of 2020.
On 6th September 2019, at the time of writing, GMT 08:02 AM, SRB shares were trading at GBX 85.00, up by 3.00 points or 3.66% against the previous day closing price.
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