[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
Related Companies
[]
Related Funds
[]
English
oda_MaterialEventDisclosureGeneralAbstract|
Material Event Disclosure General
oda_UpdateAnnouncementFlag|
Update Notification Flag
Evet (Yes)
oda_CorrectionAnnouncementFlag|
Correction Notification Flag
Hayır (No)
oda_DateOfThePreviousNotificationAboutTheSameSubject|
Date Of The Previous Notification About The Same Subject
19.07.2024
oda_DelayedAnnouncementFlag|
Postponed Notification Flag
Hayır (No)
oda_AnnouncementContentSection|
Announcement Content
oda_ExplanationSection|
Explanations
oda_ExplanationTextBlock|
As announced in our material event disclosure published on 19 July 2024, a gold mine was discovered in the mining area under the responsibility of our subsidiary Erdemir Madencilik Sanayi ve Ticaret A.Ş. (Ermaden) in Sivas province; and in this context, it was decided to initiate reserve determination studies in accordance with the standards of the National Resources and Reserves Reporting Committee (UMREK) in order to measure the possible reserve amount.

In this regard, intensive drilling operations have been initiated in a 14-hectare section of the licensed area covering an area of over 5,800 hectares, located near the Kangal district of Sivas province, continue at an average monthly level of 7,000 meters.

As a result of the drilling activities in progress, positive indicators have been obtained and studies are ongoing to identify and confirm these findings with a resource report in accordance with UMREK standards.

In order to ensure that the reserve determination process is completed in accordance with UMREK standards, the Australian-based company Westech International has been assigned and the drilling activities will be continued by expanding the area.

Further developments will be made available to public.

In contradiction between the Turkish and English versions of this public disclosure, the Turkish version shall prevail.