Historical Timeline
1987 – Kinsgate Consolidated Limited commenced prospecting for gold mineralization in Thailand and later discovered a highly potential gold deposit straddling Phichit, Phetchabun and Phitsanulok provinces.
1993
Akara Resources (formerly Akara Mining Company Limited) was incorporated and registered as a private company under Thai law.
2000
The Company was granted mining leases with a 20-year tenure and licences required for operating a gold mine. The metallurgical processing plant and associated infrastructure were constructed under the “Chatree South Project.”
2001
We commenced our first commercial gold production for the Chatree South Project in November 2001.
2003
The Company expanded the Metallurgical Processing Plant, increasing the nameplate capacity to 1.8 million tonnes per year.
2006
Another expansion to the Metallurgical Processing Plant raised the nameplate capacity to 2.35 million tonnes per year.
2008
The Company was granted mining leases with a 20-year tenure for the “Chatree North Project.” The addition tripled the area available for mining and led to the access of much larger defined Ore Reserves.
2012
The Metallurgical Processing Licence was granted allowing for the expansion of the plant to achieve a nameplate capacity of 5.0 million tonnes per annum.
2013
The Company changed its name to “Akara Resources Public Company Limited.”
2017
The Company experienced a temporary suspension.
2021
The Mineral Commission National Mineral Management Policy Commission (NMMPC) extended the Company’s mining leases for 10 years from 30 December 2021- 29 December 2031
2023
Reopening of the Chatree Gold Mine
