20th Jul 2009 10:38
Hambledon Mining plc
( the "Company")
Results of Annual General Meeting
At the Annual General Meeting of the Company held on 17 July 2009 at 14.30, all resolutions were duly passed. George Eccles, Chairman, made the following comments:
"I think you will have all read my statement in our Annual Report. The Company has faced considerable challenges which have been documented in our various Stock Exchange announcements. I would like to assure shareholders that we continue to monitor and review all our practices at the mine to ensure that we are producing as much gold as efficiently as possible. Steps are already in hand to augment the mining fleet so that we can feed the process plant with sufficient ore to meet its increased capacity. We remain confident that once this has been done, the originally targeted gold production levels can be met and, later in the pit life, exceeded."
Nick Bridgen, CEO, added that "the stripping ratio is currently at the highest level that it is going to reach, which meant that in June we had to treat some ore from the low grade stockpile that would not otherwise have been treated until after the end of the pit life. We are planning to purchase a third excavator, promised for August delivery, which will enable us to mine more higher grade ore."
Enquiries:
| Hambledon Mining: |
| Telephone +44 (0)20 7233 1462 |
| Charles Zorab |
| Fairfax I.S. PLC: |
| Telephone +44 (0)207 598 5368 |
| Nominated Adviser and Broker |
| Ewan Leggat |
Copyright Business Wire 2009
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