3rd Nov 2008 10:20
For immediate release 3 November 2008
ALLIED GOLD LIMITED
("ALLIED" OR "THE COMPANY")
INVESTOR PRESENTATION
Allied Gold Limited is currently undertaking various investor presentations in the United Kingdom.
The presentation which will be presented throughout the Roadshow can be reviewed on the Company's website, www.alliedgold.com.au and with the following link:
http://www.rns-pdf.londonstockexchange.com/rns/2724H_-2008-11-3.pdf
For more information:
|
Mark Caruso Executive Chairman |
T:+61 7 3252 5911 |
|
Roland Cornish Beaumont Cornish Limited |
T: +44 (0) 20 7628 3396 |
Background
Allied Gold is a gold production company having commissioned its 100 percent owned Simberi Oxide Gold Project in February 2008. The project is situated on the northern most island of the Tabar Islands Group, located in the New Ireland Province of eastern Papua New Guinea some 60 kilometres north-west of the Lihir Gold Project, which hosts a plus 40 million ounce gold resource.
Simberi contains measured, indicated and inferred mineral resources of approximately 3.0 million ounces of gold and proven and probable ore reserves of 674,000 ounces of gold.
Allied's strategy is to add to the gold inventory on Simberi Island. This will be achieved by defining additional oxide resources and conversion of these and known resources into reserves with a view to expanding annualised gold production from current levels of 84,000 ounces, and to generate and drill test gold and base metals targets identified on the nearby Tatau and Big Tabar islands. As at June 2008, exploration on Tatau and Big Tabar Islands is being undertaken by Barrick Gold as part of a JV arrangement with Allied.
Related Shares:
ALD.L