28th Mar 2008 10:17
Allied Gold Limited28 March 2008 FOR IMMEDIATE RELEASE 28 March 2008 Allied Gold Limited ("Allied", "Allied Gold" or "the Company") The Company announces that at the General Meeting of the Company held today, allresolutions put to Shareholders were passed on a show of hands. In addition, at the General Meeting the Company presented and updated on itsoperations. The key points presented were: - First gold shipment & refinery outturn 12 March 2008 for 3170oz fine Au - Process plant reaches 74% capacity by 14 March 2008 - Mill throughput to 24 March 144,000 tonnes - Gold recovered to 24 March 17,848 ounces - Gold poured to 24 March 10,288 ounces - Commission Aerial Rope Conveyor May 2008 - a first for a gold mine & first in southern hemisphere A copy of this presentation is attached as a link to this announcement: Paste the following link into your web browser to download the PDF document related to this announcement: http://www.rns-pdf.londonstockexchange.com/rns/0129r_-2008-3-28.pdf For enquiries in connection with the above, please contact: Mark CarusoChairman and Managing DirectorAllied Gold Limited+ 61 8 9353 [email protected] Roland CornishBeaumont Cornish Limited020 7628 3396 Notes Background Allied Gold is an emerging gold producer having commissioned its 100 percentowned Simberi Oxide Gold Project in February 2008. The project is situated onthe northern most island of the Tabar Islands Group, located in the New IrelandProvince of eastern Papua New Guinea some 60 kilometres north-west of the LihirGold Project, which hosts a 40 million ounce gold resource. Simberi hosts measured, indicated and inferred mineral resources ofapproximately 2.4 million ounces of gold and proven and probable ore reserves of674,000 ounces of gold. Allied's strategy is to add to the gold inventory on Simberi Island with a viewto expanding annualised gold production from current levels of 84,000 ounces andto generate and drill test gold and base metals targets identified on the nearbyTatau and Big Tabar islands. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
ALD.L