21st Nov 2005 07:02
Frontier Mining Ltd21 November 2005 21 November 2005 AIM: FML Frontier Mining Ltd ("Frontier" or "the Company") Alexander Rasokhin joins Frontier as Chief Geologist The Company is pleased to announce that Mr. Alexander Rasokhin has recentlyjoined Frontier as Chief Geologist of its wholly owned subsidiary, FMLKazakhstan LLP. Mr. Rasokhin has over 30 years of experience in gold and copper exploration inKazakhstan and neighbouring countries. Mr. Rasokhin joins Frontier from RioTinto Mining and Exploration Ltd. where he has held the position of ChiefGeologist focusing on the exploration of copper-porphyry and gold targets incentral Kazakhstan. Prior to his role for Rio Tinto, Mr. Rasokhin worked asChief Geologist for Newmont Mining's exploration projects in Central Asiaexploring copper-gold porphyry and epithermal gold-silver deposits in centralKazakhstan and sedimentary hosted gold deposits in eastern Kazakhstan. Brian Savage, Chairman and Chief Executive Officer of Frontier, commented: "Weare delighted that Mr. Rasokhin has decided to join Frontier as a geologist ofhis calibre will be a great asset to the Company. Mr. Rasokhin brings a wealthof experience, gained throughout his long career working for the major miningcompanies on the exploration of gold and copper projects in Kazakhstan and otherCIS countries. We are looking forward to harnessing his expertise and advancingour existing projects as quickly as possible." Enquiries Frontier Mining Ltd Brian Savage 020 7849 6530Parkgreen Communications Cathy Malins / Annabel Leather 020 7493 3713 About Frontier Frontier Mining Ltd. is a mineral exploration and development company that wasincorporated in the state of Delaware, USA, on August 5, 1998 for the purpose ofexploring and developing gold and copper deposits in the Republic of Kazakhstan.Through its subsidiaries and affiliates, Frontier locates, evaluates,acquires, explores and develops mineral properties. Frontier has two licenses owned by its wholly owned subsidiaries in Kazakhstan.They are the Naimanjal exploration and mining licence, held by FML Kazakhstan,and the Baltemir exploration licence, held by Baltemir LLP. Frontier has oneproducing gold mine, Naimanjal; one pre-feasibility stage gold project,Koskuduk; and one exploration stage gold prospect, Baltemir. Naimanjal isforecast by management to produce 25,000 ounces of gold in 2006 at a cash costof $250 per ounce. Frontier currently intends to double its gold production to50,000 ounces in 2007 and double it again to 100,000 ounces in 2008. Managementbelieves its gold projects contain more than two million ounces of oxide goldresource. Frontier also has one pre-feasibility stage copper porphyry deposit withassociated gold and molybdenum, Baitimir; and several copper/gold prospectsalong a 25-km trend including both VMS and porphyry types. Metallurgical testson its Beschoku and Yubileiny copper projects confirm the oxide copper ore isamenable to extraction using low cost SX-EW technology. Management believes thecopper projects contain more than 1,000,000 tonnes (2.2 billion pounds) ofcopper (P1) resource with significant potential for increase. Frontier iscurrently evaluating acquisition opportunities in uranium, gold, and copper inKazakhstan and the CIS countries. Frontier shares are traded on the AIM market of the London Stock Exchange.Frontier has 89,209,931 ordinary shares issued and 10,723,747 outstandingoptions and warrants, giving 99,933,678 fully diluted ordinary shares. Further company information may be accessed at the Frontier Mining Ltd. websiteat: http://www.frontiermining.com/ This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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