19th Nov 2007 16:29
Frontier Mining Ltd19 November 2007 19th November 2007 AIM: FML Frontier Mining Ltd. ("Frontier" or "the Company") Frontier Mining Ltd obtains approval for "Subsoil Use Contract" Frontier Mining Ltd. ("Frontier") is pleased to announce that it today receivedconfirmation the Benkala copper project subsoil use contract ("SUC") has beenregistered by the Ministry of Energy and Mineral Resources of the Republic ofKazakhstan. This was the final step in the government of Kazakhstan's approval process andconfirms the ownership interest in Benkala of the joint venture company in whichFrontier has a 50% interest. Brian Savage, Chairman and CEO, Frontier, commented "We are very pleased thatthe Benkala contract has been registered, and now look forward to implementingthe initial work on Benkala." Enquiries: Frontier Mining Ltd Brian Savage +44 (0) 20 7898 9019 Parkgreen Communications Louise Goodeve / Justine Howarth +44 (0) 20 7851 7480 Zimmerman Adams Ray Zimmerman / Jonathan Evans +44 (0) 20 7060 1760 About Frontier Mining Ltd: Frontier Mining Ltd. is a mineral exploration and development company that wasincorporated in the state of Delaware, USA, on 5 August 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 in Kazakhstan. They are the Naimanjal exploration andmining licence, held by FML Kazakhstan, and the Baltemir exploration licence,held by Baltemir LLP. Both companies are wholly-owned subsidiaries of FrontierMining Ltd. Frontier has one producing gold mine, Naimanjal; onepre-feasibility stage gold project, Koskuduk; and one exploration stage goldprospect, Baltemir. Frontier also has one potential copper porphyry deposit with associated gold andmolybdenum, Baitimir; and several copper/gold prospects along a 25-km trendincluding both VMS and porphyry types. Metallurgical tests on its Beschoku andYubileiny copper projects confirm the oxide copper ore is amenable to extractionusing low cost SX-EW technology. Issued and Fully Diluted Ordinary Shares Frontier shares are traded on the AIM market of the London Stock Exchange. Priorto the completion of the Placing, Frontier has 132,581,587 ordinary sharesissued and 6,057,091 reserved and outstanding options and warrants, giving138,638,678 fully diluted ordinary shares. Further company information may be accessed at the Frontier Mining Ltd. websiteat: www.frontiermining.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
FML.L