AGM Statement
Hambledon Mining PLC
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:
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Hambledon Mining:
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Telephone +44 (0)20 7233 1462
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Charles Zorab
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Fairfax I.S. PLC:
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Telephone +44 (0)207 598 5368
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Nominated Adviser and Broker
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Ewan Leggat
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