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Thursday 23 July, 2009

Sunkar Resources PLC

Result of AGM

RNS Number : 1573W
Sunkar Resources PLC
23 July 2009
 



23 July 2009


SUNKAR RESOURCES PLC

        ('Sunkar' or 'the Company')


Result of AGM

The Company confirms that, at the Annual General Meeting held earlier today, all resolutions were duly passed.


For further information please contact:


Sunkar Resources

Serikjan Utegen, CEO                     Tel: +44 20 3178 5785

Donald Sinclair, CFO                      Tel: +44 20 3178 5785


Canaccord Adams Limited

Mike Jones                                       Tel: +44 20 7050 6500

Bhavesh Patel 


GMP Securities Europe LLP

Jeremy Wrathall                               Tel: +44 20 7647 2800

James Cassley


Bankside Consultants

Simon Rothschild                             Tel: +44 20 7367 8888

Louise Mason



Editors Notes


Sunkar Resources plc


Sunkar Resources plc commenced mining following its IPO in June 2008. Sunkar's wholly owned subsidiary in Kazakhstan holds the Subsoil Use Contract to the Chilisai Phosphate Rock Deposit in NW Kazakhstan. The contract area is estimated to contain 800 Mt of phosphate ore.


Sunkar's strategy is to build a world class integrated ammoniated phosphate fertiliser plant with low operating costs.  Sunkar's low cost base derives from its near surface phosphate rock deposit, access to cheap sulphur from the nearby Tengiz oil field and regional long-term marginal priced gas.


The Chilisai Phosphate Rock Deposit is ideally located on a transportation hub that spans the agricultural markets from Western Europe through to China.



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