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.
This information is provided by RNS
The company news service from the London Stock Exchange
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