ALTN Altyngold Plc

RNS Number:3584A
Hambledon Mining PLC
17 July 2007

                                   
                              HAMBLEDON MINING PLC
                                   (AIM: HMB)

                                 AGM Statement


At today's Annual General Meeting of Hambledon Mining Plc (the "Company"), the
AIM-listed mining and exploration company developing precious metal deposits in
Kazakhstan, the Chairman, George Eccles, commented:


"I am pleased to say that the considerable progress in 2006 has continued into
the current year. At Sekisovskoye the processing facilities are nearing
completion with some parts of the plant already being commissioned, all major
equipment is on site and the mining operations are continuing smoothly.


"At Ognevka refurbishment has commenced.


"The Board remain optimistic about the prospects for the Company."


                                                                17th July 2007

All resolutions were duly passed.


Enquiries

Hambledon Mining plc
Nicholas Bridgen, Chief Executive             Telephone:  +7 701 733 8915


Seymour Pierce
Nicola Marrin                                 Telephone: +44 207 107 8018


Bankside Consultants
Michael Spriggs / Michael Padley              Telephone: +44 207 367 8888


Note to Editors'

Hambledon Mining plc is an AIM-listed mining and exploration company which is
developing an open pit mine and constructing an 850,000 tonnes per year
treatment plant at its Sekisovskoye gold deposit in East Kazakhstan. After the
start of open pit processing, the Company plans to develop the much larger
underground resources.


Production from the open pit will average over 40,000 ounces per annum for five
years, though this is expected to rise to around 100,000 ounces when the higher
grade underground ore is added to the feed. The Company also holds the rights to
and is exploring the adjacent Tserkovka licence territory which includes several
areas of interest including the Tserkovka deposit itself.



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

END
AGMSFDSUWSWSEEW

Altyngold (LSE:ALTN)
Historical Stock Chart
From Jun 2024 to Jul 2024

Altyngold (LSE:ALTN)
Historical Stock Chart
From Jul 2023 to Jul 2024