Hambledon Mining PLC Production update
11 October 2012 - 5:00PM
UK Regulatory
TIDMHMB
Hambledon Mining Plc
("Hambledon" or "the Company")
Activities Report for the Quarter Ended 30 September 2012
Hambledon Mining plc (AIM: HMB), the Kazakhstan gold mining and
development company, provides its operational report for the three
months from 1 July to 30 September 2012. A copy of this report will
be available on the Company's website, www.hambledon-mining.com
Production figures for the three months from 1 July - 30
September 2012:
July August September Total
Milled tonnes (dry) 49,992 61,054 56,196 167,242
Gold grade (g/t) 1.41 1.16 1.51 1.35
Contained gold (gms) 70,488 70,822 84,855 226,165
Contained gold (oz) 2,266 2,276 2,728 7,270
Gold recovery % 80.0 81.5 81.0 80.80
Recovered gold (oz) 1,812 1,854 2,209 5,875
Recovered silver (oz) 2.082 2,768 2,619 7,469
MINING AND PROCESSING OPERATIONS
During the quarter ended 30 September 2012, open pit mining
operations extracted 185,300 tonnes of ore averaging 1.2g/t Au.
The metallurgical plant processed 167,242 tonnes of open pit and
underground material and produced a total of 5,875 ounces of gold
and 7,469 ounces of silver; with plant recovery averaging 80.8%.
Plant throughput was constrained by reduced tailings dam capacity
which will improve in Q4 with the reinstatement of Tailings Dam No.
3.
UNDERGROUND
Trial mining from the underground delivered 15,125 tonnes of ore
averaging 3.32g/t Au. Some of this ore has already been processed
and the remainder will be processed in Q4.
During the past quarter a strategic review of the underground
operations was completed which led to a decision to temporarily
suspend underground operations. The contractor is currently
completing mining of accessible ore zones and will demobilise from
site in late October 2012 at which point capital expenditure on the
underground mine will temporarily cease.
UNDERGROUND DRILLING
As part of the strategic review of the underground operation,
Hambledon's 25,000m diamond drill programme will continue. To date,
some 17,500 metres has been drilled. The next set of drill results
will be announced shortly.
INFRASTRUCTURE
The repair to Tailings Dam No. 3 is complete. The dam is
expected to be commissioned in November 2012 after receipt of
government permits.
Enquiries;
HAMBLEDON MINING:
Telephone +44 (0)207 233 1462
Charles Zorab
FAIRFAX I.S. PLC (NOMAD AND BROKER):
Telephone +44 (0)207 598 5368
Ewan Leggat/Katy Birkin
TAVISTOCK COMMUNICATIONS:
Telephone +44 (0)207 920 3150
Ed Portman/Jos Simson
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