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Ultrashort Midcap 400 Proshares(Intraday Indicative Value) | AMEX:MKD | AMEX | Index |
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RNS Number:8492S Marakand Minerals Limited 04 December 2003 Marakand Minerals Limited Admission to the Alternative Investment Market of the London Stock Exchange London, 4 December 2003. Marakand Minerals Limited ("Marakand") is pleased to announce the admission today of its Ordinary Shares and Warrants to trading on AIM. Marakand intends to develop the Khandiza polymetallic deposit, situated in Uzbekistan's Surkhandarya Province, in the south-east of the country. The Khandiza deposit contains an audited resource above a 2% zinc cutoff of 13.0 Mt at an average grade of 8.3% zinc, 4.1% lead, 1.0% copper, 144 g/t silver and 0.34 g/t gold. Khandiza is predominantly zinc and silver in terms of expected revenues. Further base metal and precious metal exploration potential also exists within a wider 5,300 km2 area in southeast Uzbekistan. CEO Alasdair Stuart said today, "I am pleased that the introduction of the Company was completed within the set timeframe and glad to report that work has already commenced on improving upon the Khandiza resource statement and on engineering and environmental studies in Uzbekistan. With approximately #4 million of funds in place and the listing complete, we are well positioned to complete the bankable feasibility study by the end of June 2004. By listing Marakand separately, we expect the value of Khandiza and other potential base metal projects within our exploration areas to be maximised." There are currently 101 million Ordinary Shares in issue and 20 million Warrants. Williams de Broe Plc is Nominated Adviser and Broker to Marakand, a subsidiary of Oxus Gold plc. 4 December 2003 For further information: Marakand Minerals Limited Russell and Associates: Katie Campbell London: Alex Buck Tel: +44 (0) 20 7907 2000 Tel +44 (0) 7932 740 452 Alasdair Stuart Johannesburg: Marion Brower Tel: +998 71 120 6715 Tel: +27 (0)11 880 3924/ +27 (0)82 895 0698 mob: +998 93 171 2401 (Uzbek) www.marakand.co.uk Williams de Broe Plc Louis Castro / David Newton Tel: +44 (0) 20 7588 7511 This information is provided by RNS The company news service from the London Stock Exchange END MSCTIBPTMMTMMTJ
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