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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Archipelago Res | LSE:AR. | London | Ordinary Share | GB0033551721 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 57.75 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:6933J Archipelago Resources PLC 15 March 2005 ANNOUNCEMENT COMPLETION of TECHNICAL DUE DILIGENCE STUDY regarding the TOKA TINDUNG GOLD PROJECT AMC Consultants has advised that it has completed its Technical Due Diligence Study of the Toka Tindung Gold Project in Sulawesi. The work was commissioned by an Australian banking group as part of the due diligence process required for the provision of a loan facility which together with an accompanying equity raising will provide project development financing for construction of the processing plant and associated civil engineering works. The Company is in discussion with the banks regarding the loan facility sought to develop the Company's Toka Tindung Gold Project in Sulawesi. The Toka Tindung Gold Project has a resource of 1.75M oz of gold equivalent of which at least 0.9M oz will initially be mineable by open pit. Production is targeted at 160,000 oz per annum for an initial 6 year mine life commencing in mid 2006. Archipelago is a mining company listed on the AIM market of the London Stock Exchange. The Company's principal activities are gold mining and exploration in Indonesia (as 85% owner of the Toka Tindung Gold Project in Sulawesi), Vietnam (as majority party in the Cam Thuy/Ba Thuoc joint venture with Vimico a Vietnamese Government mining company) and the Philippines (as option holders over a 100% interest in the Corplex tenements). Further Info: Colin Loosemore, Managing Director, Archipelago Resources Plc. Tel: 00-618-9364-8301 Ron Marshman/John Greenhalgh, City of London PR Limited. Tel: 020-7628-5518 www.mining-investor.com/arch This information is provided by RNS The company news service from the London Stock Exchange END MSCEAEDLFDESEFE
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