Government support for Toka Tindung project

 

TIDMAR. 
 
RNS Number : 3174A 
Archipelago Resources PLC 
06 October 2009 
 

 
 
 
 
ARCHIPELAGO RESOURCES PLC 
 
 
PROVINCIAL  GOVERNMENT  SUPPORT and APPROVAL  by  the 
ENVIRONMENT  DEPARTMENT for DEVELOPMENT of  the TOKA 
TINDUNG GOLD PROJECT 
 
 
 
 
Archipelago Resources Plc ("Archipelago" or "the Company") is pleased to report 
that as a result of discussions that have taken place between representatives of 
the Provincial Government of North Sulawesi and the Central Government 
Departments of Energy & Mineral Resources and Environment, a Letter of Support 
for development of the Toka Tindung Gold Project ("Project") has been provided 
by the Provincial Government of North Sulawesi. 
 
 
Furthermore the Environment Minister has issued a Decree approving the AMDAL's 
(environmental impact statements) previously reviewed and found acceptable by 
the Environment Department's AMDAL Assessment Commission. 
 
 
The Company has already resumed activities including negotiations with 
engineering companies regarding  completion of construction of the processing 
plant and is also in discussion with prospective project financiers.  Subject to 
continued good progress and project finance the Company is targeting gold 
production in 4th  Quarter 2010. 
 
 
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 Pac Lang and Cam Thuy/Ba Thuoc joint ventures with 
VINACOMIN a Vietnamese Government mining company) and the Philippines (as option 
holder over a 100% interest in the Corplex tenements). 
 
 
 
 
Further Info:    Colin Loosemore, Managing Director, Archipelago Resources Plc. 
     Tel:    [phone] 
 
     Richard Chase, Ambrian Partners Ltd 
                     Tel:    [phone] 
 
      Ron Marshman / John Greenhalgh, Lothbury Financial 
                     Tel:    [phone] 
 
     Gerry Beaney / Fiona Kindness, Grant Thornton UK LLP 
     Tel:     [phone] 
 
www.archipelagoresources.com.au 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
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