AGM Statement

RNS Number:0815T
Minco PLC
10 December 2003

                       Highlights of Chairman's Statement

                                  AGM, Dublin

                              Wednesday Dec 10th 2003





  * Recent months have seen a remarkable turnaround in the fortunes of Minco -
    evidenced by a 200% increase in the share price.



  * From the depths of depression, zinc has staged a recovery. I am delighted
    to report that Minco together with our partner Noranda, will drill the
    Pallas Green zinc project in Limerick during 2004.



  * Gold is having a bull run and there may be more to come. I am pleased to
    report that work in the Goldmines river area of Avoca, Co. Wicklow, has
    identified a likely drill target. In 200 years of prospecting, no-one has
    ever discovered the source of the historic alluvial gold.



  * The new Directors, using their contacts in Central Asia, have started to
    accumulate and review interesting gold projects in the area.



  * Silver, for long the poor relation of gold, has risen strongly in price.
    There is a massive gap between demand and new silver supply.  The Orca
    acquisition gave Minco 25 silver licences and also the participation in end
    game negotiations with the Mexican Government to process the La Laguna
    tailings which are an estimated 55 M oz silver,130,000 oz gold resource. The
    Minco team is at an advanced stage with negotiations and hopes to be in a
    position to award the prefeasibility study early in 2004. Initial sampling
    on some of the licences has returned high grades of silver.



  * The high level of exploration activity expected in 2004 will be funded by
    the recent #1 million fund raising.



  * Exploration success requires good ground and good people. We have the
    ingredients.





                                  www.minco.ie




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

AGMNKKKQKBDDOBD