Aurum Mining PLC
08 May 2008
For immediate release 8 May 2008
AURUM MINING PLC
('Aurum' or 'the Company')
Andash Project Update
Aurum Mining plc (AIM: AUR) makes the following update to the market following
the suspension in the Company's shares announced on 4 March 2008.
The civil case, in which the Company's wholly owned subsidiaries Andash Mining
Company and Kaldora Company Limited are named as co-defendants, will now be
heard in the Bishkek Inter-District Court in the Republic of Kyrgyzstan on 14
May 2008.
The Board of Aurum is continuing with its efforts to resolve this matter and
will continue to defend all claims vigorously. Nevertheless, given the on-going
uncertainty, the Board of Aurum has taken the decision to hold back on all
further investment into the Andash project until the current situation is
resolved. The Company balance sheet remains strong with cash balances of
approximately £21m as at the end of April 2008.
As a direct result of the civil case, the initial production of gold and copper
from the Andash Zone 1 mine will be delayed.
A further announcement will be made in due course.
For further information:
Aurum Mining plc Tel: 020 7478 9050
Mark Jones, Chief Executive
Chris Eadie, Chief Financial Officer
Arbuthnot Securities Tel: 020 7012 2000
John Prior
Buchanan Communications Tel: 020 7466 5000
Mark Court
Rebecca Skye Dietrich
This information is provided by RNS
The company news service from the London Stock Exchange
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