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For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.


We collect information about you when you register with us or use any of our websites / services. Part of the registration process may include entering personal details & details of your investments.

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We store and use information you provide as follows:

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We want to ensure that the personal information we hold about you is accurate and up to date. You may ask us to correct or remove information that is inaccurate.

You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.


The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.


Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.


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If you want more information or have any questions or comments relating to our privacy policy please email in the first instance.

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GCM Resources PLC (GCM)

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Wednesday 21 May, 2008

GCM Resources PLC


RNS Number : 9422U
GCM Resources PLC
21 May 2008

21 May 2008


GCM Resources plc


GCM Resources plc ('GCM or the Company') (AIM: GCM), is pleased to announce that it has subscribed for 5,586,975 shares, representing 13% of the enlarged share capital of Aura Energy Limited ('Aura') (ASX: AEE), at A$0.29 a share. The total cost is A$1.62 million (£790 thousand).

Aura is a uranium exploration company based in PerthWestern Australia which was listed on the Australian Stock Exchange in May 2006. Aura has a portfolio of exploration titles which are being actively explored for calcrete-, shale- and sandstone-hosted uranium deposits.  

The proceeds of the subscription will be utilised in the drilling and analysis work programme for Aura's Swedish properties plus the calcrete uranium projects in Western Australia. The other areas' work programmes are fully funded from internal funds or JV partners.

The Aura / GCM Africa Alliance has already been actively pursuing opportunities in Mauritania and Niger. The Alliance now holds 3 granted licences for uranium exploration and has a further 11 applications for licences in Mauritania, plus 3 applications for licences pending in Niger.

GCM's involvement adds mining and technical expertise to the Aura exploration expertise to take the prospects forward to feasibility study and ultimately development.  The West Africa Alliance has proven Aura is capable of securing exploration tenements and working within agreed budgets. 

Steve Bywater, GCM's Chief Executive commented: 

'GCM is pleased to announce this investment in Aura. These funds will help Aura to develop its mineralized properties in Sweden through further drilling plus continue its exploration programme with the calcrete uranium projects in Western AustraliaThis is an exciting opportunity for GCM as it looks to expand its portfolio of investments on a global basis.'

Aura's Managing Director, Dr Bob Beeson, said 

'These funds will enable Aura to continue its aggressive exploration programmes at its 100% owned uranium projects. These include the shale-hosted uranium province and high grade vein systems in Sweden plus the calcrete uranium projects in Western Australia. Aura has been particularly active in the past 12 months, with substantial activities on three continents. The Aura/GCM Alliance announced it has located uranium mineralization in its newly awarded licences in Mauritaniaon 7 May 2008.'

Aura / GCM African Uranium Alliance:

On behalf of its Uranium Alliance with GCM, Aura has been actively developing high quality uranium exploration targets in West Africa since April 2007. The Alliance brings together the technical uranium experience, targeting and exploration skills of Aura with the project development and mining experience of GCM. The Alliance is managed and exploration conducted by Aura with funding provided jointly by Aura and GCM in cash and in kind. New project specific joint ventures between Aura and GCM will be established for these licences under which GCM will initially solely fund exploration, with Aura retaining the right to participate at 30% (or, at Aura's election, lower) interest.

Aura Energy Limited is an ASX listed uranium exploration company, very active in evaluating uranium occurrences in Sweden, the Yilgarn Province and Gunbarrel Basin in Western Australia, as well as in West Africa.

GCM Resources plc is a London based company quoted on the London Stock Exchange's Alternative Investment Market ('AIM').  The Company is strategically focused on coal and related investments across a range of geographical locations including: South Africa, Bangladesh and China with the aim of sourcing potential opportunities that offer near return whilst mitigating risk through the development of a diverse portfolio of assets. Primarily focused on the exploration and development of coal deposits the Company also targets related infrastructure such as power plants and telecommunications networks to build on related areas of the coal mining industry and support local development.

For Further Information:

GCM Resources plc:                                                     Pelham Public Relations:
Steve Bywater                                                               Charles Vivian
Chief Executive                                                              Ph: +44 (0)207 743 6672
Ph: +44 (0)207 290 1630                                                Email:
Graham Taggart                                                             Klara Kaczmarek
Finance Director                                                            Ph: +44 (0)203 159 4395
Ph: +44 (0)207 290 1630                                                Email:

JP Morgan Cazenove 

Nominated Advisor

Michael Wentworth-Stanley

Ph: +44 (0)207 588 2828

Charlotte Keenan

Ph: +44 (0)207 588 2828                                            

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