Financial Express (Holdings) Limited (“we”, “our”, “us” and derivatives) are committed to protecting and respecting your privacy. This Privacy Policy, together with our Terms of Use, sets out the basis on which any personal data that we collect from you, or that you provide to us, will be processed by us relating to your use of any of the below websites (“sites”).


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.

We may collect information about your computer, including where available your operating system, browser version, domain name and IP address and details of the website that you came from, in order to improve this site.

You confirm that all information you supply is accurate.


In order to provide personalised services to and analyse site traffic, we may use a cookie file which is stored on your browser or the hard drive of your computer. Some of the cookies we use are essential for the sites to operate and may be used to deliver you different content, depending on the type of investor you are.

You can block cookies by activating the setting on your browser which allows you to refuse the setting of all or some cookies. However, if you use your browser settings to block all cookies (including essential cookies) you may not be able to access all or part of our sites. Unless you have adjusted your browser setting so that it will refuse cookies, our system will issue cookies as soon as you visit our sites.


We store and use information you provide as follows:

  • to present content effectively;
  • to provide you with information, products or services that you request from us or which may interest you, tailored to your specific interests, where you have consented to be contacted for such purposes;
  • to carry out our obligations arising from any contracts between you and us;
  • to enable you to participate in interactive features of our service, when you choose to do so;
  • to notify you about changes to our service;
  • to improve our content by tracking group information that describes the habits, usage, patterns and demographics of our customers.

We may also send you emails to provide information and keep you up to date with developments on our sites. It is our policy to have instructions on how to unsubscribe so that you will not receive any future e-mails. You can change your e-mail address at any time.

In order to provide support on the usage of our tools, our support team need access to all information provided in relation to the tool.

We will not disclose your name, email address or postal address or any data that could identify you to any third party without first receiving your permission.

However, you agree that we may disclose to any regulatory authority to which we are subject and to any investment exchange on which we may deal or to its related clearing house (or to investigators, inspectors or agents appointed by them), or to any person empowered to require such information by or under any legal enactment, any information they may request or require relating to you, or if relevant, any of your clients.

You agree that we may pass on information obtained under Money Laundering legislation as we consider necessary to comply with reporting requirements under such legislation.


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.


Our sites contain links to other websites. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.


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

 Information  X 
Enter a valid email address

Angel Mining PLC (ANGM)

  Print      Mail a friend       Annual reports

Wednesday 09 May, 2012

Angel Mining PLC

Trading Statement and Issue of Equity

RNS Number : 9605C
Angel Mining PLC
09 May 2012


("Angel Mining" or the "Company")





The board of Angel Mining plc is pleased to announce that, since the main generator was repaired and processing of ore recommenced on 5th April, the mining and processing operations have progressed well at the Nalunaq Gold Mine. The circuit is now well primed with gold and on 6th May the Company completed a gold doré pour of 19.295kg (538oz).  Future gold pours are planned on a three weekly cycle and, following the next gold pour, the mine and plant are expected to settle into a much more consistent period of cash generative production.


The Company also announces that it has raised approximately £260,000 through the issue of 18,618,073 new ordinary shares of 1p each in the Company ("Ordinary Shares") to YA Global masters SPV Ltd. at 1.40p per share under the terms of the Standby Equity Distribution Agreement ("SEDA") announced on 28 July 2011. The proceeds will be used to meet the Company's repayment obligations for April 2012 under the promissory note facility with Yorkville which was announced at the same time as the SEDA.


Application will be made for the 18,618,073 new Ordinary Shares to be admitted to trading on AIM ("Admission"). It is expected that admission will become effective and that dealings will commence on Monday, 14 May 2012.


Nicholas Hall, CEO, commented:  "Nalunaq now has a good stockpile of high grade ore and a plant that is working well, so I am expecting a summer of good progress and steady cash generation.  The Black Angel team is now preparing to present its project to potential investors during the next two months.  This zinc/lead project is the Company's principle asset, which it plans to bring into production in Q2 2014."




Angel Mining plc

Nicholas Hall, Chief Executive Officer

Kevin McNair, Chief Financial Officer


07931 709 053

07900 690 908


Fox-Davies Capital (Nominated Adviser & Broker)

Daniel Fox-Davies

Simon Leathers


                     0203 463 5010


Bishopsgate Communications Limited

Nick Rome/Shabnam Bashir


 0207 562 3350


Background to Angel Mining




The Company first poured gold at Nalunaq on 27 May 2011 following final completion of the processing plant and is targeting optimal production by Q1 2012 of approximately 24,000 oz per annum thereby providing the Company with cash flow which will be dedicated to funding development at Black Angel, further exploration at Nalunaq and reducing debt.  The current mining plan anticipates a mine life of two to five years, subject to further exploration work. The directors anticipate that Nalunaq may enter into toll treatment arrangements with other potential gold mining activities in the region where appropriate. Angel Mining currently operates the only operational gold mine in the region and anticipates that its operation may be suitable for processing ore from other gold mining companies in the region in the future. 


Black Angel


The Black Angel project is a high grade zinc/lead project based around a previously developed mine in the north of Greenland.  The table below sets out the JORC Code compliant mineral resources estimate for the Black Angel project which includes three sets of zones within the mine and three satellite deposits which have been explored.


Summary of Black Angel Mineral Resources (JORC) as of 31 December 2007


Tonnage (kt)





Silver (g/t)

Mineable reserves (kt)

Angel Zone







Cover Zone







Other zones within the Black Angel mine







South Lakes Glacier














Nunngarut 2







Nunngarut 2










Source: Wardell Armstrong International Ltd.


The project consists of three phases:


Phase I: Complete the rehabilitation of infrastructure to allow access to the mine, the mine camp and related facilities.


Phase II: Complete the detailed review of the pillar extraction programme within the Angel and Cover Zones, including the construction of the process plant and related systems to allow for the shipment of concentrate from the site.


Phase III: Develop a further exploration programme for the existing JORC resources at the Ark and Glacier deposits as well as identified mineralization at Deep Ice, Nunngarut and a number of other exploration targets within the license area (see the announcements made by the Company on 6 June 2006 titled "Black Angel 2006 Resource Statement" and on 30 November 2007 titled "Black Angel 2007 Resource Statement").


Dr Bob Dowdell is the qualified person that has reviewed and approved the technical information contained in this announcement.  Dr Dowdell holds a BSc and Doctorate in Mining Engineering from Newcastle University and is a Chartered Engineer and Member of the Institution of Mining and Metallurgy.


More information on the Company is available on the website, please click here: 



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

a d v e r t i s e m e n t