Aurum Mining plc joined the AIM market of the London Stock Exchange in May 2004 with the strategy of acquiring gold projects in the Former Soviet Union (FSU). The Company's management and consultancy team - which brings together formidable experience of mining, the FSU and financial markets.

Update

As a result of the majority disposal of the Andash Project in December 2009, Aurum is now deemed to be an investing company. The board are currently looking at M&A opportunities in line with its Investing Strategy that was approved by Shareholders in November 2009.

The Andash Project

Andash is a gold copper project in the Talas Valley in North West Kyrgyzstan

On December 22nd 2009 we announced that the transaction to dispose of the Company’s 80% stake in the Andash asset completed and all the relevant proceeds had been received and we were in the final stages of buying back 10% of the Andash asset from the local partner.

The acquisition of the 10% was completed in March of this year, for $1.25m. The acquisition of the 10% of Andash was part of an agreed sale purchase agreement between the 3 current owners of Andash. Since the agreement was signed, Aurum’s board has considered the strategic value of having 10% of Andash, and decided that it does not meet the goals and objectives of Aurum. As a result the company entered into an agreement with Kentor Gold in March of 2010 to sell the remaining 10% to Kentor Gold, who own 80% of Andash, for $2.2m and the removal of the reps and warranties covering the Andash Mining Company which were given as part of the original sale.