Termination of Offer Period
| 23 January 2009 |
AURUM MINING PLC
("Aurum" or "the Company")
Termination of Offer Period
Aurum Mining plc (AIM: AUR), the gold mining company focussed on the Former Soviet Union (FSU) and whose principal asset is the Andash Project in the Kyrgyz Republic, confirms that they have now ceased discussions with all parties who had an interest in making an offer for the Company.
Aurum is therefore no longer in an Offer Period for the purposes of the Takeover Code.
The Board will continue to seek and evaluate opportunities to ensure the maximisation of value from its Andash asset.
For further information:
Aurum Mining plc | Tel: 020 7478 9050 |
Mark Jones, Chief Executive Officer Chris Eadie, Chief Financial Officer |
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Arbuthnot Securities | Tel: 020 7012 2000 |
John Prior/James Steel |
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Buchanan Communications | Tel: 020 7466 5000 |
Mark Court / Rebecca Skye Dietrich |
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Notes to editors
Aurum Mining, which joined the AIM market of the London Stock Exchange in May 2004, is a mining company focused on gold opportunities in the Former Soviet Union. Its principal asset is an exploration licence over the Andash gold and copper project in the Kyrgyz Republic. A mining licence for Andash Zone 1 was awarded by the Kyrgyz authorities in 2006. The feasibility study compiled by Wardell Armstrong International, also in 2006, confirmed a measured and indicated resource base of 19.2 million tonnes at 1.1 grams per tonne of gold and 0.4% copper, which equates to 1.1 million ozs of gold and gold equivalent. The Andash project also includes Zone 2 and Zone 3 along with Tokhtonysay, Nakhodka and three other additional exploration areas.