Centamin Ord Shs T.CEE

Alternate Symbol(s): CELTF

Metals & Mining Gold

Centamin plc is a Jersey-based gold producer. Its assets include Sukari Gold Mine, Doropo Gold Project and ABC Project. The Sukari is a bulk tonnage open pit and a high-grade underground operation, with significant exploration upside at depth and regionally, within the 160 square kilometers (km2) tenement. The Doropo Project consists of seven exploration permits, covering an area of over 1,850 km2. The Doropo Project is in the northeast of Cote d’Ivoire, over 480 kilometers (km) north of Abidjan. The ABC Project is in northwest Cote d'Ivoire, over 550 km northwest of Abidjan and 460 km west of Centamin's Doropo project. Its EDX Blocks comprise 3,000 km2 of greenfield exploration tenements within the Egyptian section of the Arabian Nubian Shield. The land package is divided into three blocks: Nugrus Block, which covers over 1,086 km2, Um Rus Block, which is located 50 km north of Sukari, and Najd Block, which is located 100 km northwest of Sukari in the Central Eastern Desert.

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Centamin Ord Shs

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Post by elmacanuckon Feb 13, 2009 8:47am

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Post# 15776499

News Centamin Starts Mining ahead of Schedule

Centamin Egypt starts mining at Sukari

2009-02-13 08:15 ET - News Release

Mr. Josef El-Raghy reports

CENTAMIN EGYPT REPORTS MINING COMMENCES AT SUKARI GOLD PROJECT

Centamin Egypt Ltd. has commenced mining operations at the Sukari gold project in Egypt. Blasting operations have commenced with ore to be stockpiled ahead of the scheduled completion of the process plant in the second quarter of 2009.

The commencement of mining operations is a significant milestone for Centamin and for Egypt. Centamin is developing the first large-scale modern gold mine in Egypt on an owner-operator basis. Mining has commenced with an initial fleet of five CAT 785C dump trucks and a O&K RH120E excavator. A further delivery of five CAT 785C dump trucks and a second O&K RH120E excavator is scheduled for February in order to advance development activities throughout 2009.

Sukari gold project (background)

The Sukari gold project will be Egypt's first modern gold mine and has a current resource of 9.39 million ounces measured and indicated and 3.5 million ounces inferred. Ore will be hauled to the run-of-mine pad next to the processing plant and either direct tipped to the crusher or stockpiled for future reclaim at an initial throughput rate of four million tonnes per year.

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