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 greener12345on Dec 10, 2009 6:56am

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Post# 16572131

cee

Centamin Egypt ups gold resource estimate

Thu Dec 10, 2009 10:46am GMT

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LONDON (Reuters) - Centamin Egypt Ltd said the gold resource estimate was increased at its flagship Sukari project in Egypt.

The resource estimate was raised by 374,000 ounces on a measured and indicated basis to 10.29 million ounces.

It said Stage 1 plant design throughput remains on track to be achieved before the end of 2009, while construction of Stage 2 of the Sukari plant is nearing completion.

The shares were down 0.8 percent at 119 pence at 1034 GMT.

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