REG-Hambledon Mining PLC Production Update

Tue Jul 14, 2009 5:15am EDT
 
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LONDON--(Business Wire)--


Hambledon Mining plc 

("the Company") 

14 July 2009 

Production Update 

The Company reports its production for the three months from 1 April 2009 to 30
June 2009.

                          April     May       June      Total      
 Milled tonnes (dry)      67,825    66,430    78,017    212,272    
 Gold grade (g/t)         1.15      1.05      1.13      1.11       
 Contained gold (gms)     77,999    69,751    87,770    235,520    
 Contained gold (oz)      2,516     2,243     2,822     7,581      
 Gold recovery %          80.6      82.1      80.1      80.8       
 Recovered gold (oz)      2,027     1,841     2,260     6,128      
 Recovered silver (oz)    5,132     3,741     4,736     13,611     


Our production results for April and May were announced along with our
preliminary results in June, but are repeated here as part of our usual
quarterly reporting cycle. 

The amount of ore treated in the quarter has shown a significant increase over
previous quarters, resulting from the large number of modifications that have
been made to the crushing circuit. The June total of 78,017 tonnes milled
represents some 12% greater throughput than the original design capacity of the
plant. After a further small modification is made to the tailings line, expected
in August 2009, an even greater throughput should be possible. 

The area of the pit currently being mined has a higher waste stripping
requirement than is expected to be later in the pit life, making it difficult to
mine the quantity of ore that can now be treated in the process plant.
Consequently, some low grade ore is being processed, bringing down the average
grade. As the pit deepens, and the stripping ratio falls, we expect to be able
to provide the additional tonnage at standard mined grades. Various options are
also being investigated to increase the mining rate in the short term. 

Enquiries: 

Hambledon Mining:
Telephone +44 (0)20 7233 1462
Charles Zorab 

Fairfax I.S. PLC:
Telephone +44 (0)207 598 5368
Nominated Adviser and Broker
Ewan Leggat 





Hambledon Mining PLC 

Copyright Business Wire 2009

 

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