Company Information for Allied Gold Ltd

ASX-ALD

www.alliedgold.com.au

Company stock charts - 12 Month chart

ASX; ALD

View full financial data

Company Statement

Allied Gold Limited is listed on both the Australian Stock Exchange and the London Stock Exchange (AIM). Allied Gold’s activities are focused on the development of the Simberi Oxide Gold Project located in the Tabar Islands of Papua New Guinea as well as exploration for gold and copper on the adjacent Tatau and Big Tabar Islands. Allied Gold also has silver and base metals project in Mexico.

Current Operations

MEXICO - MAPIMI
Allied through its subsidiary company Nord Pacific de Mexico S.A de C.V. holds an exploitation licence covering 3,938ha in the Mapimi mining district of the Sierra Madre Occidental in the northeast part of the state of Durango, Mexico.

The project area is situated about 45 kilometres north-northwest of the major cities of Gomez Palacio and Torreon.

Allied’s project area surrounds the historic Mapimi mining district (or Ojuela district) which historically produced high-grade silver, lead and zinc ore for Penoles at their smelter located at the nearby town of Mapimi during the period from about 1890 to 1920. Between 1920 and 1931 Mapimi ore was transported to smelters located at Torreon or Monterrey.

TABAR ISLANDS GOLD PROJECT
On 15th of November 2004 Allied Gold Limited (Allied) entered into an agreement with Simberi Gold Corporation (“SGC”) to acquire its interests in the Tabar Islands Gold Project in eastern PNG.

Under the terms of the Agreement Allied moved to an 87.5% interest in the Simberi Mining Joint Venture (ML136) on Simberi Island and a 100% interest in EL 609 which covers the remainder of the Tabar Island Group outside of ML 136.

Consideration for the acquisition was payment of C$4.0 million by Allied to SGC, which occurred during April 2005. Further to the Agreement, SGC retained a 12.5% free carried interest (“FCI”) in the Simberi Mining Joint Venture through to the earlier of a decision to mine or 31 December 2009, at which point the FCI would be converted into Allied shares at a minimum price of A$0.50 per share. The value of the conversion was to be based upon a Net Present Value calculated from the bankable feasibility study at the time of making the decision to mine.

RED DAM PROJECT
The Red Dam gold project is located near Coolgardie, Western Australia and is comprised of P16/1577 and P16/1578, and applications for M16/344 and P16/2078. The tenements cover a contiguous area of approximately 300ha. The project is located in a structural corridor containing current gold resources exceeding 5Moz. Deposits in this zone include Kundana, White Foil, Frogs Leg, the ABC Line, Mungari East and Carbine.

On 27 July 2004 Allied entered into an Option Agreement with Siberia Mining Corporation Ltd for the sale of the Red Dam gold project for a consideration of between $950,000 and $1,000,000. At the Option expiry date of 26 July 2005 the Option had not been exercised.

Geographical Spread

Tabar Islands, Papua New Guinea

Board of Directors and Key Management

Mark Caruso	Chairman & Managing Director
Richard Johnson	CEO
Jeffrey Moore	Non-executive Director
Anthony Lowrie	Non-executive Director
Gregory Steemson	Non-executive Director
Mr Peter Torre	Company Secretary
Mr Frank Terranova	CFO

Company Address

Suite 15
Level 1
51-53 Kewdale Road
Welshpool, Western Australia, Australia 6106


Telephone:	+61 8 9353 3638
Facsimile:	+61 8 9353 4894
Email:	admin[at]alliedgold.com.au
Website:	http://www.alliedgold.com.au

Additional Address/Key Contact

Operations – Brisbane
Level 1
15 Mallon Street
Bowen Hills
Brisbane QLD 4006

Annual General Meeting

November

Year End

30 June

Nominated Brokers

Mirabaud Securities Limited
21 St James's Square
London SW1 4JP

Nominated Advisors

Beaumont Cornish Limited
5th Floor, 10-12 Copthall Ave
London EC2R 7DE

Major Shareholders

HSBC CUSTODY NOMINEES (AUSTRALIA) LTD	112,211,491	33.01
COMPUTERSHARE CLEARING PTY LTD	31,767,825	9.34
NATIONAL NOMINEES LIMITED	22,602,412	6.65
MINERAL COMMODITIES LIMITED	19,534,379	5.75
ANZ NOMINEES LIMITED	19,483,696	5.73

Most Recent Statement

17/06/08 - Spectacular Gold Intercept at Pigiput Ridge
28/05/08 - Additional Gold Mineralisation Encountered
01/05/08 - Appointment of Chief Financial Officer
29/04/08 - Quarterly Activities Report
24/04/08 - Simberi Gold Exploration Update
27/03/08 - Barrick Gold To Invest up to $35 Million in Allied Gold

To top