Company Information for Centamin Egypt Ltd

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Company Statement
Centamin Egypt Limited is a mineral exploration company, listed on the Australian Stock Exchange (ASX:CNT), the AIM Market of the London Stock Exchange (AIM:CEY) and the Toronto Stock Exchange (TSX:CEE).
Centamin has been exploring for gold in Egypt since 1995, and in 2005 was granted a 160km 2 exploitation lease over the massive Sukari Hill gold project.
The current resource at Sukari is 8.56 million ounces Measured and Indicated, and 3.2 million ounces Inferred, with ongoing drilling expected to add significantly to this resource.
A feasibility study to upgrade the project to a 4-5 million tonne per year operation was completed in February 2007.
Construction is underway with completion estimated for the second quarter of 2009.
Current Operations
Sukari Gold Project
The Company's activities are focused on increasing the geological resource and bringing the Sukari gold project into production.
A feasibility study to upgrade the project to a 4-5 million tonne per year operation was completed in February 2007.
Exploration is being carried out on the areas adjacent to and surrounding the Sukari Hill porphyry.
Also contained within the 160 km 2 Sukari lease are a number of other occurrences and old workings, the most significant being:
Um Kola - Sabahiya - Kurdaman and Sukari East
Further drilling is expected to:
- Add to the global resource base. Drilling focused in the Amun Deeps, Ra,
Gazelle and Pharaoh zones with 8 rigs on site; - Significantly upgrade the Sukari gold reserves, which are currently 6.4Moz; and
- Increase the confidence level in inferred resource areas such that conversion to reserves is possible.
Geographical Spread
Egypt
Board of Directors and Key Management
| Mr Josef El-Raghy | Chairman |
| Mr Harry Michael | Chief Executive Officer |
| Mr Trevor Stanley Schultz | Executive Director of Operations |
| Mr Bob Bowker | Non-Executive Director |
| Mr Colin Cowden | Non-Executive Director |
| Mr G Brian Speechly | Non-Executive Director |
| Dr Thomas Elder | Non-Executive Director |
| Mr H Stuart Bottomley | Non-Executive Director |
Company Address57 Kishorn Road
|
Additional Address/Key ContactPharaoh Gold Mines NL |
CapitalNumber of securities on issue - 985,673,363 |
Annual General MeetingNovember | Year EndJune 30 |
Nominated BrokersAmbrian Partners Limited | Nominated AdvisorsAmbrian Partners Limited |
Major Shareholders
| CDS & Co (36.85%) |
| El-Raghy Family (8.03%) |
| Pershing Keen Nominees Limited (4.04%) |
Related News
15/01/10 - Centamin Egypt’s Production Targets Are Ambitious, But Eminently Achievable15/04/09 - Centamin Anticipates Producing Gold At A Rate Of 300,000 Ounces Per Year In 2011, And There Will Be More To Come
18/11/08 - Centamin’s Unique Position In Egypt Puts A Potentially Greater Value On It Remaining Independent
06/05/08 - Delays At Sukari Unlikely To Put Off The Majors Eyeing Centamin Egypt
Most Recent Statement
03/03/10 - CHANGES TO CENTAMIN BOARD26/02/10 - Consolidated Financial Report for the Half-Year Ended 31 December 2009
12/02/10 - Second Quarter Report – 31 December 2009.
02/02/10 - COMPLETION OF DELISTING FROM THE AUSTRALIAN SECURITIES EXCHANGE (“ASX”)
02/02/10 - Sukari Gold Project Reserve Upgrade
01/02/10 - TOTAL VOTING RIGHTS

