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Company Information for Centamin Egypt Ltd

Company stock charts - 6 Month chart

Exchange AIM; CEY


View full financial data

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-RaghyManaging Director/CEO
Mr Sami El-RaghyChairman
Mr Trevor Stanley Schultz Executive Director of Operations
Mr Bob Bowker Non-Executive Director
Mr Colin CowdenNon-Executive Director
Mr G Brian SpeechlyNon-Executive Director
Dr Thomas ElderNon-Executive Director
Mr H Stuart BottomleyNon-Executive Director

Company Address

57 Kishorn Road
Mt Pleasant, WA, Australia 6153

Telephone:+ 61 8 9316 2640
Facsimile:+ 61 8 9316 2650
Email:centamin[at]centamin.com.au
Website:http://www.centamin.com

Additional Address/Key Contact

Pharaoh Gold Mines NL
361 El-Horreya Road, Sedi Gaber
Alexandria, Egypt.
Telephone: (203) 54 11259
Facsimile: (203) 52 26350
Email: pgm@centamin.com.au

Capital

Number of securities on issue - 985,673,363

Annual General Meeting

November

Year End

June 30

Nominated Brokers

Ambrian Partners Limited
128 Queen Victoria Street
London
EC4V 4BJ
Tel: + 44 (0) 20 7776 6417
Fax: + 44 (0) 20 7748 7602 76

Thomas Wiesel Partners
17 Old Park Lane
7th Floor
London W1K 1QT
Tel: + 44 (0) 20 7290 9700
Fax: + 44 (0) 20 7290 9708

Nominated Advisors

Ambrian Partners Limited
128 Queen Victoria Street
London
EC4V 4BJ
Tel: + 44 (0) 20 7776 6417
Fax: + 44 (0) 20 7748 7602 76

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 Achievable
15/04/09 - 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

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
11/01/10 - First Gold Export and Design Throughput Achieved
10/12/09 - SUKARI GOLD PROJECT RESOURCE UPGRADE
30/10/09 - PUBLICATION OF PROSPECTUS AND CANCELLATION TO TRADING ON AIM

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