Company Information for Falkland Gold and Minerals Ltd

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AIM; FGML View full financial data

Company Statement

FGML started its gold and minerals exploration programme on the Falkland Islands in 2004 and commenced drilling in March 2005. The onshore land mass covers an area of approximately 12,000km and the Company’s licence covers approximately half that area. In December 2004 FGML raised £10 million before expenses. W.H. Ireland Limited acts as FGML’s nominated adviser and broker.

In March 2005 FGML commenced its drilling programme to explore for gold and other minerals onshore in the Falkland Island. It holds a licence for approximately half of the land mass. Shares in FGML trade in the Alternative Investment Market (“AIM”) of the London Stock Exchange. Funding for the exploration programme was raised by a placing and open offer when FGML joined AIM on 12 December 2004. FGML has an experienced management team, led by executive chairman Richard Linnell.

Current Operations

By the end of March 2007, over £3.5 m had been spent on exploration in the Falkland Islands. The work started with grassroots exploration and, following the aeromagnetic survey in 2004, 23 well defined targets had been identified for drilling.

To date, the exploration has uncovered sub economic quantities of gold, a titanium rich gravel, the presence of diamond indicator minerals, as well as rare earth elements and platinum group metals. However gold remains the principal focus of  FGML.

The source of the gold has yet to be confirmed but the evidence indicates several sources with an epithermal origin being the most probable.

Geographical Spread

The licence issued by the Falkland Islands government gives FGML exclusive exploration rights to virtually all of the onshore land mass of the Falkland Islands, a total area of some 12,000 square kilometres.

Board of Directors and Key Management

Major Shareholders

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