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 AIM; PGL
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Company Statement
Peninsular is a producing gold mining Company with projects located in the vicinity of Raub, State of Pahang, Malaysia. Raub is a historic gold mining centre, and mines in the vicinity are known to have produced over 1 million oz
Corporate Objectives
Peninsular's primary corporate objective is to discover a minimum of 5 million ounces of gold in its Malaysian project areas. Specifically, the Company aims to outline between one and two million oz of gold at each of the Raub and Tersang projects, and hopes to delineate further resources from other regional targets.
Peninsular intends to do this with the utmost sensitivity to the needs of local community and environment, and strives to be at the forefront of the implementation of sustainable gold mining practices.
Current Operations
Gold Production at Raub
Peninsular's initial objective has been to restart gold production at Raub via a modern and new Carbon-in-leach plant which was recently completed and commissioned. Its first gold pour took place on 18th February 2009.
Community and Environment
Peninsular is constantly mindful of the local community and of the environment, and goes to great lengths to work in harmony with both.
RAGM must comply with conditions set under the Mining License and by the Department of Environment. Comprehensive baseline studies have been completed which include monitoring of noise levels, ground and surface water as well as air quality.
The project has been designed to minimise the catchment area of plant and tailings storage facility. All the process solution is recycled, the process water circuit is designed for zero discharge, the water collected on site is used as process make up water, the site run off passes through maturation ponds which act as biological filters before passing into the stream. The discharge water subject to stringent conditions stipulated by the authorities.
Preferential Tax Status
The Raub project has been awarded Pioneer Status by the Malaysian Industrial Development Authority, the Malaysian government's principal agency for the promotion and coordination of industrial development in Malaysia. The Pioneer scheme provides tax incentives to selected companies, and is intended to encourage investment in Malaysia. Participation in the scheme will benefit the Raub project's economics to a substantial degree.
Tersang Project
Tersang is located about 20km North of Raub and along the same regional mineralized strike.
The Tersang gold deposit consists of a large and dense quartz veins stockwork enclosed in a 2km elongated acidic (felsites) dyke. It currently hosts an inferred gold resource of 528,000 ounces.
Peninsular's aim is to increase this estimate by way of further exploration and drilling.
The Company believes that Tersang could potentially yield up to 1 million ounces gold, and expects that the deposit will eventually merit the construction of a dedicated processing plant.
Geographical Spread
Peninsular Gold’s mining and exploration licences and applications cover an area totalling over 210 square kilometres in the Central Highlands of the State of Pahang in West Malaysia and sit astride the Raub-Bentong Gold Belt, which runs north-south through West Malaysia and extends into Thailand and Laos. Malaysia sits on the ‘Pacific Rim of Fire’, which hosts many of the world’s most prolific gold mines.
Board of Directors and Key Management
| Dato’ Sri Andrew TY Kam | Chairman and Chief Executive |
| Patrick Watson | Finance Director |
| Dato’ Mohamed Moiz | Non-Executive Director |
| Dr. Yves Cheze | Non-Executive Director |
Company AddressFirst Island House,
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Additional Address/Key ContactPeninsular Gold limited |
Capital55,230,978 ordinary shares in issue |
Annual General MeetingTBC |
Nominated BrokersAstaire Securities Plc | Nominated AdvisorsAmbrian Partners Limited |
Major Shareholders
| Shareholder | Number of shares | % |
| Akay Holdings Sdn Bhd* | 12,919,840 | 23.4 |
| Akay Venture Sdn Bhd* | 12,471,213 | 22.6 |
| Dato’ Mohamed Moiz bin JM Ali Moiz* | 4,500,000 | 8.2 |
| Phoenix Gold Fund | 3,450,000 | 6.3 |
| Granite Peak Limited | 2,920,500 | 5.3 |
| Raub Oil Mill Sdn Bhd | 2,565,000 | 4.6 |
| Bridge Fund SPC Limited (Bridge Global Opportunities Fund Segregated Portfolio) | 2,380,952 | 4.3 |
Related News
18/08/09 - Slow And Steady Wins The Race, As Peninsular Gold Moves To Double Production Capacity At The Raub Project In Malaysia23/02/09 - Peninsular Gold Seeks New Acquisitions In Malaysia, Now That It Has Cash Flow And A Strengthened Balance Sheet
11/03/08 - Peninsular Gold Has A Strong Promotional Hand To Play With Malaysia’s Own Indigenous Mine
Most Recent Statement
01/03/10 - Half Yearly Report23/12/09 - Convertible Loan Agreements
18/12/09 - Result of AGM
30/11/09 - Annual Financial Report
24/11/09 - Annual Financial Statements
17/11/09 - Company Update