Company Information for Vatukoula Gold Mines plc

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AIM; VGM View full financial data

Company Statement

Vatukoula Gold Mines plc is an AiM listed gold producer which focuses on its 100% owned Vatukoula Gold Mine in Fiji - a producing gold mine which contains 680,000 ounces of gold reserves and 4.30m ounces of gold resources. The company’s shares are traded on the London Stock Exchange’s Alternative Investment Market (AiM) with the ticker symbol of ‘VGM’.

Highlights

• Own 100% of the Vatukoula Gold Mine in Fiji, a producing gold mine which contains 830,000 ounces of gold reserves and 5.15 million ounces of gold resources.
• Benefits from a strong management team, with many years of global experience in both the investment and operational side of the gold and diamond industry 

Current Operations

Projects Overview

The Company's primary project is the Vatukoula Gold Mine in Fiji. The Company's portfolio also comprises diamond exploration projects in Sierra Leone and a gold exploration project Brazil. The exploration sites in order of development are Vatukoula (Fiji), Panguma (Sierra Leone), and Rio Novo (Brazil).

Vatukoula (Fiji)

• The Company owns the mining rights and associated assets of the Vatukoula Gold Mine.
• Reserves of 680,000 ounces gold and a resource of 4.3 million ounces gold.
• There are currently 3 operating shafts and a decline, plus over 450km of underground drives.
• Vatukoula has an operational history, of over 70 years and has excellent infrastructure.
• VGM is currently ramping up production working to increase rates to a target of 2,000 ounces of gold per week (110,000 ounces of gold per year).

Geographical Spread

Fiji, Sierra Leone, Brazil

Board of Directors and Key Management

Ian Colin Orr-Ewing	Executive Chairman
David Paxton	CEO
David Anthony Lenigas	Executive Director
Kiran Caldas Morzaria	Finance Director
John Ian Stalker	Non-executive Director
John Francis Kearney	Non-executive Director
John Arthur MacPherson	Non-executive Director
Herbert Hirst Leathley	General Manager of the Vatukoula Gold mine
Mike Shaw Walker	Country Manager, Brazil

Company Address 22 Arlington Street London, United Kingdom SW1A 1RD Telephone: +44 (0)207 016 7861 Email: info[at]vgmplc.com Website: http://www.vatukoulagoldmines.com

Additional Address/Key Contact Public / Investor Relations Bishopsgate Communications - Nick Rome - Michael Kinirons T: +44 (0)20 7562 3350 F : +44 (0)20 7628 0889 E: nick.rome@bishopsgatecommunications.com E: michael.kinirons@bishopsgatecommunications.com

Capital Total shares on issue; 3,642,371,072; 100.00% Securities not in public hands; 1,271,192,402; 34.90%

Nominated Brokers W H Ireland Limited 24 Martin Lane London EC4R 0DR Arbuthnot Securities Arbuthnot House 20 Ropemaker Street London EC2Y 9AR

Nominated Advisors W H Ireland Limited 24 Martin Lane London EC4R 0DR

Major Shareholders

Major Shareholders – 5th January 2010:
CANADIAN ZINC CORPORATION	628,669,002	17.26%
SPROTT ASSET MANAGMENT INC.	612,848,400	16.83%
CAPITAL RESEARCH MANAGMENT	106,650,000	2.93%
INGALLS & SNYDER LLC	101,050,000	2.77%
CIM INVESTMENT MANGEMNT	68,882,220	1.89%

Related News

11/01/10 - Vatukoula Gold Is Well On The Way To Achieving Production Of 100,000 Ounces Of Gold In 2011
29/09/09 - Old Friends And New Money Brighten Up The Outlook For Vatukoula
25/08/09 - Vatukoula Gold Mines Gets To Grips With Lengthy Supply Lines And Development Delays
16/04/09 - Vatukoula Gold Mines Finally Gets Its Fundraising Away And Will Now Work Towards Doubling Gold Production
06/01/09 - Vatukoula Gold Mines Marches On Towards Profitability In Fiji, With One Eye On Working Capital

Most Recent Statement

26/02/10 - Final Results to 31 August 2009
25/01/10 - Exploration Drilling Results
19/01/10 - Additional Listing
13/01/10 - Updated Mineral Reserve and Mineral Resource Estimate
17/12/09 - Operational Update
14/12/09 - Signing of the Vatukoula Trust Deed