Company Information for Avocet Mining PLC

AIM-AVM

www.avocet.co.uk

Company stock charts - 12 Month chart

AIM; AVM

View full financial data

Company Statement

Avocet is a mining company listed on the AIM market of the London Stock Exchange. The Company's principal activities are gold mining and exploration in Malaysia (as 100% owner of the Penjom mine, the country's largest gold producer) and Indonesia (as 80% owner of the North Lanut gold mine in North Sulawesi).

As at July 2007, Avocet held an undiluted interest of approximately 27% of Dynasty Gold Corporation ("Dynasty") and has recently aquired a 19% interest in Monument Mining Limited. Both companies are listed on the TSX Venture Exchange in Canada.

Current Operations

Indonesia – North Lanut/Bakan
The North Lanut gold mine is located within the Mongondow CoW, which includes exploration and mining rights over approximately 50,000 hectares in North Sulawesi.

Bakan is the Company's newest development project with considerable exploration potential for high-sulphidation epithermail mineralisation. To date, Avocet has proven up Measured, Indicated and Inferred Resources of 519,000 ounces of gold in two epithermal deposits, Durian and Osela. Ongoing exploration has identified several more prospective targets within two kilometres of the Durian and Osela deposits.

Pending the successsful completion of a feasibility study in Q3 2008, construction of a dump leach mine at Bakan will commence with first gold production targeted for December 2008.

Malaysia – Penjom
The Penjom Gold Mine is located in the State of Pahang in the centre of Peninsular Malaysia and is Malaysia's largest gold producer. Penjom commenced production in December 1996 and has produced over 100,000 ounces of gold per year for the last five years. The mine was developed by Avocet Gold Ltd., a wholly owned subsidiary of Avocet Mining PLC, with the support of the Pahang State Development Corporation.

Continued resource definition drilling at Penjom is expected to continue to increase the mine life from the existing JORC resource of 1,024,400 oz, as announced in October 2006.

Geographical Spread

Malaysia – Penjom Gold Mine

Indonesia – North Lanut Gold Mine

Board of Directors and Key Management

Nigel McNair Scott	(Chairman)
Jonathan Henry	(CEO)
Mike Norris	(FD)
Eric Vesel	(COO)
John Newman	(Non Executive Director)
Mike Donoghue	(Non Executive Director)
Robert Pilkington	(Non Executive Director)
Sir Richard Brooke	(Non Executive Director)

Company Address

7th Floor
9 Berkeley Street
London, United Kingdom W1J 8DW


Telephone:	(44) 207 907 9000
Facsimile:	(44) 207 907 9019
Email:	avocetmining[at]avocet.co.uk
Website:	http://www.avocet.co.uk

Additional Address/Key Contact

Malaysia
Specific Resources Sdn Bhd
Penjom Gold Mine
Empang Jalih
P O Box 49
27207 Kuala Lipis
Pahang Darul Makmur
Malaysia
Tel: +60 (9) 322 7288
Fax: +60 (9) 322 7292
Email: avocetmining@avocet.co.uk

Indonesia
PT Avocet Bolaang Mongondow
J1 Kol Sugiono No 24
Kotabangun Kotamobagu 95712
Sulawesi Utara
Indonesia
Tel: +62 (434) 21018
Fax: +62 (434) 23387
Email: avocetmining@avocet.co.uk

Annual General Meeting

27 September

Year End

31 March

Nominated Brokers

Evolution Securities Limited

Nominated Advisors

Grant Thornton UK LLP

Broker/Analyst Reports

14/11/07 - Evolution Securities

Major Shareholders

Elliot Associates	16.1%
Artemis	13.7%
Gartmore	11.2%

Most Recent Statement

02/07/08 - Encouraging Gold Grades From Scout Drilling At Tanoyan, North Sulawesi, Indonesia
20/05/08 - Completion of Banda Transaction Satisfied by Treasury Shares
13/05/08 - AVOCET DRILLING INDICATES POTENTIAL FOR SIGNIFICANT RESOURCE INCREASE AT NORTH LANUT MINE IN INDONESIA
14/04/08 - Fourth Quarter and Full Year Trading Update
01/04/08 - AVOCET UPGRADES RESOURCES AT PENJOM, MALAYSIA WITH CONTINUED DRILLING SUCCESS
13/02/08 - AVOCET ENHANCES GROWTH PIPELINE and ADDS ANOTHER ADVANCED EXPLORATION PROJECT IN INDONESIA

To top