Company Information for Peninsular Gold Ltd

AIM-PGL

www.peninsulargold.com

Company stock charts - 12 Month chart

AIM; PGL

View full financial data

Company Statement

Peninsular Gold Ltd.’s objective is to become Malaysia’s foremost gold mining company. The Company aims to become a gold producer before the end of 2008, and has commenced construction of a CIL (Carbon-In-Leach) processing plant within its Raub project area, which is at the heart of the historic Raub mining district. Documented historic gold production from the Raub district amounts to in excess of 1 million ounces.

Exploration programmes are ongoing with the objective of building on Peninsular Gold’s existing inventory of Reserves and Resources. The Company hopes to discover in excess of 5 million ounces of gold in Malaysia, which is a low cost, politically stable operating environment.

Peninsular Gold takes its corporate social responsibilities seriously and all the Company’s operations are carried out in accordance with best practice environmental and safety standards.

Current Operations

Raub
The Raub project has been the site of extensive historic gold mining, as well as limited modern operations and currently hosts a proven reserve of 202,000 ounces in 8.6 million tonnes of tailings. In addition a further 213,000 ounces of gold has been identified to date in an area known as the East Lode oxides, comprising 52,000 ounces in the measured and indicated categories and 161,000 ounces inferred (per the JORC standard).

Peninsular's immediate objective is to restart gold production at Raub by constructing a Carbon-In-Leach (CIL) processing plant and using existing reserves of tailings as the initial feedstock.

The tailings on-site at the Raub project have been accumulated over years of previous mining and contain a proven JORC ore reserve of 202,000 ounces of gold.

Peninsular is targeting the eventual delineation of up to 1 million ounces of gold resources at Raub. Gold production is planned to commence in 2008, and cash costs are expected to be around US$200/oz which is low by industry standards. A gravity gold recovery plant was operated at Raub by Peninsular from 1999 until early 2006 and this has given the Company on-site production experience from which to make operating cost projections for the planned Carbon-In-Leach operation.

Tersang
Tersang is located a short distance away from Raub, and 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 (is this still the correct figure?) 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 Address

Malaysian Correspondence Address
Suite 30D - 30th Floor
Empire Tower
City Square Centre
182 Jalan Tun Razak
Kuala Lumpur, 50400


Telephone:	+603 2163 4611
Facsimile:	+603 2164 0882
Email:	admin[at]peninsulargold.com
Website:	http://www.peninsulargold.com

Capital

As at the 11th December, 2007, there are 45,278,596 ordinary shares in issue

Annual General Meeting

TBC

Year End

30 June

Nominated Brokers

Blue Oar Securities Plc
30 Old Broad Street
London
Ec2N 1HT

Nominated Advisors

Nabarro Wells & Co. Limited
Old Change House
128 Queen Victoria Street
London
EC4V 4BJ

Major Shareholders

Akay Holdings	12,919,840	28.5
Akay Venture	12,474,213	27.6
Dato’ Mohamed Moiz bin JM Ali Moiz	4,500,000	9.9
Phoenix Gold Fund	3,450,000	7.6
Granite Peak Limited	2,000,000	4.4
Raub Oil Mill	2,565,000	5.7

Most Recent Statement

30/09/08 - New Carbon-In-Leach Plant Update
03/06/08 - Raub Project resource update - considerable increase in Measured and Indicated resource categories
16/04/08 - Peninsular Gold - results of further RC drilling at Raub gold project in Malaysia
25/02/08 - DRILL RESULTS FROM RAUB GOLD PROJECT
12/02/08 - Interim Results (unaudited) Six Months to 31st December 2007
27/12/07 - Convertible Loan Note Issue

To top