Company Information for Agricola Resources Plc

PLUS-AGRI

www.agricolaresources.com

Company stock charts - 12 Month chart

PLUS; AGRI

View full financial data

Company Statement

Agricola Resources plc is now primarily engaged in uranium exploration and development. The Company has registered claims for 137 square kilometres in Sweden called Manakjaure 1 and Geddaur 1, 2 and 3. The claims Manakjaure 1 and Geddaur 1 and 2 have now been granted.

These claims border each other and are in the municipality of Arjeplog, in Norrbotten county, northern Sweden. Also in Arjeplog municipality, Agricola has signed an option and earn in agreement with Beowulf Mining PLC to earn up to 70% of the claims Bellek 2, 3, 4 and 5, which cover 106 square km. These claims are believed to be prospective for an iron oxide, copper, gold and uranium deposit (IOCG).

In Finland Agricola has applied for contiguous exploration claims Kuuajaervi 1, 2 and 3. They are about 1 square kilometre size each in accordance with the Finnish Mining Act. They are located around the Paukkajavaara uranium mine area in Eno county, Eastern Karelia. Each of the claims covers strong soil radon anomalies located by Agricola under the terms of a reconnaissance permit.

Current Operations

BALLEK JOINT VENTURE, SWEDEN
Summary:

A program of 3D modelling of regional gravity and aeromagnetic data has been completed over the Ballek JV. Results from this modelling have identified several high-ranked targets for follow-up ground geophysical surveys and generally confirmed the prospectivity of the project for copper-gold-uranium mineralisation
Agricola Resources plc has recently signed a joint venture with Beowulf Mining plc under which Agricola may earn an equity interest of up to 70% in the Ballek copper-gold-uranium project in Northern Sweden
Energy Ventures has a beneficial interest of 29.9% of Agricola’s issued share capital, acquired through a recently completed off-market placement. Energy Ventures has also been issued 46.78 million options in Agricola Resources plc, exercisable at £0.01 each. If exercised, Energy Ventures interest in Agricola will rise to approximately 46%
The proceeds of Energy Venture’s placement in Agricola will be used to fast-track exploration on the Ballek JV and on Agricola’s wholly owned uranium projects in Sweden

Geographical Spread

North West Europe

Board of Directors and Key Management

Executive Chairman:	Robert Young
Finance Director and Company Secretary:	Richard Newstone
Non Executive Director:	James Negaard
Non-Executive Director:	Anthony Scutt
Executive Director	Gregory (Bill) Fry

Company Address

71, Kingsway
London, United Kingdom WC2B 6ST


Telephone:	01353 649701
Facsimile:	+44 1353-649701
Email:	sjtagricola[at]tiscali.co.uk
Website:	http://www.agricolaresources.com

Additional Address/Key Contact

Operating Office
1 Green Hill
Little Thetford, Ely
Cambridgeshire, CB6 3HD

Capital

92,851,460

Annual General Meeting

March

Year End

31 December

Nominated Advisors

Ruegg & Co. Limited
39 Cheval Place
London SW7 1EW

Most Recent Statement

12/06/08 - Ballek Joint Venture Update
05/06/08 - 2007 Accounts Available To Download
11/03/08 - Directorate Changes
02/03/08 - High grade uranium results received from Manakjaure licence area, Jokkmokk region, N. Sweden
24/02/08 - GRANTED A NICKEL EXPLORATION LICENCE AT
15/01/08 - Re: Ballek Joint Venture

To top