Altyngold Regulatory News (ALTN)

21 October 2013

Hambledon Mining plc('Hambledon' or the 'Company')

Venmyn Deloitte Appointment

Hambledon Mining plc (AIM: HMB), the gold mining and development company, today announces that it has appointed Venmyn Deloitte, an independent minerals advisory firm, to prepare an Independent Competent Person's Report ("CPR") for the Company's Sekisovskoye deposit.

Upon completion of the Independent CPR, which is expected to be completed in the coming months, and following the receipt of requisite licences, Venmyn Deloitte will then prepare a further Independent CPR for the Karasuyskoye Ore Fields. This is the area immediately adjacent to the Sekisovskoye deposit, details of which were announced on 4 October 2013. 

Venmyn Deloitte, a wholly owned subsidiary of Deloitte Touche Tohmatsu Limited ("Deloitte"), is an independent advisory company with extensive experience in preparing mineral resource statements, AIM-compliant competent person's reports, technical adviser's reports and valuation reports for minerals, oil and gas and exploration companies. Venmyn Deloitte was established in November 2012, when Deloitte, a global professional services firm, purchased the 25-year-old mineral advisory firm Venmyn Rand (Pty) Ltd and incorporated it into Deloitte South Africa's Mineral Advisory Services practice.

The Company considers that Venmyn Deloitte's successful track record in minerals consulting, mining advisory services, audit, and tax makes it the best partner to work with on completing the CPR and looks forward to publishing the CPR in due course.

Aidar Assaubayev, CEO of the Company, commented "We are very pleased with the appointment of Deloitte Venmyn and see this as another positive step forward in the Company's development."

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