12 Jul 2010 07:00
12 July 2010
Bellzone Mining plc
("Bellzone" or the "Company")
Notice of Annual General Meeting and Annual Report and Accounts 2009
Bellzone Mining (AIM: BZM) today announces it has posted to shareholders its Annual Report and Accounts for 2009 (the 'Report & Accounts') and a circular giving notice of its Annual General Meeting (the 'Circular').
The resolutions detailed in the Circular will be proposed at the Annual General Meeting of the Company to be held at 10.30am Jersey time (5.30pm Western Standard Time) on Friday 30 July 2010 at Channel House, Green Street, St Helier, Jersey, JE2 4UH, Channel Islands (the "Registered Office").
To facilitate the participation of Shareholders based in Australia at the Annual General Meeting, the directors of the Company have resolved that a satellite meeting will be held at Level 3, 88 Colin Street, West Perth, WA 6005, Australia. The satellite meeting will be linked to the principal meeting at the Registered Office by a video conferencing facility. All shareholders who plan to attend the satellite meeting should arrive at the venue no later than 4.45pm on Friday 30 July 2010.
Copies of the Report & Accounts and the Circular are available from the Company's website, www.bellzone.com.
Enquiries:
| Bellzone Mining plc Nik Zuks |
+61 439 420 893 |
|
Canaccord Genuity Limited Nominated Adviser and Joint Broker to Bellzone Andrew Chubb/Tarica Mpinga |
+44 (0)20 7050 6500 |
|
Renaissance Capital Limited Joint Broker to Bellzone Simon Matthews/Thomas Beattie |
+44 (0)20 7367 7777 |
|
Conduit PR Charlie Geller /Jos Simson |
+44 (0)20 7429 6604 / +44 (0) 7528 233 383 |
Bellzone Mining plc
Bellzone Mining plc is an iron-ore exploration and development company with assets in Guinea, West Africa. The Company's flagship project, the Kalia Iron Project, is underpinned by its 100% owned Kalia iron deposit which has a maiden inferred magnetite JORC resource of 2.4 billion tonnes, located on the Kalia I prospect. Previous drilling results and internal estimates indicate that the Kalia iron deposit has the potential to host more than 13 billion tonnes of magnetite ore and 2.9 billion tonnes of surface oxide. Exploration work continues to further delineate and increase the resources at Kalia with the SEIA and EIA studies already underway in support of the Bankable Feasibility Study.
Bellzone intends to develop a 50 million tonnes per annum ('mtpa') iron ore operation through a two staged approach. First production is expected in 2014 at 20mtpa which is expected to fund the expansion to 50mtpa schedule for completion in 2018.
On 24 May 2010, Bellzone reached a Binding Memorandum of Understanding ('MOU') with China International Fund ('CIF') with regards to the financing of the infrastructure required for the Kalia Iron Project.
The parties have agreed to execute the definitive agreements for the infrastructure company, joint venture agreement and off-take agreement resulting from the Binding MOU.
Bellzone is listed on the AIM market of the London Stock Exchange under the ticker 'BZM'.
www.bellzone.com.au