FML.L Regulatory News (FML)

17 Mar 2008 13:10

Frontier Mining Ltd17 March 2008 17 March 2008 AIM: FML Frontier Mining Ltd Results of Annual Meeting Frontier Mining Ltd ("Frontier" or "the Company"), the AIM-listedKazakhstan-focused gold mining and copper development company, is pleased toannounce the results of its Annual Meeting held on March 13, 2008. Each of the nominees for the board of directors, Brian Savage, Thomas Sinclair,and Boyd Bishop were elected by a majority of the shareholders to serve untilthe next Annual Meeting. The Company has 2 board vacancies that it intends tofill in due course. Deloitte were ratified as the Company's independent auditors by a majority ofthe shareholders. There was no other business conducted at the Annual Meeting. Brian Savage, Chairman and Chief Executive of Frontier commented "I am pleasedthat the shareholders elected each of the nominees to the board of directors andratified the appointment of Deloitte as the Company's independent auditor. Wehave 2 vacancies on the board and are currently considering candidates to fillthese vacancies in the near future." Enquiries: Frontier Mining Ltd Brian Savage +44 (0) 20 7898 9019Parkgreen Communications Louise Goodeve / Justine Howarth +44 (0) 20 7851 7480Zimmerman Adams Intl. Ray Zimmerman / Jonathan Evans +44 (0) 20 7060 1760 About Frontier Mining Ltd: Frontier Mining Ltd. is a mineral exploration and development Company that wasincorporated in the state of Delaware, USA, on 5 August 1998 for the purpose ofexploring and developing gold and copper deposits in the Republic of Kazakhstan. Through its subsidiaries and affiliates, Frontier locates, evaluates,acquires, explores and develops mineral properties Frontier currently owns three licenses in Kazakhstan. They are the Naimanjalexploration and mining licence, held by FML Kazakhstan, the Baltemir explorationlicence, held by Baltemir LLP and, 50% of U.S. Megatech Inc. which holds theBenkala licence. FML Kazakhstan and Baltemir LLP are wholly-owned subsidiariesof Frontier Mining Ltd. Frontier has one producing gold mine, Naimanjal; onepre-feasibility stage gold project, Koskuduk; and one exploration stage goldprospect, Baltemir. Frontier also has a potential copper porphyry deposit with associated gold andmolybdenum, Baitimir; and several copper/gold prospects along a 25-km trendincluding both VMS and porphyry types. Metallurgical tests on its Beschoku andYubileiny copper projects confirm the oxide copper ore is amenable to extractionusing low cost SX-EW technology. Frontier owns a 50% interest in U.S. Megatech Inc., the joint venture Companythat owns the Benkala copper-molybdenum-gold deposit located in north-westernKazakhstan within the Urals gold/copper ore belt. A Competent Persons Report ("CPR") on the Benkala project completed by Wardell Armstrong International ("WAI") in March 2007 estimates 47.75 Mt at an average grade of 0.36% Cu for theoxide mineralization, and 873.75 Mt at an average grade of 0.30% Cu for thesulphide mineralisation, representing some 2.8 million tonnes of containedcopper. Issued and Fully Diluted Ordinary Shares Frontier Mining's shares are traded on the AIM market of the London StockExchange. Frontier currently has 218,120,082 issued and outstanding shares and 6,057,091reserved and outstanding options giving 224,177,173 fully diluted ordinaryshares. For further information please visit; www.frontiermining.com This information is provided by RNS The company news service from the London Stock Exchange