Last checked at 22 Oct 2014 16:20
FinnAust Mining plc / EPIC: FAM / Market: AIM / Sector: Mining
22 October 2014
FinnAust Mining plc ("FinnAust" or the "Company")
Result of AGM
FinnAust Mining plc, the AIM listed exploration company with a multi-project copper, zinc and nickel portfolio in Finland and Austria, is pleased to announce that all resolutions were duly passed at the Company's general meeting held earlier today.
**ENDS**
For further information please visit www.finnaust.com or contact:
Alastair Clayton | FinnAust Mining plc | + 44 (0) 20 3326 1729 |
Ewan Leggat | SP Angel Corporate Finance LLP Nominated Adviser and Joint Broker | +44 (0) 20 3463 2260 |
Lindsay Mair | Sanlam Securities UK Joint Broker | +44 (0) 20 7628 2200 |
Elisabeth Cowell | St Brides Media and Finance Ltd | +44 (0) 20 7236 1177 |
Charlotte Heap | St Brides Media and Finance Ltd | +44 (0) 20 7236 1177 |
Notes
FinnAust Mining plc is an AIM listed exploration company focused on copper and base metals in Finland and Austria. Its proven management team, with its track record of exploring, discovering, financing, constructing and safely operating mines globally, has established a portfolio of highly prospective projects at various stages of development. Finland is rated the number one mining destination worldwide in the Fraser Institute Global Mining Survey Results 2012/2013.
The Company's primary focus of exploration is a portfolio of assets in Finland. Three high-priority target areas have already been identified, Hammaslahti, Outokumpu and Enonkoski, which are prospective for Volcanogenic Massive Sulphide ('VMS'), high-grade magmatic sulphide nickel-copper and Outokumpu type copper deposits. The assets are located in one of the world's most prolific geological belts, which hosts multiple high grade mines including the world famous Outokumpu copper mine, which reportedly produced a total of approximately 34.4 million tonnes of ore at average grades of 3.6% copper, 1.2% zinc, 0.22% cobalt and 0.1% nickel between 1914 and 1988.
FinnAust also holds an 80% interest in the previously producing 33 km sq Mitterberg Copper Project in Austria, which the Company is currently evaluating in order to determine the best plan for future development.