13 Dec 2012 16:31
Metminco Limited (LSE: MNC)
("the Company")
Metminco Shareholders
For Immediate Release | 13 December 2012
|
Additional Listing
Further to the Company's announcement on 12 December, the Company announces that it has made application for 1,450 ordinary shares in the Company ("Ordinary Shares") to be admitted to trading on AIM ("Admission"). The new Ordinary Shares will rank pari passu with the existing Ordinary Shares in the Company and it is expected that dealings in these new Ordinary Shares will commence on 19 December 2012.
The Ordinary Shares will rank pari passu, in all respects, with the existing ordinary shares that are currently in issue and are traded on AIM and the ASX. In accordance with Disclosure and Transparency Rule 5.6.1, following Admission, the total number of voting rights in Metminco will be 1,749,543,023. The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Metminco under the FSA's Disclosure and Transparency Rules.
For further information please contact:
Metminco Limited | Office: +61 (0) 2 9460 1856 | |
William Howe - Managing Director | Mobile: +56 9 9308 7900 | |
Stephen Tainton - GM Investor Relations | Mobile: +61 (0) 477 299 411 | |
Canaccord (Australia) | ||
Warwick Grigor | Office: +61 (0) 2 9263 2700 | |
Canaccord Genuity (UK) | ||
Andrew Chubb | Office: +44 (0) 20 7523 8000 | |
Liberum Capital Limited (UK) | ||
Michael Rawlinson/Tim Graham | Office: +44 (0) 20 3100 2225 | |
Buchanan | ||
Gordon Poole | Office: +44 (0) 207 466 5000 |
Company Background
Metminco is a dual ASX and AIM listed company with a portfolio of copper, molybdenum and gold projects in Peru and Chile.
The Los Calatos Project, located in southern Peru, has a Mineral Resource of 2,316 million tonnes, comprising an Indicated Resource of 885 million tonnes at 0.42% Cu and 270 ppm Mo, and an Inferred Resource of 1,431 million tonnes at 0.40% Cu and 180 ppm Mo (at a 0.2% copper cut-off).
The Chilean assets include the Mollacas Project with a Mineral Resource of 34.3 million tonnes consisting of a Measured Resource of 19.4 million tonnesat 0.45% Cu and 0.16g/t Au, an Indicated Resource of 9.4 million tonnes at 0.34% Cu and 0.16g/t Au, and an Inferred Resource of 5.5 million tonnes at 0.26% Cu and 0.15g/t Au (at a 0.2% copper cut-off); and the Vallecillo gold/zinc project with a Mineral Resource of 8.86 million tonnes consisting of a Measured Resource of 5.5 million tonnes at 0.84g/t Au, 9.99g/t Ag, 1.12% Zn and 0.32% Pb, an Indicated Resource of 2.6 million tonnes at 0.80g/t Au, 10.23g/t Ag, 0.94% Zn and 0.35% Pb and an Inferred Resource of 0.8 million tonnes at 0.50g/t Au, 8.62g/t Ag, 0.48% Zn and 0.17% Pb (at a cut-off grade of 0.2g/t Au).
The Company also has a number of early stage exploration projects where initial exploration activities have identified anomalous copper, molybdenum and gold values.
Competent Persons Statement
The information in this report that relates to Exploration Results and Mineral Resources is based on information compiled by Colin Sinclair, BSc, MSc, who is a Member of the Australasian Institute of Mining and Metallurgy and is a full-time employee of the Company as Executive General Manager.
Colin Sinclair has sufficient experience (over 30 years) which is relevant to the style of mineralisation, type of deposit under consideration, and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the 'Australasian Code for Reporting of Exploration Results'. Mr Sinclair, as Competent Person for this announcement, has consented to the inclusion of the information in the form and context in which it appears herein.