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Frontier Mining Limited is a copper exploration and development company with a focus on Kazakhstan. The Company’s main activity is the Benkala Copper Project in North West Kazakhstan, which forms part of the Urals copper gold ore belt. Frontier has a 100% interest in Benkala through its subsidiary KazCopper LLP

Website:
http://www.frontiermining.com/
Phone:
+44 (0)20 7898 9019
Address:
12 St James Square, London SW1Y 4RB.
Super Sector:
General Mining - Copper
Sector:
Mining
Industry:
General Mining
EPIC / Symbols:
LON:FML
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*subject to change and depends on individual circumstances.

Frontier Mining RNS Press Releases

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Frontier Mining Articles and News

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Frontier Mining Related Media

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Broker press

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  • 12/01/12
    +0.10 +2.80

    Press: Frontier Mining rose on news that Russian bank Sberbank has signed an agreement to provide a loan and credit facility to KazCopper,... read more

  • 17/02/11
    +0.00 +7.50

    : Frontier has announced an updated formal JORC resource estimate for its Benkala copper project. Oxide and sulphide copper tonnes have... read more

  • 23/04/05

    23.04.05 :an article in the Independent reports: the shares rose 2p to 34.25p amid gossip that it will soon announce a positive drilling report.

  • 04/03/05
    +5.75 +31.75

    an article in the Times reports: the shares rose 4p to 26p on talk of an imminent bullish statement.

Director dealings

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Date Director Trans Amount Type Price(p) Value (£) Holding %
13/12/12 W.D.R. Eppler BUY 500,000 ORD 2.12 10,600 1,500,000 0.08
03/10/12 G.N.R. Cole FEES 1,500,000 ORD 0.00 0 3,800,000 0.20
29/07/11 G.N.R. Cole EX 1,500,000 OPT 0.00 0 2,300,000 0.12
29/07/11 G.J. Vojack EX 3,637,956 OPT 0.00 0 28,000,000 1.50
29/07/11 W.D.R. Eppler BUY 500,000 ORD 4.49 22,450 1,000,000 0.05

BASIC RESULTS INFORMATION

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Date Type Turnover Profit EPS (p) Dividend (p) Currency
30/06/12 Interim 0.00 -4.12 -0.30 0.00 USD
31/12/11 Full year 3.25 36.60 2.00 0.00 USD
30/06/11 Interim 1.18 -2.81 -0.15 0.00 USD
31/12/10 Full year 5.66 -31.14 -3.00 0.00 USD
30/06/10 Interim 0.00 -11.11 0.00 0.00 USD

Company Statement

 

Frontier Mining Limited is a copper exploration and development company with a focus on Kazakhstan. The Company’s main activity is the Benkala Copper Project in North West Kazakhstan, which forms part of the Urals copper gold ore belt. Frontier has a 100% interest in Benkala through its subsidiary KazCopper LLP. 

 

Frontier, through its wholly owned subsidiary FML Kazakhstan, also owns Baitemir, a potential copper gold porphyry deposit with associated gold and molybdenum situated on the Naimanjal exploration licence area in North East Kazakhstan. 

 

Frontier maintains an administrative and technical office in Almaty, the former capital city of Kazakhstan and the main business centre in the South East. The Company also maintains offices in Aktyubinsk and Semipalatinsk, close to the Benkala and Baitemir operations respectively

 

Current Operations

 

Benkala 

 

A Competent Persons Report completed by Wardell Armstrong International (“WAI”) in June 2010, estimated the oxide section of the Benkala project, which represents development of only ~10% of the total resource at Benkala, to have a NPV of $190 million, based on 0.5% diluted copper grade, 63% recovery and 185,000 tonnes of contained metal at a 6,000 USD per tonne copper price. Frontier will use the production platform of the SX-EW project currently under construction to finance further evaluation and technical studies required to advance development of the significant Benkala sulphide resources. Frontier expects first production at Benkala in the third quarter of 2012. 

 

WAI updated their Joint Ore Reserves Committee resource estimate in February 2011, significantly increasing the measured and indicated resource for both oxide and sulphide ores. The oxide resource has increased by a total of 9.72kt to 174.38kt (+5.9%) and the sulphide resource by 65.54kt to 779.28kt (+9.2%) of copper. As well as the overall increase, both ore types now have significantly more resource in the measured category and there has been an increase in the average oxide grade percentage. In addition, the overall inferred resource has also increased by 42.8kt to 607.70kt of copper (+7.6%). 

 

 

In January 2012 Frontier added the South Benkala mining area to its existing Benkala licence. The South Benkala area is approximately 10 kilometres south of Benkala and has a GKZ resource estimate of 94.5kt of oxide and 515.1kt of sulphide copper. 

 

Baitemir 

 

Baitemir was identified as the most attractive deposit on the Naimanjal licence area and an exploration drill program was developed to confirm the size and grades of the deposit. Frontier has now drilled almost 16,000 metres and, on the basis of positive results, has an additional 1,000 metre drilling programme for 2012. The Company is working to further define the mineral inventory, anticipating the generation of a mineral resource prepared in accordance with the guidelines of the JORC Code (2004) in 2012. 

 

 

Managment

For further information please click here

 

ERLAN K. SAGADIEV  

MR. ERLAN K. SAGADIEV

CEO & CHAIRMAN

 

     
GEORGE N. R. COLE  

MR. GEORGE N. R. COLE

CHIEF FINANCIAL OFFICER

 

     
YERBULAT A. TASTANOV (PhD)  

MR. YERBULAT A. TASTANOV (PhD)

EXECUTIVE DIRECTOR

 

     
BOYD W. BISHOP  

MR. BOYD W. BISHOP

NON-EXECUTIVE DIRECTOR

 

     
W. DURAND  

MR. W. DURAND EPPLER

NON-EXECUTIVE DIRECTOR

 

     
GREGORY J. VOJACK  

MR. GREGORY J. VOJACK

NON-EXECUTIVE DIRECTOR

 

     
YERLAN Z. ALIYEV  

MR. YERLAN Z. ALIYEV

NON-EXECUTIVE DIRECTOR

 

Major Shareholders

Frontier has 1,860,913,973 ordinary shares issued

 

Major Shareholders:

Coville Intercorp Ltd 873,215,000 46.9%

River House Consultants Limited 470,040,030 25.3% 

 

Updated from Company website 03.09.2012

  • Additional Information
    Market
    AIM
    EPIC
    FML
    Share Price
    2.58p
    Change
    0
    Volume
    0
    Dividend
    0
    EPS
    2.00
    Shares
    1,860.91 m
    Offer
    2.7
    Bid
    2.45
    Avg. Vol
    443,080
    Yield
    0.00
    P/E
    1.29
    Mkt Cap
    £48.01 m
  • Contact Information

    UK

    Suite 100
    25 Upper Brook Street
    London
    W1K 7QD     

                    
    Tel: +44 (0)20 7898 9019             
    Fax: +44 (0)20 7898 9101     

    Kazakhstan

    601 Nurly Tau Business Centre

    Block 4B, 17 Al Farabi Ave
    Almaty 050010, Kazakhstan
    T +7 7273 11 03 50


    USA

    PO Box 2468
    Parker
    CO 80134, USA

    Corporate Information

     

    Nominated Advisor

    Libertas Partners

    17c Curzon Street

    London

    W1J 5HU

    United Kingdom

    Tel: +44 (0)20 7569 9650

    Fax: +44 (0)20 3318 2977

    www.libertaspartnersllp.com

     

     

    Investor Relations & PR

    Walbrook PR

    4 Lombard Street

    London EC3V 9HD

    United Kingdom

    T +44 (0)20 7933 8780

    F +44 (0)20 7933 8781

    www.walbrookpr.com

     

    Joint Broker

    Xcap

    24 Cornhill

    London EC3V 3ND

    United Kingdom

    T +44 (0)20 7101 7070

    F +44 (0)20 7101 7071

    www.xcapgroup.co.uk

     

    Joint Broker

    Westhouse

    One Angel Court

    London EC2R 7HJ

    United Kingdom

    T +44 (0)20 7601 6100

    F +44 (0)20 7796 2713

    www.westhousesecurities.com

     

     

    Auditors & Reporting Accountants

    Deloitte LLP

    Almaty Financial District

    Building B, 36 Al Farabi Avenue

    Almaty 050000

    Kazakhstan

    Tel: +7 (727) 258 13 40

    Fax: +7 (727) 258 13 41

    www.deloitte.kz

     

    Solicitors to the Company

    Bracewell & Giuliani LLP

    15 Old Bailey

    London

    EC4M 7EF

    United Kingdom 

    Tel: +44 (0)20 3159 4220

    Fax: +44 (0)20 3159 4221

    www.bracewellgiuliani.com

     

    VSB Partners LLP

    57 Amangeldy Street

    Almaty 050012

    Kazakhstan 

    Tel: + 7 727 258 1400

    Fax: + 7 727 258 1444

    www.vsbpartnersllp.com

     

    Baker & McKenzie - CIS, Limited

    Sadovaya Plaza, 12th Floor

    7 Dolgorukovskaya Street

    Moscow 127006

    Russia 

    Tel: + 7 495 787 2700

    Fax: + 7 495 787 2701

    www.bakermckenzie.com

     

    Registrars

    Computershare Investor Services (Jersey) Ltd

    Queensway House

    Hilgrove Street

    St Helier

    Jersey

    JE1 1ES

    Tel: +44 (0)870 707 4040

    Fax: +44 (0)870 873 5851

    www-uk.computershare.com

     

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