Additional Information
Market: ASX
Sector: General Mining - Gold
EPIC: SUM
Latest Price: A$0.09  (-5.56% Descending)
52-week High: A$0.27
52-week Low: A$0.09
Market Cap: A$16.20M
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Sumatra Copper & Gold
www.sumatracoppergold.com

Sumatra Copper & Gold plc (ASX:SUM) was established in 2006 to explore for, and develop, gold-silver and copper-gold mineral deposits on the Indonesian island of Sumatra. The Company has an economic interest of 92.5% in its projects. Sumatra’s assets include a mineral resource of some 2.15 million ounces of gold and 24 million ounces of silver reported to JORC Code standards, with further exploration targets identified.

Pdf

Sumatra Copper & Gold director boosts stake in company

31st May 2011, 3:10 am

Sumatra Copper & Gold (ASX: SUM) non-executive chairman Warwick George Morris has purchased more chess depositary interests through on market-trades.

Morris spent $50,000 to acquire an additional 200,000 chess depositary interests, for an average entry price of $0.25.

Morris now holds just over 7.24 million chess depositary interests, and 500,000 options exercisable at $0.25 and expiring in October 2014.

Sumatra Copper & Gold announced some very positive news earlier in the year, with an upgraded resource at the company's Tembang Gold and Silver Project to over one million gold ounces.

The updated resource allows the Pre-Feasibility Study to be completed with the scope of the project finalised for the Definitive Feasibility Study, scheduled to commence in the second half of 2011.

 

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