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17/05/2011

Erlan Sagadiev from Frontier Mining says Frontier’s low share price makes no sense

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Additional Information
Market: AIM
Sector: General Mining - Copper
EPIC: FML
Latest Price: 3.68p  (0.82% Ascending)
52-week High: 8.25p
52-week Low: 2.55p
Market Cap: 68.48M
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Frontier Mining
www.frontiermining.com

Frontier Mining Ltd is a mineral exploration and development Company focussed on 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 operates two licenses in Kazakhstan, Naimanjal (100% owned) and Benkala (50% owned). Naimanjal operations currently consist of five projects; a producing gold mine, a test stage gold production project, a potential copper porphyry deposit with associated gold and molybdenum, and copper/gold prospects along a 25km trend including both VMS and porphyry types. Benkala is a copper-molybdenum-gold deposit located in north-western Kazakhstan, within the Urals gold/copper ore belt.

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Frontier Mining says Coville grants further deferral of repayment

13th Mar 2009, 12:18 pm

Frontier Mining Ltd said Coville Intercorp Ltd has agreed to further defer the repayment of the US$7.7 million convertible loan note until April 15 2009.

Frontier in December 2008 owed US$7.7 million to Coville in connection with becoming partner in the Benkala copper project.

Frontier signed heads of terms in February with an unspecified lender to provide a new US$10 million loan, which will give it sufficient working capital for the foreseeable future and allow it to repay Coville.  Negotiations are still ongoing.

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