SOURCE: Centamin plc

September 10, 2015 04:00 ET

Centamin plc Updated Resource and Reserve Statement -Correction

PERTH, AUSTRALIA--(Marketwired - Sep 10, 2015) - Centamin plc (LSE: CEY) (TSX: CEE)

LSE: CEY; TSX: CEE    
     
For immediate release   10 September 2015

Centamin plc ("Centamin" or "the Company")
(LSE:CEY, TSX:CEE)

Updated Resource and Reserve Statement - Correction

[There was an error in today's earlier release in the Tonnes and Grade columns within the Total Combined (Open Pit and Underground) Mineral Reserve table. This has now been corrected.]

Centamin is pleased to provide an update to its Mineral Resource and Mineral Reserve estimates for the Sukari Gold Mine, as at 30 June 2015, as outlined below.

Highlights

  • Total Measured and Indicated Mineral Resource estimate of 13 million ounces (Moz) gold, is reported as an open pit resource at a 0.3g/t cut-off grade. This total is inclusive of the 1.0 Moz underground resource.
  • Total combined open pit and underground Mineral Reserve estimate of 8.8 Moz, which is an increase of 7% from the previous 8.2 Moz at 30 September 2013. The increase is due to lower operating mining and processing costs associated with lower international fuel prices, and continued drilling from underground to move ounces up through the resource categories and increase the underground reserve.
  • Open pit and surface stockpile reserve estimate of 8.3 Moz.
  • Underground reserve estimate of 2.7 million tonnes (Mt) containing 0.5 Moz.
  • Resource and reserve definition continues in parallel with expanding underground infrastructure, targeting higher grade areas.

Click on, or paste the following link into your web browser, to view the associated PDF document:

http://www.rns-pdf.londonstockexchange.com/rns/6505Y_1-2015-9-10.pdf

Contact Information

  • Centamin plc
    Josef El-Raghy
    Chairman
    Andrew Pardey
    CEO
    Andy Davidson
    Head of Investor Relations
    (andy.davidson@centamin.je)
    +44 (0) 1534 828708

    Buchanan
    Bobby Morse
    + 44 (0) 20 7466 5000