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Key points:
Ascot Mining PLC. is a near term Gold Producer with Four Fully Permitted mines in Costa Rica. Incorporated in the United Kingdom and listed on the UK PLUS Market under the symbol ASMP, on the German XETRA Market under the symbol AM3.DE, and currently has ADRs listed on the US OTC Market under the symbol ATMGY.
- Low cost gold production planned for Q2 2009
- Target of 100,000 oz of gold per annum within four years
- Management team with a track record of successfully developing mining companies
- Fully permitted production infrastructure (4 mines and 3 mills permitted) (one is a JV)
- Ascot’s existing operations have been independently valued well in excess of current market cap
- Focus on fast tracking development / rehabilitation of known gold bearing concessions
- Properties have all previously produced gold, this further reduces production risk
Corporate Strategy:
Early cash flow is the goal of Ascot Mining. Through a combination of outright ownership, lease deals or joint ventures, the Board is using their mining knowledge and industry contacts to aquire and fast track near term gold production all within the well defined Costa Rican Gold Belt. Ascot is pursuing the acquisition of mining properties that are already permitted, or that can be quickly permitted, thereby generating early cash flow. Using this strategy, the time and capital required to bring a property into production can be greatly reduced, thus avoiding many of the difficulties and delays faced by many junior exploration and mining companies.
Ascot is already mining and stockpiling ore. It has the necessary licences in place to operate four goldmines and three mills in Costa Rica. Mobilization has commenced at all mines.
Experienced management who individually, and as a team, have successfully completed a wide range of challenging mining projects. Their in-depth experience covers mining exploration through to production with a comprehensive understanding of metallurgy, mill design and recovery systems.
Planned Expansion through further acquisitions is planned to achieve a targeted production of 100,000 ounces of gold per annum within five years. Management’s firsthand knowledge of the regional geology and their extensive contacts in the mining industry throughout the Americas provides access to commercially valuable opportunities that are not generally available.
Projects in Hand:
- El Recio gold mine (100%)
- Chassoul gold mine (100%)
- Boston ore supply contract (10 + 10 years)
- Tres Hermanos gold mine (100%)
- La Toyota gold mine and fully permitted mill at advanced stage of development (50%)
Disclaimer:
Statements in this document may be viewed as forward-looking statements. Such statements involve risks and uncertainties that could cause actual results to differ materially from those projected. There are no assurances the Company can fulfill such forward-looking statements and the Company undertakes no obligation to update such statements. Such forward-looking statements are only predictions; actual events or results may differ materially as a result of risks facing the Company, some of which are beyond the Company’s control.
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