Teknomining plc (Withdrawn)

ISDX Growth Market

Teknomining Plc is engaged in the exploration, and development of industrial minerals and base metals in south eastern Turkey.

The Group had initially secured through its wholly owned Turkish subsidiary ("The Company") two Exploration Licences over land area in the province of Diyarbakir, Eastern Anatolia, Turkey covering an area of c.10.9km.sq and currently has upgraded these to two full Operation Licences. These licences grant the Company certain rights to explore for and exploit "4th Group Minerals" as defined under Turkish mining law.

The Group announced on 23 May 2011 that through its wholly owned Turkish subsidiary it has been awarded full rights to three additional Exploration Licences covering an area of c.54.07km sq (5,407 hectares) taking the total number of licences under management to five - with two Operation Licences and three Exploration Licences covering a total area of 64.97km sq (6497 hectares).

To date the Company has undertaken five major Geophysical Ground Magnetic, Resistivity and Induced Polarisation (IP) Surveys which have shown the presence of positive anomalies. Initial drilling of a copper prospect has located some interesting intersections of copper mineralisation. Strong magnetic anomalies coincide with outcrops and boulders of magnetite and warrant further investigation.

A new Board of Directors elected in late December 2012 is carrying out a detailed review of all technical data with a view to outlining a future strategy for the Company. Plans to develop iron ore extraction on Licence 200806366 will be reviewed by the nominated contractor during April of this year.

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Symbol Ccy Code Bid Ask Mid Previous close Volume Last Traded 52Wk Low 52Wk High
XX.TEKP GBX - - 3 3 50 19/04/2013 3 33.5

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Reports/Accounts
31/01/2011 Final Reports and Accounts 2011
Company Contacts
Mr Matthew Farrell Chief Executive Officer
Mr Sean Finlay Non-Executive Chairman
Dr Roger Norwich Non-Executive Director
Advisers
Registrar: Computershare Investor Services plc (Ireland)
Address: Heron House
Corrig Road, Sandyford Industrial Estate
Dublin
18
Co. Dublin
Ireland
Phone: 00 353 1 216 3000
Email: enquiries@computershare.co.uk
Address
Business: 6 Northbrook Road

Dublin
6
Co. Dublin
Ireland
Phone: +353 87 249 10 22
Email: Teknomining@gmail.com
Registered: 6 Northbrook Road

Dublin
6
Co. Dublin
Ireland