RAB Capital Shareholding Increases
30/06/2008
Press Release
The Company received a notification
from RAB Capital, that its shareholding in Angus & Ross plc reached
29.15%.
Read
full announcement >>
Directors' Dealings
30/06/2008
Press Release
Further to the announcement
of 27 June 2008 regarding a placing to raise approximately £3.5
million the directors and management of the Company have today
confirmed their subscriptions to 3,014,000 shares in the above
mentioned placing at the placing price of 5p/share.
Read
more >>
Angus & Ross raises total of £3.5million
27/06/2008
Press Release
A&R (AIM: AGU.L), a zinc/lead mining company whose primary focus is the re-opening of the Black Angel Mine in Western Greenland, is pleased to announce a successful placing of 70,639,000 ordinary shares (the “Placing Shares”) at a price of 5p, raising £3,531,950 before expenses.
Funds raised will be used for advancing the company’s Black Angel project in Greenland - including completion of the installation of the cable car and the commencement of the installation of equipment to allow the Black Angel Mine to become operational.
Read more >>
Funding update
06/06/2008
Press Release
A&R is continuing its efforts to raise further funds both to meet its short and medium term working capital position and to fund the longer term development of the Black Angel Mine. There are a number of discussions which are ongoing with regard to raising funds, financing, and off-take agreements.
Read more >>
Mining licence awarded for the Black Angel mine
28/05/2008
Press Release
A&R (AIM: AGU.L), a zinc/lead mining company focused on re-opening the Black Angel Mine in Western Greenland, is pleased to announce that its wholly owned subsidiary, Black Angel Mining A/S, has been awarded a 30 year licence to mine zinc, lead and silver ore from the Black Angel Mine. This licence allows production to commence at Black Angel and forms the latest development of the proposed restart of the mine planned for later this year.
In addition, a further mining licence application at the nearby Nunngarut zone is currently being prepared for submission.
Read more >>
Short term loan from Cyrus Capital Partners LP
for Black Angel Project in Greenland
21/05/2008
Press Release
A&R announces that it is borrowing $1,650,000 from Cyrus Capital Partners LP (Cyrus). The loan, which is repayable in three months, will bear interest at 14% per annum and is subject to an arrangement fee of $150,000.
Cyrus holds 37.5 million warrants at an exercise price of 20p, with an expiry date of 10th July 2010 and is therefore considered to be a related party.
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Angus & Ross at the Greenland Sustainable Mineral & Petroleum Development Conference
28/04/2008
You will have a chance to view a presentation by Nicholas Hall, the company's Chief Executive at the Greenland Sustainable Mineral & Petroleum Development Conference in Copenhagen (6-7/05/08). The presentation about the Black Angel zinc-lead project in Greenland will take place at 1:20pm on the 7th of May 2008. To find out more about the conference visit
its website at www.sustainablegreenlandresources.com.
Appointment of Director of Mining
25/04/2008
Press Release
Angus & Ross plc is pleased to announce that on 21st May 2008 Mr. Timothy John Daffern (41) will take up his appointment to the Board as Director of Mining with specific responsibility for the overall technical management of the company’s Black Angel project in Greenland.
Mr. Daffern has most recently been the Technical Director (Mining) and Principal Engineer with Wardell Armstrong International Ltd.
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Directors' Dealings
31/03/2008
Press Release
The Company has been informed that on Friday 28th March 2008, Mr. Frank Chapman, a Non-Executive Director of the Company, purchased 110,000 ordinary shares at a price of 11.35p per share. Mr. Chapman’s resultant holding is 500,000 shares, representing 0.35% of the Company’s issued share capital.
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Restart of Black Angel Mine with production of Zinc, Lead and Silver expected in 2008
26/03/2008
Press Release
A&R announces that it is making considerable progress towards the planned re-opening of the Black Angel mine in Greenland and the board is confident that it will be able to commence production during 2008. A&R has been encouraged by the response it has received in discussions with various potential sources of development capital and other finance.
Read more >>
Black Angel Bankable Feasibility Study & Mining Licence Application
12/02/2008
Press Release
Angus & Ross PLC is pleased to announce that Wardell-Armstrong International mining consultants have completed the Bankable Feasibility Study (BFS) based on pillar extraction from the Black Angel and Cover Zones of the Black Angel mine in Greenland. The report covers the first three years of mining operations and indicates a post tax internal rate of return (IRR) of 43% based on zinc and lead prices both averaging $2,500 per tonne throughout the forecast period. The Company has applied for the mining licence to the Greenlandic authorities. Extraction is expected to commence in Q4 2008.
Read
more >>
Interim financial results to 31 August
2007 announced
30/11/2007
Regulatory Announcement
Angus & Ross PLC (AGU) has published today
its interim financial results for the 6th months ended 31st August
2007. To download a copy in a PDF format follow the link below.
Go to
Financial Reports page >>
Black Angel 2007 Resource Statement
30/11/2007
Press Release
Angus & Ross is pleased to announce updated
resource figures for the satellite deposits adjacent to its Black
Angel zinc/lead mine in West Greenland based on the reports received
recently from Wardell-Armstrong International geological consultants.
The updated figures include the results of the 2007 drilling programme.
Read
more >>
Appointment of Chris Innis as a Non-Executive
Director
19/11/2007
Press Release
Angus & Ross is pleased to announce the appointment
today of Christopher
Robert Innis (47) as a non-executive Director.
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more >>
Appointment of Fox-Davies Capital as
Broker
15/11/2007
Press Release
Angus & Ross plc is pleased to announce
that it has appointed Fox-Davies Capital Limited as Joint Broker
to the Company alongside Landsbanki Securities (UK), the Company's
NOMAD with immediate effect.
Read
more >>
Final batch of results from drilling
and further progress towards Black Angel mine re-opening
17/10/2007
Press Release
Angus & Ross plc is pleased to provide the
latest drilling update from its Black Angel mine in Greenland. The
final batch of assays from the last five holes of the drilling programme
carried out this year on the Glacier discovery near the Black Angel
mine have been received from ALS Chemex Laboratories in Vancouver.
This News release also contains information about the progress of
the mine re-oepening process.
Read
more >>
Appointment of the CEO, Project
Manager & Results of AGM
3/10/2007
Press Release
Angus & Ross plc is pleased to announce the appointment today of Nicholas J.H. Hall as Chief Executive Officer and Leon Coetzer as project manager of the Black Angel mine in Greenland. Following the appointment appointment, Robin Andrews is relinquishing the post of CEO but will retain the position of Executive Chairman.
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Further results of Black Angel 2007 exploration & mine reopening progress
20/09/2007
Press Release
Angus & Ross is pleased to update its shareholders
with the excellent results, so far, of the exploration at its Black
Angel Zinc / Lead Project in West Greenland. The drilling programme was completed on 29th August with 37 holes drilled totalling 8,142m. This press release contains the assay results from the third batch of 2007 samples as well as the most recent information on preparation to mining re-starting.
Read more >>
Annual Report 2006/07 and
full financial results published
31/08/2007
Press Release
Angus & Ross plc published
today its 2006/07 Annual Report and full financial
results for the year ending 28th February 2007. The annual
report is available for downloading (PDF format) from the 'Annual
Reports' page of this website.
Read more >>
Preliminary results for 2006/07 financial
year published
30/08/2007
Press Release
Angus & Ross
plc published today its preliminary financial results for the
financial year ending 28th February 2007. The full set
of results (Annual Report 2006/07) will be published on Friday,
31/8/07. The preliminary results (which are shortened version
of the full accounts) can be downloaded using this
link. The link to the
'prelims' does not appear on the Annual Reports page once the
full accounts and the Annual Report have been published there.
Read
more >>
First results of Black Angel 2007 exploration
24/08/2007
Press Release
Angus & Ross is pleased to update its shareholders
with the excellent results, so far, of the exploration at its Black
Angel Zinc / Lead Project in West Greenland. Assays from the first
two batches have been received (12 holes out of the 32 drilled so
far). Numerous other exploration developments are also covered in
this news release.
Read more >>
Brazilian Subsidiary Raises £825,000 in
a Pre-IPO Private Placement
21/08/2007
Press Release
Angus & Ross plc announced today that its
Brazilian subsidiary St.
Andrews Mining Limited has raised a total
of £825,000 in a pre IPO round of equity financing
via a Private Placing. 11 million shares were sold at 7.5p each including
3.34 million subscribed for by A&R. As a result outside shareholders
including local management now own 19% of St. Andrews,
with A&R owning the balance of 81%. At the placing
price, St. Andrews is capitalised at £5 million.
Read more >>
Issue of Equity
24/07/2007
Regulatory Announcement
Angus & Ross
plc announces today the issue of 2,200,000 new
ordinary shares of 1p each which the company has placed at a price
of 22 pence
per share. Application will
be made today for the admission of these shares to trading on AIM. Following
this issue there will be 141,377,203 ordinary
shares in issue.
Read more >>
EGM approves $30m debt financing package for
the Black Angel project
05/07/2007
Press Release
Extraordinary General Meeting of Angus & Ross plc held in York on Monday, 2/7/07 has approved the US$30 million facility agreement with Cyrus Capital Partners LP.
This is an important step forward for the Company especially given the fact that the financing has been achieved before a Bankable Feasibility Study has been completed. Now that the financing is in place the Company can start to accelerate the development of the Black Angel project, including the start of initial ore production in 2008 and increased exploration activity
Read
more >>
Issue of Options
28/06/2007
Regulatory Announcement
Angus & Ross plc announces today the grant
of 7,700,000 share options to directors of the Company.
The options over Ordinary Shares of 1p each, in
the Company's Unapproved Share Option scheme have been granted at
a price of 20p.
Read
more >>
Update on the Brazilian Operations
26/06/2007
Press Release
Angus & Ross pleased
to announce the latest news from its Brazilian projects operated
by its 90% owned subsidiary St Andrews Mining Limited ("SAM").
The release contains information about drilling results and other
developments.
Read
more >>
Negotiations Copmpeted for $30m financing for
the Black Angel project
07/06/2007
Press Release
Angus and
Ross plc announces today
the that the negotiations with Cyrus Capital
Partners LLP have been
completed and the Facilities Agreement signed on 6th June 2007.
Under the terms of the Facility Angus & Ross can draw up to $30
million to develop the Black Angel
zinc/lead project in Greenland.
Read more >>
Issue of Equity
30/04/2007
Regulatory Announcement
Angus and Ross plc
announces today the issue of 400,000 new ordinary shares of 1p each
pursuant to the exercise of options at a price of 10 pence per share,
which brings the number of shares in issue to 139,177,203.
Read
more >>
Uranium joint venture for Australian
associate
30/04/2007
Press Release
Angus & Ross plc is pleased
to announce that its 28% owned Australian associate, ASX listed Queensland Gold and Minerals Ltd has
signed an exploration joint venture agreement with Canadian listed
explorer Mega
Uranium Ltd.
Read
more >>
Black Angel Mine gets a cable
car access
15/03/2007
Press Release
Significant progress has been
made in preparations to re-opening of the Black
Angel zinc/lead mine
in Greenland. Angus & Ross has announced a number of steps to be
taken in 2007 and 2008, which may lead to the start of mining in
2008. The key issue is an installation of the cable car access to
the mine...
Read
more >>
Strong debut of Australian subsidiary
on ASX exchange
08/01/2007
Press Release
Angus and Ross is pleased to announce that its Australian associate, Queensland Gold and Minerals Limited (“QGM”) has successfully listed on the Australian Stock Exchange (“ASX”). The isuue was oversubscribed and raised A$4.00 million (gross).
Read
more >>
BRAZIL - UPDATE
18/12/2006
Summary of Report
Angus & Ross ("A&R” or "the
Company") is pleased to announce the appointment of Dr
Jayme Leite, PhD., as Director of Operations of St Andrews Mining
Limited ("SAM"), the Company's 90% owned subsidiary formed
to look after its Brazilian interests.
Read
more >>
Significant New Resources Added to High Grade
Black Angel Zinc Project
06/12/2006
Summary of Report
Angus & Ross plc (“A&R” or “the Company”) is pleased to announce that it has received the
Wardell Armstrong International (“WAI”) Resource Report (“WAI Resource Report”) following
four months of drilling this summer at its Black Angel prospect in Greenland.
Read
more >>
Interim financial results to 31 August
2006 announced
30/11/2006
Regulatory Announcement
Angus & Ross PLC (AGU) has published today
its interim financial results for the 6th months ended 31st August
2006. To download a copy in a PDF format follow the link below.
Go to
Financial Reports page >>
Issue of Equity
20/11/2006
Regulatory Announcement
Angus and Ross plc announces today
the issue of 200,000 new ordinary shares of 1p each pursuant to
the exercise of options at a price of 9.25 pence per share.
Read more >>
IPO of A&R's QGM subsidiary in Australia
31/10/2006
Press Release
Angus and Ross is pleased to announce
that A$3 million of
the forthcoming initial public offering on the ASX of
its Australian associate, Queensland Gold and Minerals Limited
(“QGM”) has been underwritten by Sydney brokers,
Martin Place Securities. The offer is expected to close on 8th December
and is open to receive up to an additional A$3 million over and
above the amount underwritten – at
A$0.20 per unit.
Read
more >>
Further Assay Results from Black Angel
Drilling Programme
12/10/2006
Press Release
Angus & Ross PLC is pleased
to announce the third set of assay results from this summer’s
drilling programme at its Black
Angel zinc/lead property in West Greenland. The half-core
testing programme run by ALS Chemex in Vancouver has been completed,
with 632 samples having been tested.
Read
more >>
Issue of Equity
26/09/2006
Regulatory Announcement
Angus & Ross plc ('Angus & Ross' or 'the
Company') announces today the issue of 200,000 new
ordinary shares of 1p each pursuant to the exercise of options at
a price of 11.5 pence per share.
Read
more >>
Black Angel’s Glacier Zone Continues
to Return High Grade Intersections
21/09/2006
Press Release
Angus & Ross PLC is pleased to announce the
second set of assay results from this summer’s drilling programme
at its Black
Angel zinc/lead property in West Greenland. All 16
holes (see table) were drilled in the Glacier Zone,
which is developing into a sub vertical sheet of continuous mineralisation,
now confirmed over 500 metres along strike and with
a down dip extension of at least 170 metres.
Read
more >>
Retirement of directors and issue of equity
07/09/2006
Regulatory Announcement
ANGUS & ROSS plc announces today the retirement
of Michael Martineau and Adrian
Day as non-executive directors of the Company. Michael Martineau
also exercised 250,000 options in the Company's
Unapproved Share Option Scheme.
Read
more >>
Initial drilling results from the Black Angel Project
in Greenland
01/09/2006
Press Release
Angus & Ross PLC (AGU) (“Angus & Ross” or the “Company”) is pleased to announce the first results from this summer’s drilling programme at its Black Angel zinc/lead property in West Greenland. The Company is encouraged by these first results, which included some particularly high grade massive sulphide intersections with combined lead+zinc grades exceeding 30%; most particularly in the South Lakes Glacier zone where a 700 metre outcrop of massive sulphide zinc-lead mineralization was discovered last year.
Read
more, view photos and maps >>
Exercise of warrants and private placing to raise £2.9m
07/08/2006
Regulatory Announcement
Angus & Ross plc announces that 1,205,222 warrants, representing 32.34% of the total of 3,726,600 warrants issued in March 2006 to the former minority shareholders of Black Angel Mining Limited ('BAM') have now been exercised. In addition, the Company has today also placed 10,085,512 new ordinary shares of 1p with institutional shareholders at 20p.
Read
more >>
6000m of drilling reached at Black Angel
Project in Greenland
1/08/2006
Press Release
Angus & Ross PLC (AGU)
wishes to bring shareholders up to date with progress at its exploration
programme on the wholly owned Black Angel zinc/lead property in West
Greenland.
The Company's original objective this season had been to drill between 6,000 and 7,000m.
By the end of July, due to the efficiency of the drilling crews and
favourable weather, a total of 6,000m of diamond
drilling has been achieved and 47 holes have been
completed.
Read
more, view photos >>
Preliminary 2006 results released
25/07/2006
Regulatory
Announcement
Angus & Ross PLC (AGU) has published today
its preliminary financial results for the financial year ended 28th
February 2006. To download a copy in a PDF format follow the link
below.
Go
to Financial Reports page >>
Drilling progress at Black Angel Project
in Greenland
11/07/2006
Press Release
Angus & Ross PLC (AGU)
is pleased to report on progress of its 2006 exploration programme
at its Black Angel zinc/lead property in West Greenland.
A total of over 1000 metres has already
been drilled with 15 holes completed in the first 3 weeks of the
current programme. In
particular 11 new holes have been drilled to test the continuity
of mineralisation in the area of the Ark Showing,
an area where data from 12 holes drilled by previous operators already
exists.
Read
more, view photos >>
Drilling starts at the Black Angel
Project in Greenland
21/06/2006
Press Release
Angus & Ross PLC (AGU) is pleased to announce the start of its 2006 exploration programme at its Black Angel zinc/lead property in West Greenland. Two drilling rigs are now in full 24-hour operation and the first 75m hole has been completed. The rigs are expected to drill up to 60 diamond holes totalling between 6000-7000m.
A 17-person team has been assembled on site and a further 7 experts are expected to visit the property periodically over the summer.
Read
more >>
Black Angel exploration programme to
start in June 2006
20/04/2006
Press Release
Angus & Ross PLC (AGU) is pleased to announce
the exploration programme for its Black Angel zinc/lead
property in West Greenland.
The three-month programme will include:
- 6,000-7,000m of diamond drilling in 7 target
areas;
- Reinterpretation and computer modelling of
old data;
- Geological mapping of areas uncovered by melting
of ice and snow;
- Airborne geophysical survey;
- Environmental Baseline Studies.
The new NPVs of the project published today
are $109m for the base case and $336m for the improved case.
Read
more >>
RAB Capital and Fidelity become major
shareholders of Angus & Ross
16/03/2006
Regulatory Announcement
The Company has been informed by Fidelity
International that following recent share purchases, Fidelity
International and certain of its subsidiary companies have a notifiable
interest of 6,000,000 shares representing in total 4.87% of
the issued share capital of the Company; namely FMR Corp holding
5,553,700 shares (4.51%) and Fidelity International Limited holding
446,300 shares (0.36%). The Company has also been informed by RAB
Capital that following recent share purchases, RAB Capital
has a notifiable interest of 18,250,000 shares representing 14.81% of
the issued share capital of the Company.
Read
more >>
Queensland Gold & Minerals Ltd (QGM)
announces key joint venture with Oxiana Ltd (OXR)
15/03/2006
Press Release
Angus & Ross plc,
is pleased to announce that its 52% owned Australian gold exploration
company, Queensland Gold & Minerals Ltd (QGM),
has signed a joint venture agreement with leading gold and base metal
miner Oxiana Ltd (OXR) on its Warroo project in
South East Queensland. Under the terms of the agreement, Oxiana is
required to spend a minimum of A$0.5M this year and up to A$4M at
any time over the following four years to earn up to an 80% interest
in the property.
Read
more >>
Placing of 33.0m new ordinary shares
at 10p per share to raise £3.3m
06/03/2006
Press Release
The Board of Angus & Ross PLC (AGU) (“Angus & Ross” or
the “Company”) is pleased to announce that the Company
and Teather & Greenwood Limited have successfully placed 33,000,000
new ordinary shares of 1 pence each in the capital of the Company
("Shares"), at a price of 10p per Share,
with institutional investors, conditional on admission to trading
of the Shares on AIM.
Read
more >>
Black Angel – Completion of minority
stake acquisition and issue of equity
03/03/2006
Press Release
Angus & Ross PLC (the “Company”),
the AIM listed mining company with advanced exploration zinc assets
in Greenland, is pleased to announce that it has today concluded
the acquisition of the remaining 16% of Black Angel Mining
Limited (“BAM”) in respect of its offer to acquire
the minority stake in BAM as announced on 7 February 2006.
Read
more >>
Black Angel – Acquisition of Minority Stake
07/02/2006
Press Release
Angus & Ross PLC, is pleased to announce that it has received acceptances from all of the minority shareholders of Black
Angel Mining Limited (“BAM”) in respect of its offer to acquire their stake in that company. BAM will therefore become a wholly owned subsidiary of Angus & Ross PLC following completion.
Read more >>
Completion of Black Angel pre-feasibility study
12/01/2006
Press Release
Angus and Ross plc announces that mining consultancy Wardell Armstrong International (WAI) Limited has completed a pre-feasibility study of the potential of its Black Angel zinc lead project in Greenland, ahead of a planned intense drilling programme in the 2006 season. The study establishes an economic case for reopening of the mine - using current metal prices this base case indicates a commercial project with a Net Present Value of US$52M (at a 10% discount rate) and an IRR of 35%.
Read more >>
New board and consultancy appointments
12/01/2006
Press Release
Angus and Ross plc is pleased to announce the appointment of two non-executive directors to the board of the company. They are Dr Tom Elder and Mr Malcolm Swallow. Both gained extensive experience of the Black Angel mine in Greenland, when they were employees of Cominco, the original owner of the mine. .
Read more >>
