TIDMAR. 
 
RNS Number : 7394H 
Archipelago Resources PLC 
01 March 2010 
 

 
                                  ANNOUNCEMENT 
 
                          ARCHIPELAGO  RESOURCES  PLC 
 
 
                                     EXPIRY 
                                       of 
                                  BANK MANDATE 
                                    following 
                                EQUITY RAISING 
                                      for 
                          TOKA  TINDUNG  GOLD  PROJECT 
 
 
Archipelago Resources Plc ("Archipelago" or "the Company") advises that the 
mandate entered into with a group of prospective loan providers as announced on 
5th January 2010, expired on 28th February thereby releasing the Company from 
any obligations to proceed with the proposed facility including hedging by way 
of the purchase of expensive put options. 
 
On 26th February 2010 the Company announced the completion of a successful 
placing to shareholders and institutional investors, raising equity funding of 
GBP30m towards the cost of construction of the Company's 85% owned Toka Tindung 
Gold Project in North Sulawesi, Indonesia, together with plans for raising the 
balance of the construction costs in due course. 
 
The Company remains debt free and as a result of the equity raising is in a 
strong position going forward. 
 
The Toka Tindung Gold Project has a resource of 1.75M ozs of gold equivalent, of 
which at least 1.1M ozs will initially be mineable by open pit.  When in 
operation, the Project will produce at an average annualised production rate of 
160,000 ounces of gold equivalent per annum for at least 6 years together with 
an additional 2 years processing lower grade stockpiles.  The Company's pits are 
currently designed at a very conservative US$600/oz gold price and as a result 
the Company is confident that with further exploration and sustained gold prices 
it will be able to substantially extend the life of the Project. 
 
Archipelago is a mining company listed on the AIM market of the London Stock 
Exchange.  The Company's principal activities are gold mining and exploration in 
Indonesia (as 85% owner of the Toka Tindung Gold Project in Sulawesi), Vietnam 
(as majority party in the Pac Lang and Cam Thuy/Ba Thuoc joint ventures with 
VINACOMIN a Vietnamese Government mining company) and the Philippines (as option 
holder over a 100% interest in the Corplex tenements). 
 
 
 
 
Further Info:          Colin Loosemore, Managing Director, Archipelago Resources 
Plc. 
                                Tel:         00-618-9364-8301 
 
                                Shaun Whyte / Richard Swindells, Ambrian 
Partners Ltd 
                                Tel:         020-7634-4700 
 
                                Ron Marshman / John Greenhalgh, Lothbury 
Financial 
                                Tel:         020-7011-9411 
 
                                Gerry Beaney / Fiona Kindness, Grant Thornton 
Corporate Finance 
                                Tel:         020 7383 5100 
 
 
                        www.archipelagoresources.com.au 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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