Total voting rights
November 03 2008 - 6:06AM
UK Regulatory
Total voting rights
AIM
Release
3 November 2008
Minerva Resources Plc (AIM:MVA)
('Minerva Resources' or 'the Company')
Total Voting Rights
For the purposes of the transitional provisions of the Financial
Services Authority's Disclosure and Transparency Rules, the Company's
total issued share capital at the date of this notice is 154,595,548
The Company's issued share capital consists of 154,595,548 ordinary
shares of 2.5p each, with one voting right per share. There are no
shares held in treasury.
The total number of voting rights in the Company is therefore
154,595,548
The above figure of 154,595,548 may be used by shareholders as the
denominator for the calculations by which they will determine if they
are required to notify their interest in, or a change to their
interest in, the Company, under the Disclosure and Transparency
Rules.
END
For further information please contact:
Terry Ward
Minerva Resources plc
Tel: +44 (0)20 73795012 / (0) 7989571576
terry.ward@minervaresources.com
web: www.minervaresources.com
Nick Rome
Bishopgate Communications Ltd
Tel: +44 (0)20 75623366
nick.rome@bishopsgatecommunications.com
James Joyce
W. H. Ireland
Tel: +44 (0)20 72201666
james.joyce@wh-ireland.co.uk
Notes to Editors
Minerva Resources plc is a UK based mineral exploration and
development company quoted on London's Alternative Investment Market
(AIM:MVA). The Company is intent on delivering shareholder value by
increasing and developing its mineral resources in a socially and
environmentally responsible manner.
The main focus is resource development in Ethiopia where the Company
has first-mover advantage on prospective ground on the Arabian-Nubian
shield. Key projects include the gold resources at the Tulu Kapi
Project, the Gudeya-Guji, Guji and Dina Prospects and the Yubdo
Platinum Mine, located in western Ethiopia, some 560km west of Addis
Ababa.
Tulu Kapi was mined in the 1930s by an Italian company. In the 1970s,
the United Nations Development Programme (UNDP) mapped and drilled
Tulu Kapi. Tan Range Exploration carried out soil sampling and
further mapping and drilling in the 1990s. These two phases of work
confirmed mineralisation extending over a strike length of 1.5km. The
project is undergoing resource drilling on a 600m section at present,
after encouraging Minerva Resources ground mapping, data
reinterpretation and excellent scout drilling results.
Scout drilling programmes have been undertaken at the Gudeya-Guji and
Guji gold prospects and one is underway at the Dina gold prospect,
which are located in close proximity to Tulu Kapi. The drilling has
shown mineralised intersections on all three prospects.
The results from the drilling on Tulu Kapi and the satellite
prospects and their close proximity point towards a new gold province
with the potential for the establishment of a 'one treatment plant -
multiple feed scenario'.
The Company is examining the potential to expand the small scale
platinum production operations at Yubdo, some 25km from the Tulu Kapi
Project. A pilot gravity recovery plant has been installed, a
metallurgical research programme has been initiated and further
exploration activities have commenced on the 9km by 1.5km surface
expression of the orebody.
Minerva Resources also has a presence in Central Asia, operating a
Technical Services Division undertaking contract drilling and the
provision of geological services from the Kyrgyz Republic.
In Sierra Leone, the Company holds gold, platinum and diamond
exploration licences, which will for the most part continue to be
developed by existing Joint Venture partners.
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