CGM.L Regulatory News (CGM)

30 Mar 2007 12:33

China Goldmines PLC30 March 2007 30 March 2007 China Goldmines plc China Goldmines plc listed on AIM (Code CGM) on 7 February 2006 as a gold resource company with an interest in a gold mining project in the province ofHunan China. We are pleased to announce our Interim Results for the six months to 31 December 2006. Dear Shareholder Chairman's Statement I am pleased to report interim results for the six months to 31 December 2006.This has been a very constructive period in the development of your Company,during which much encouraging progress has been made. In little under a year since listing we are very pleased to announce that sincethe commencement of our exploration activities in April 2006 the results to datefar exceed our expectations. The geological results indicate high gold gradesdemonstrating a high level of confidence that we can move to develop aprofitable operation. Further more, our initial drilling has indicated that themineralisation continues beyond our 5km strike length project. This is asignificant milestone for the Company as it will validate our Chinese JVPartner's resource calculation of one million plus ounces to a depth of only 325metres (using Chinese Resource methodology and standards). Our goal is to create a multi million ounce gold resource in our GuanzhuangProject area within the next three years. We are confident that this goal isachievable, having assembled a team with all the necessary contacts, skills andexperience, and given the fact that we are exploring in one of the mostprospective and yet under-explored regions in China. We are confident to reachour goal given the project already indicates in excess of 1.2 million ounceresource (using our Chinese Partners resource standards). The Guanzhuang GoldProject consists of eight gold mines in our project area which we aim toconsolidate and develop to a vertical depth of a minimum of 1000 metres fromsurface. We have achieved through our exploration programme within a year of listing themilestone joint venture condition to delineate 5 metric tonnes of gold resource(using Chinese resource methodology and standards). STRATEGY AND VISION Our strategy is to develop long-term gold mining operations in the HunanProvince with further growth gained from additional opportunities from ourChinese JV Partners and contacts, due to the operational location in China, andwith a dynamic and proven management team working and residing in China. Clive DonnerChairman Dated: 29 March 2007 For further information: Jamie Cumming, Bell Lawrie +44 141 314 8103 Alan Stewart, Bell Lawrie +44 141 221 7733 Frank Vanspeybroeck, CEO, China Goldmines plc +86 731 515 8211 CHIEF EXECUTIVE'S STATEMENT PROJECT OVERVIEW The Guanzhuang Gold Project comprises two main prospects being the ShenjiayaProspect and Xiaotaoyuan Prospect. Of these, the Shenjiaya Prospect isconsidered the most prospective and is the larger of the two. We believe that the regional infrastructure is conducive to the establishment ofmining operations. The Guanzhuang Project area is serviced by the sealedHighway 319 and has access to power and water. This area has a mining cultureand associated support industry is available. The existing Woxi Mine operation,for example, is approximately 15 km to the southwest of our project area and iscurrently mining to the depth of 1200 metres. The Guanzhuang area has asubstantial workforce of skilled underground miners. The Shenjiaya project area has eight small operating gold mines with Shenjiaya,Zhengjiashan, Baomuyuan, Desheng, Xiaochongzi, the Jinzhuwan and Xianglu whichare all currently producing. The Xiaotaoyuan Prospect, approximately 5 km to the north of the ShenjiayaProspect, has a history of local mining over shear-vein structures which weconsider prospective targets for further exploration. FINANCIAL HIGHLIGHTS The financial highlights for the 6 months to 31 December 2006 are as follows:- • The company continues to adopt the US dollar as the currency presenting the results of the group. • In accordance with the Joint Venture Agreement at 31 December 2006, the Group had an 80% interest in Hunan Westralian Mining Co. Ltd. • Cash and short-term investments stood at US$4.9 million - (30 June 2006 US$6.2 million). • Loss for the 6 month period of (US$775,716) - (Year ended 30 June 2006 US$675,735). EXPLORATION ACTIVITIES China Goldmines plc has continued exploration on the Guanzhuang Gold Project, inaccordance with the JV contract and related miners agreements. The explorationresults below highlight the attractiveness of the project under the agreementsand arrangements. The program includes the commencement of surface diamonddrilling, continued surveys and underground channel sampling of all accessibleunderground mine workings, monitoring the grade of 'Run of Mine Ore, mill feedfrom the current producing mines and continue reconnaissance surface geologicalmapping to validate portions of previous geological mapping. Updated underground surveys of all the accessible underground mine workings inthe Guanzhuang Gold Project have been completed. Their accurate surveyedpositions will allow for accurate positioning of future surface drill holeinterception points both lateral to and below these mine workings for ongoingresource definition. Additional underground channel sampling of the quartz veins in the lower levelsof the Shenjiaya, Zhengjiashan, Baomuyuan, Jinzhuwan and Xianglu has beenundertaken. All samples are now assayed by the acid digest AA finishmethodology, by the accredited Hunan Institute of Mineral Resources Laboratorylocated in Changsha. These values continue to support and confirm previous highgold values from underground sampling conducted at Shenjiaya and Zhengjiashan byBrigade 407. Significant assay values for Shenjiaya, Baomuyuan, Xiaochongzi,Zhengjiashan, Jinzhuwan and Xianglu are tabulated below. Shenjiaya Baomuyuan Xiaochongzi Underground Assays at 355m below Surface Grade Sample (g/t Au) Width(m) 10.8 2.16 11.8 2.35 40.8 1.9 Zhengjiashan Underground Assays at 315m below Surface Assay Sample Width(m) (g/t Au) 13.1 1.7 Xianglu Underground Assays at 150m below Surface Assay Sample Width(m) (g/t Au) 29.3 1.37 20.7 1.33 Jinzhuwan Underground Assays at 150m below Surface Assay (g/t Au) Sample Width(m) 62.0 1.60 28.3 0.90 38.8 0.75 108.0 0.80 130.0 0.70 70.0 0.60 A second phase surface of mill feed sampling, Run of Mine Ore (ROM), for thecurrent producing mines was completed also. There was no change to the programmethodology, the collection of a daily bulk composite sample obtained by thecollection of two standard shovel loads of minus 5mm diameter sized materialfrom each ore wagon. The composite sample was then reduced by conventional coneand quarter method to produce a 2 kg sample for assay. Assays were done at theWoxi Mine laboratory, by the fire assay method. They show a wide range ofvalues. Examination of the sampled material shows that there is a dilutionfactor, i.e. the presence of wall rock material is a function of blasting, thuscausing some of the lower grade values. Furthermore none of these miningoperations practice grade control procedures. Once China Goldmines assumesmanagement of the mine it will address dilution issues. The results of this second phase of sampling are tabulated below. Mine No. of Dates Sample Ave. Sample Period Samples Sampled Range g/t Au GradeShenjiaya Stage 2 (29 days) 29 16/4/06 to 31/4/06 0.5 - 29.8 5.02Baomuyuan Stage 2 (23 days) 23 17/4/06 to 8/5/06 0.5 - 77.0 10.11Zhengjiashan Stage 2 (28 days) 28 20/4/06 to 8/5/06 0.5 - 20.5 8.77 Surface diamond drilling has commenced. To date fifteen (15) holes, totalling5,974 metres, have been completed. Two (2) holes are in progress and 6,000additional metres of drilling is currently being planned. This drilling has intersected gold mineralisation from 300m of strike lengtheast of Xianglu Mines based on four (4) holes drilled. Two drill holes haveintersected mineralisation below the Zhengjiashan Mine workings. Updated resultsof this drilling are tabulated below. Significant intercepts greater than 1 g/t Au are tabulated below: Hole ID Dip Azi Total From (m) To (m) Length (m) Au (g/t) Depth m ZK03 -75 170 386.0 273.71 275.33 2.02 3.63 degrees degrees 275.73 276.86 1.13 3.37 276.86 278.86 2.00 0.32 278.86 280.61 1.75 8.25 280.61 282.31 1.70 2.94 282.31 283.83 1.52 2.31 283.83 285.51 1.68 1.38 285.51 286.89 1.38 12.07 286.89 287.96 1.07 3.63 287.96 289.51 1.55 1.06 289.51 291.01 1.50 68.75 291.01 292.61 1.60 0.50 292.61 293.71 1.10 0.80 293.71 294.71 1.00 7.75 294.71 296.36 1.65 3.38 296.36 297.67 1.31 5.50 297.67 299.30 1.63 3.18 299.30 300.78 1.48 1.38 300.78 302.81 2.03 1.00 302.81 304.81 2.00 1.00 304.81 305.96 1.15 48.45 305.96 307.59 1.63 2.17 307.59 309.35 1.76 1.80 309.35 310.85 1.50 2.00 310.85 312.32 1.47 6.70 312.32 313.74 1.42 2.00 315.46 317.06 1.60 1.63 318.86 320.76 1.90 1.00 320.26 322.55 1.79 1.87 324.22 325.89 1.67 1.00 327.45 329.02 1.57 1.87 ZK601 -75 170 386.0 250.25 252.24 1.99 3.62 degrees degrees 252.24 253.32 1.08 2.20 253.77 255.73 1.96 2.04 258.35 260.37 2.02 3.03 260.37 261.24 0.87 1.36 261.24 262.40 1.16 1.06 262.40 263.53 1.13 2.73 263.53 265.33 1.80 1.97 265.33 266.43 1.10 1.67 282.25 284.10 1.85 2.73 284.10 286.40 2.30 15.45 313.67 314.76 1.09 3.62 326.11 327.70 1.59 1.38 328.66 330.00 1.34 2.76 330.00 331.16 1.16 1.04 ZK4501 -75 170 413.0 229.15 230.30 1.15 3.24 degrees degrees 230.80 232.20 1.40 3.09 232.20 234.31 2.11 2.94 279.27 279.97 0.70 9.64 279.97 282.01 2.04 1.07 ZK1001 -75 170 464.0 158.83 160.28 1.45 17.86 degrees degrees 337.40 338.51 1.11 16.60 338.51 339.51 1.00 3.50 357.01 358.23 1.22 1.38 358.23 359.13 0.90 1.50 360.93 362.33 1.40 46.90 362.33 363.58 1.25 6.60 363.58 364.83 1.25 2.00 367.38 368.58 1.20 9.10 • Mineralised widths reported on down hole basis, true width not yet established. • Mineralised intervals calculated on the basis of a lower cut-off of 1.0 g/t Au, minimum mineralised interval of 0.5m. • All samples are assayed by the acid digest AA finish methodology by the accredited Hunan Institute of Mineral Resources Laboratory located in Changsha. FUTURE OUTLOOK China Goldmines has successfully completed Phase 1 of its Joint Venturecontract, ahead of its planned scheduled timetable. The Company is now entering into Phase 2 whereby it will conduct a feasibilitystudy covering preliminary mine planning, compensation and production costestimates, as a pre-curser to the potential development of a commercialoperating mine. Frank VanspeybroeckChief Executive Officer29th March 2007 CONSOLIDATED INCOME STATEMENTS 6 Months ended 31 6 Months ended 25 Year ended Note December 2006 March 2006 30 June 2006 (unaudited) (unaudited) (audited) US$ US$ US$ CONTINUING OPERATIONS Salaries and employee benefits expense (219,010) - (199,589)Office expenses and professional fees (451,180) (278,490) (391,716)Consulting expenses (458,837) - (194,342)Travel and accommodation expenses (158,911) - (119,255)Other expenses (33,155) - (70,026)Share of joint venture losses - (16,257) - (1,321,093) (294,747) (974,928) OPERATING LOSS 437,443 - 201,334 Other gains and losses - foreign exchange gainsFinance revenue 107,934 27,747 97,859 (775,716) (267,000) (675,735) LOSS BEFORE TAX - - - Tax 4 LOSS FOR THE PERIOD (775,716) (267,000) (675,735) Attributable to: Equity holders of the parent 5 (744,766) (267,000) (657,448) Minority interest (30,950) - (18,287) (775,716) (267,000) (675,735) Basic and diluted loss per share (cents) (3.3) (1.7) (4.0) CONSOLIDATED STATEMENTS OF RECOGNISED INCOME AND EXPENSE 6 Months ended 31 6 Months ended 25 Year ended December 2006 March 2006 30 June 2006 (unaudited) (unaudited) (audited) US$ US$ US$ LOSS FOR THE PERIOD (775,716) (267,000) (675,735) Exchange differences on translation of foreign (44,847) - 17,060operationsTOTAL RECOGNISED INCOME AND EXPENSE FOR THE PERIOD (820,563) (267,000) (658,675) Attributable to: Equity holders of the parent (789,613) (267,000) (640,388) Minority interest (30,950) - (18,287) (820,563) (267,000) (658,675) CONSOLIDATED BALANCE SHEETS 31 December 2006 25 March 2006 30 June 2006 (unaudited) (unaudited) (audited) Note US$ US$ US$ NON-CURRENT ASSETSIntangible assets 1,039,240 - 587,551Property, plant and equipment 215,081 22,856 108,583Joint venture investment - 781,081 -Investment in unquoted equity 133,615 - -TOTAL NON-CURRENT ASSETS 1,387,936 803,937 696,134 CURRENT ASSETSTrade and other receivables 53,445 151,777 182,754Cash and cash equivalents 4,882,283 6,143,482 6,197,074TOTAL CURRENT ASSETS 4,935,728 6,295,259 6,379,828TOTAL ASSETS 6,323,664 7,099,196 7,075,962 CURRENT LIABILITIESTrade and other payables (406,490) (193,610) (339,093)TOTAL CURRENT LIABILITIES (406,490) (193,610) (339,093)TOTAL LIABILITIES (406,490) (193,610) (339,093)NET ASSETS 5,917,174 6,905,586 6,736,869 EQUITYShare capital 7 390,151 390,151 390,151Share premium account 6,725,683 6,725,683 6,725,683Foreign exchange reserve (27,787) - 17,060Other reserves 61,344 61,344 61,344Retained earnings (1,406,806) (271,592) (662,040)EQUITY ATTRIBUTABLE TO EQUITY HOLDERS OF THE PARENT 5,742,585 6,905,586 6,532,198Minority interest 174,589 - 204,671TOTAL EQUITY 5,917,174 6,905,586 6,736,869 CONSOLIDATED CASH FLOW STATEMENTS Note 6 Months ended 6 Months ended 25 Year ended 31 December 2006 March 2006 30 June 2006 (unaudited) (unaudited) (audited) US$ US$ US$ NET CASH USED IN OPERATING ACTIVITIES 8 (1,068,856) (267,213) (865,677) INVESTING ACTIVITIESPurchase of unquoted equity investment (133,615) - -Purchase of joint venture investment - (558,469) -Purchase of property, plant and equipment (132,465) (25,193) (33,989)Costs incurred in exploration expenditure (455,134) - -Acquisition of subsidiary - - (186,123)Interest received 107,934 27,747 97,859Net cash used in investing activities (613,280) (555,915) (122,253) FINANCING ACTIVITIESProceeds on issue of shares - 6,920,610 6,920,610Net cash from financing activities - 6,920,610 6,920,610 Net (decrease)/increase in cash and cash (1,682,136) 6,097,482 5,932,680equivalents Cash and cash equivalents at the beginning of theperiod 6,197,074 46,000 46,000Movement in foreign exchange rate 367,345 - 218,394 CASH AND CASH EQUIVALENTS AT THE END OF THE 4,882,283 6,143,482 6,197,074PERIOD NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS NOTE 1: GENERAL INFORMATION The information for the year ended 30 June 2006 does not constitute statutoryaccounts as defined in section 240 of the Companies Act 1985. A copy of theaccounts for that year has been delivered to the Registrar of Companies. Theauditors' report on those accounts was not qualified and did not containstatements under section 237(2) or (3) of the Companies Act 1985. NOTE 2: ACCOUNTING POLICIES The interim financial report has been prepared in accordance with InternationalFinancial Reporting Standards (IFRSs) with the exception of IAS34 which is notmandatory for UK Groups. The same accounting policies and methods of computation are followed in thisinterim financial report as published in the annual financial report dated 4December 2006 which is available on the company's website onwww.chinagoldmines.com. The Group does not expect any significant changes in accounting policies in the30 June 2007 financial statements. NOTE 3: SEGMENT INFORMATION All of the reported revenue and operational results for the period derive fromthe Group's continuing gold mine exploration and mining operations. NOTE 4: TAXATION No liability to tax is expected to arise during the year ending 30 June 2007. NOTE 5: LOSS PER SHARE The calculation of the loss per share is based on the following data: 6 Months ended 6 Months ended Year ended 31 December 2006 25 March 2006 30 June 2006 (unaudited) (unaudited) (audited) US$ US$ US$LossLoss used in calculating basic and diluted loss per (744,766) (267,000) (657,448)share for the period attributable to the equityholders of the parent Number of sharesWeighted averge number of ordinary shares for the 22,549,995 15,644,842 16,495,882purpose of basic and diluted loss per share The above figures are not affected by any dilutive share options as no shareoptions have been issued in the period. NOTE 6: DIVIDENDS No dividends were declared in the period. NOTE 7: ISSUED CAPITAL Prior Period On 23 November 2005 the 1 issued ordinary share, and 99 unissued ordinary shareswere subdivided into ordinary shares of £0.01 ($0.02). The share capital of thecompany was increased from £100 ($176) to £200,000 ($356,000) creating19,990,000 new ordinary shares of £0.01 ($0.02) each ranking pari passu in allrespects with the existing shares. On 23 November 2005 a rights issue was made issuing 2,333,233 ordinary shares of£0.01 ($0.02) each to the company's shareholder and director K E Watkin forconsideration at par of £23,332 ($41,531). K E Watkin on the same daytransferred 333,333 ordinary shares to each of A D Worrall and L Browne, bothfellow directors. On 24 November 2005 convertible unsecured loan stock was approved by the companyand loan stock was issued on 28 November 2005 to various parties amounting to£400,000 ($712,000). This stock was converted in line with the terms of theinstrument on 30 November 2005 with one share issued for every £0.30 ($0.53)paid over in loan stock. This amounted to 1,333,323 additional shares of £0.01($0.02) issued. On 28 November 2005, China Goldmines plc (CGM) issued 11,383,339 shares inexchange for 34,150,010 shares in Global Resource Ventures Limited (GRV), beingthe entire share capital of GRV. On 12 December 2005 China Goldmines Limited was reregistered as a public limitedcompany. On 30 January 2006, conditional upon admission to the Alternative InvestmentMarket, the share capital of the company was reorganised, with the authorisedshare capital of the company being increased to £240,000 by the creation of anadditional 4,000,000 shares of £0.01 ($0.02) each. On 7 February 2006, 7,500,000 shares of £0.01 ($0.02) each were placed at apremium of £0.59 ($1.04) each. NOTE 8: NOTES TO THE CASH FLOW STATEMENT 6 Months ended 6 Months ended Year ended 31 December 2006 25 March 2006 30 June 2006 (unaudited) (unaudited) (audited) US$ US$ US$ Operating loss from continuing operations (1,321,093) (294,747) (974,928) Adjustments for:Depreciation of property, plant and equipment 23,998 2,337 9,806Amortisation of business licences 15,000Share of joint venture losses - 16,257 - (1,282,095) (276,153) (965,122) Operating cash flows before movements in workingcapital Decrease/(increase) in receivables 146,234 (147,121) (166,517)Increase in payables 67,005 156,061 265,962 Net cash from operations (1,068,856) (267,213) (865,677) Cash and cash equivalents (which are presented on the face of the balance sheet)comprise cash at bank and other short-term highly liquid investments with amaturity of three months or less. NOTE 9: BUSINESS COMBINATIONS Prior Period On 28 November 2005, China Goldmines plc (CGM) issued 11,383,339 shares inexchange for 34,150,010 shares in Global Resource Ventures Limited (GRV), beingthe entire share capital of GRV. On the same date, five directors of GRV who,through their own shareholdings or interests, controlled GRV became directors ofCGM. The newly issued shares in CGM represented an 82.99 per cent holding, and thusthe former shareholders of GRV owned the majority of shares, and controlled themajority of votes, in the combined entity, together with making up the majorityof the management of the combined entity. Therefore, under InternationalFinancial Reporting Standard 3, this share-for-share exchange fulfilled thecriteria of a reverse acquisition. Accordingly, this interim report prepared in the name of the legal parent, CGM,reflects the accounts of GRV, which was the acquirer for accounting purposes inthe circumstances above. NOTE 10: CONTINGENCIES There has been no change in contingent liabilities or contingent assets sincethe last annual reporting date. NOTE 11: SUBSEQUENT EVENTS No matter or circumstance has arisen since 31 December 2006, which hassignificantly affected, or may significantly affect the operations of the group,the result of those operations, or the state of affairs of the group insubsequent financial years. INDEPENDENT REVIEW REPORT TO CHINA GOLDMINES PLC Introduction We have been instructed by the company to review the financial information forthe six months ended 31 December 2006 which comprises the Consolidated IncomeStatements, the Consolidated Statements of Recognised Income and Expense, theConsolidated Balance Sheets, the Consolidated Cash Flow Statements, and relatednotes 1 to 11. We have read the other information contained in the interimreport and considered whether it contains any apparent misstatements or materialinconsistencies with the financial information. This report is made solely to the company, in accordance with Bulletin 1999/4issued by the Auditing Practices Board. Our work has been undertaken so that wemight state to the company those matters we are required to state to them in anindependent review report and for no other purpose. To the fullest extentpermitted by law, we do not accept or assume responsibility to anyone other thanthe company, for our review work, for this report, or for the conclusions wehave formed. Directors' responsibilities The interim report, including the financial information contained therein, isthe responsibility of, and has been approved by, the directors. The directorsare also responsible for ensuring that the accounting policies and presentationapplied to the interim figures are consistent with those applied in preparingthe preceding annual accounts except where any changes, and the reasons forthem, are disclosed. Review work performed We conducted our review in accordance with the guidance contained in Bulletin1999/4 issued by the Auditing Practices Board for use in the United Kingdom. Areview consists principally of making enquiries of group management and applyinganalytical procedures to the financial information and underlying financial dataand, based thereon, assessing whether the accounting policies and presentationhave been consistently applied unless otherwise disclosed. A review excludesaudit procedures such as tests of controls and verification of assets,liabilities and transactions. It is substantially less in scope than an auditperformed in accordance with International Standards on Auditing (UK andIreland) and therefore provides a lower level of assurance than an audit.Accordingly, we do not express an audit opinion on the financial information. Review conclusion On the basis of our review we are not aware of any material modifications thatshould be made to the financial information as presented for the six monthsended 31 December 2006. Deloitte & Touche LLPChartered AccountantsNewcastle30 March 2007 Notes: A review does not provide assurance on the maintenance and integrity ofthe website, including controls used to achieve this, and in particular onwhether any changes may have occurred to the financial information since firstpublished. These matters are the responsibility of the directors but no controlprocedures can provide absolute assurance in this area. Legislation in the United Kingdom governing the preparation and dissemination offinancial information differs from legislation in other jurisdictions. CORPORATE DIRECTORY DIRECTORSCLIVE DONNER (NON-EXECUTIVE CHAIRMAN)FRANK VANSPEYBROECK (CHIEF EXECUTIVE)MARINKO VIDOVICH (FINANCE DIRECTOR)LANCE BROWNE CBE (NON-EXECUTIVE DIRECTOR)ALEX WORRALL (NON-EXECUTIVE DIRECTOR)KARL WATKIN MBE (NON-EXECUTIVE DIRECTOR)EVAN KIRBY (NON-EXECUTIVE DIRECTOR) COMPANY SECRETARYALEX WORRALL REGISTERED OFFICESANDGATE HOUSE102 QUAYSIDENEWCASTLE-UPON-TYNENE1 3DX CHANGSHA OFFICE:ROOM 304SOUTH JIASHENG-AOMEICHENG BUILDING262 WEST LAODONG ROADCHANGSHAH UNAN PRC 410015T EL: +86 731 515 8211F AX: +86 731 512 9211 GUANZHUANG OFFICE: ROOM 302, UNIT 3, BUILDING 1 JINSHANXIAOQU BUILDING GUANZHUANG TOWN YUANLING COUNTY HUNAN PROVINCE 419607 PR OF CHINA TEL: +86 745 464 3191 FAX: +86 745 464 3192PERTH OPERATIONS OFFICE:1ST FLOOR24 OUTRAM STREETWEST PERTH WA 6005AUSTRALIA NOMINATED ADVISER AND BROKER:BELL LAWRIE(A DIVISION OF BREWIN DOLPHIN SECURITIES LIMITED)48 ST VINCENT STREETGLASGOWG2 5TS AUDITORS AND REPORTING ACCOUNTANTS:DELOITTE & TOUCHE LLPGAINSBOROUGH HOUSE34-40 GREY STREETNEWCASTLE-UPON-TYNENE1 6AE AUDITORS OF SUBSIDIARIES IN AUSTRALIA:ROTHSAY CHARTERED ACCOUNTANTSLEVEL 1, 21 BARRACK STREETSYDNEY NSW 2000AUSTRALIA SOLICITORS TO THE COMPANY:WARD HADAWAYSANDGATE HOUSE102 QUAYSIDENEWCASTLE-UPON-TYNENE1 3DX REGISTRARS:COMPUTERSHARE INVESTOR SERVICES PLCCORPORATE ACTIONSPO BOX 859THE PAVILLIONSBRIDGWATER ROADBRISTOLBS99 1XZ This information is provided by RNS The company news service from the London Stock Exchange