Frontier Mining Ltd Trading Statement (9808C)

TIDMFML

RNS Number : 9808C

Frontier Mining Ltd

23 January 2015

FRONTIER MINING LTD

("Frontier" or "the Company")

Operations and Corporate Update

Frontier Mining Limited (AIM:FML), the AIM listed copper production, exploration and development company focused on Kazakhstan, announces that operations at the Benkala copper mine were closed for the winter months on 18 January 2015. A total of 1,276 tonnes of copper cathode was sold in the 12 month period to 31 December 2014. Lower levels of production in the latter part of last year have meant that copper sales have been unsufficient to cover production costs.

The winter closing allows the Company, which continues to be cash constrained, to conserve capital as discussions continue with various parties to enter into a partnership agreement with Frontier for its Benkala project. During 2015, Frontier plans to restructure its existing debt facilities and secure a new investor to enable the Company to increase copper cathode production levels at Benkala.

-ENDS-

 
Frontier Mining Ltd 
Yerlan Minavar                Tel: +44 20 7898 9019 
 
Nomad 
Cairn Financial Advisers LLP 
Sandy Jamieson                Tel: +44 20 7148 7900 
 
Broker 
RFC Ambrian 
John Harrison                 Tel: +44 20 3440 6800 
 Stefan Murphy 
 
Walbrook PR and IR 
Paul Cornelius                Tel: +44 20 7933 8780 
Guy McDougall

This information is provided by RNS

The company news service from the London Stock Exchange

END

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