Interim Results for the 6 months ended 31 August 2008
23 October 2009
Strategic Natural Resources PLC (”SNR” or “the Company”; AIM: SNR), the developer of natural resources assets, initially in South Africa, announces its interim results for the six months ended 31 August 2008.
Highlights:
- Profit for the period of £4.1m, after tax and minority interests and one off gain of £4.3m on the sale of 26% of Elitheni Coal (Pty) Limited
- Reduced headline loss for the period, excluding one off gain, of £189,000 (2007: £314,000)
- Headline loss per share down to 0.29p (2007: 0.57p)
- Commencement of mining and extraction of saleable coal at Elitheni mine site
- Prospecting rights over 119,000 ha of land adjacent to existing prospecting area applied for
- Confirmation of a 97.2 Mt in-situ coal resource
For further information, please contact:
Strategic Natural Resources plc
David Nel, Chief Executive Officer
+27 (0) 41 374 0842
Jeremy Metcalfe, Communications Director
+44 (0)7785 346 718
Nominated Adviser and Joint Broker - Allenby Capital Limited
Nick Naylor / Alex Price / James Reeve
+44 (0) 20 3328 5656
Joint Broker - SP Angel Corporate Finance Limited
Emin Eyi / Tercel Moore
+44 (0) 207 647 9646
FTI Consulting
Ben Brewerton / Georgia Mann
+44 (0)207 831 3113