Welcome to Cambridge Mineral Resources
Cambridge Mineral Resources Plc is a junior mining exploration and development company founded in 1992. Our main focus is the Iberian Pyrite Belt in southern Spain where we are investigating the Masa Valverde copper-zinc deposit near Huelva in conjunction with a major mining and commodity trading group. We are also evaluating a number of other mining projects in Andalucia.
The Chairman's Blog
Chairman's blog 14 July 2014
Progress at Masa Valverde proceeds under the management control of our Joint Venture partners, Glencore Xstrata. Current activities include geophysical surveying ahead of the drilling programme due to commence in September.
In June we, together with EMED (Rio Tinto mine) and Matsa (Aguas Tenidas mine), presented our plans to the local communities in Beas in an important event hosted by the Ministry of Economy and the mayor. With these communities providing personnel, goods and services to each of us we felt it was important as part of our social responsibility policies to present our plans for information and discussion. The media coverage of this is available on our website.
We are also in the process of identifying suitable drilling contractors for work on our Romerita concession, which is fully controlled by your company through our Spanish subsidiary Andalucia British Mining Corporation. The company continues to progress this and other concessions held under option in Andalucia, with the key support of our local mining advisors and ably co-ordinated by Jose Navalon. As ever, the pace of progress is not wholly within our control but we are hopeful our proposed scout drilling programme on Romerita will be approved, and will commence very soon. The results of this programme will be a key influence on the future options for, and roadmap of the business.
This timetable leads me to be cautious with regard to the timing of any potential re-float of the company. Flotation absolutely remains the ambition and focus of the board, but we are professionally advised to be patient to optimise our potential. We are on track, and further progress on the ground will stand us in good stead; as a result our time horizons are extended beyond this autumn.
There are more developments that your board are driving through, and I strongly suggest that shareholders and other interested parties continue to visit company website, where I will post further updates on the Chairman’s Blog.
Lastly I am pleased say that our accounts for year ending 2014 were submitted on time and are unqualified, which is a giant step forward. May I thank the team and our advisors for all the hard work put in to achieve this. As a result we plan to hold this year’s AGM in Limehouse, London E14 as early as September, and I will advise you further via my blog as soon as possible. We look forward to meeting those of you who can attend and to fully updating you on our progress and plans.
Cambridge Mineral Resources plc
14 July 2014