Welcome to Carnegie Minerals Plc



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Carnegie Minerals Plc is an international company quoted on the London Stock Exchange (AIM market code CME, warrant code CMW). The Company was established to develop the SeneGambia Mineral Sands Project and participate in new resource opportunities worldwide.

The SeneGambia Mineral Sands project is a cross border project extending along the coastlines of The Gambia & southern Senegal. It will produce zircon / rutile concentrate for sale at the mine gate. Carnegies 50 / 50 project partner and offtake partner, Astron Ltd then ship the concentrates (bulk in containers) to China for final processing. Washed sand by product is also planned to be sold into the local construction industry. The project is in the construction phase, with first significant concentrate shipments scheduled for the first quarter of 2007.

Carnegies Directors and executive team have considerable experience in acquiring and developing resource projects around the world. This includes extensive Africa experience and operations involving precious metals, precious stones, industrial minerals as well as oil & gas. Their far reaching international network of relationships with individuals, companies and Governments provides a platform for future growth opportunities.



http://www.carnegiemins.com/home.php

http://www.carnegiecorp.com.au/home.php

Carnegie(corp) develops clean energy technologies such as the recently acquired Cleaner Coal Power technology. This follows on from the successful Wave Energy and Pursuit Drive developments.
Carnegie is currently conducting due diligence on a number of revenue-producing clean energy projects globally.

Two good sites with lots if information and photographs : )

Interim results for the period ended 30 June 2006


The Company announces its unaudited interim results for the period from
incorporation, 3 February 2006, to 30 June 2006.

Alan Burns, Chairman, said:

'The interim financial statements to 30 June 2006 show little change from those
included in the document published prior to our admission to AIM. I am pleased
to be able to report that, since then, we have successfully placed 25 million
shares at 8p per share, raising 2 million before issue expenses and that the
start of trading on AIM saw our shares open at a healthy premium to the issue
price.'
'The Company's two projects, in The Gambia and in Senegal, are proceeding in
line with our plans and the first delivery of zircon from Gambia has taken place
ahead of schedule. As has already been announced, we have decided to prepare our
financial reports on a calendar year basis and accordingly our first audited
results will be for the period to 31 December 2006.'

Well done on the thread, looks interesting i'll put it on my watch list, good luck.

Demerger of Technology and Mineral Sands Activities
Carnegie Corporation's board and management team have been working towards a planned demerger of Carnegie's mineral sands assets from its innovation and technology activities in order to realize greater value from both businesses for shareholders.
The Company has commenced preparations for a listing of its mineral sands interests on the UK's AIM Market. This has involved the appointment of London based Broker and Nominated Adviser Corporate Synergy plc to assist with the listing and to raise 3.5 million to fund future development of these and new projects.
Expectations are that the demerger will be completed in 2006.

Demerger, the two new sites now on header, worth looking at !! : )

Carnegie Minerals plc
18 December 2006



Carnegie Minerals plc - Voting rights and capital



In conformity with the Transparency Directive's transitional provision 6 we
would like to notify the market of the following:

Carnegie Minerals plc's capital consists of 55,000,000 ordinary shares
with voting rights
Carnegie Minerals plc does not hold any ordinary shares in Treasury


Therefore, the total number of voting rights in Carnegie Minerals plc is
55,000,000.


The above figure (55,000,000) 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, Carnegie Minerals plc under
the FSA's Disclosure and Transparency Rules.


This information is provided by RNS
The company news service from the London Stock Exchange

Carnegie Minerals plc
22 January 2007




22 January 2007


Carnegie Minerals Plc ('Carnegie')


Carnegie contracts Wallis Drilling for drill programme in Senegal


Carnegie Minerals (CME), the Mineral Sands resources company with production
interests in The Gambia and an exploration permit in adjoining Senegal, is
pleased to announce that it has contracted the Australian company Wallis
Drilling, to undertake a substantial drilling programme on its Senegalese
assets.


Highlights:


A minimum of 8,000 line metres of air core drilling in the Casamance
province of Senegal.


Drilling will test the numerous targets generated by the high resolution,
low level airborne geophysical survey flown over the entire Senegal licence
area in late 2006, which adjoin the Company's mineral sands production
assets in The Gambia.


Programme expected to commence in March 2007.


The airborne geophysical programme identified numerous linear and curvilinear
magnetic features interpreted by specialised data processing as well as some
correlating radiometric features. Such geophysical anomalies can be associated
with buried strandline and surface dune accumulations of heavy minerals that
include some magnetic as well as thorium/uranium containing minerals. This is
the first time such modern exploration techniques have been applied to this
area.


The drilling programme seeks extensions of the mineral sands deposit already
discovered in the northern portion of the licence area at Niafarang where infill
drilling was completed in December 2006. The Niafarang drilling samples have now
been received at independent Perth laboratories for assaying and CME expect the
Niafarang computer modelling and resource estimate to be available in April
2007.


Alan Hopkins, MD of Carnegie said:


'The results from the geophysical airborne survey were extremely encouraging and
we are very pleased to have signed up a drilling contractor on schedule.


'We are on track with the testing of these large mineral sands targets in
Senegal which lie to the south of our mining operations in The Gambia and within
a very short time we should be able to advise the market on the extent and
nature of this mineral sands province.'



- Ends -


For further information, call:

Alan Hopkins, Managing Director, Carnegie Minerals Plc 020 7831 3113
John Prior, Romil Patel Corporate Synergy Plc 020 7448 4414
Billy Clegg/Edward Westropp, Financial Dynamics 020 7831 3113

Carnegie Minerals plc
20 February 2007



20th February 2007




Carnegie Minerals Plc ('Carnegie' or 'the Company')

Gambia Update - Agreement for Immediate Sales


Highlights


Interim agreement to buy combined HMC effective immediately

Targeting 50,000 to 70,000 tonnes of combined HMC for delivery to end
of June at a projected average price of USD 50/tonne for combined HMC


Carnegie Minerals Plc (CME), the mineral sands resources company with production
interests in The Gambia and an advanced exploration programme in adjoining
Senegal, is pleased to announce that it has entered into an interim agreement
with Yingkou Astron Chemical Co Ltd to supply combined heavy mineral concentrate
(HMC) effective immediately. This provides the company with immediate cash flow
from operations while construction of the concentrate upgrade plant awaits
completion and shipment from China.


The delivery of the combined HMC (i.e. gravity concentrates from the spiral
plants) is effective immediately and will continue until the wet season
commences mid year. The concentrate upgrade plant is scheduled to be
commissioned by the end of the wet season (c. October), where after the project
can deliver magnetically separated concentrate under existing offtake
agreements.


Alan Hopkins, Managing Director of Carnegie commented:



'We are very pleased with these arrangements as they facilitate timely shipment
of product & generate early cash flow from our Gambian operations.



With 3 of our 4 dredges already commissioned and operational, we are steadily
ramping up production levels and are on track to achieve our year one production
targets'.



- Ends -



For further information, call:


Alan Hopkins, Managing Director, Carnegie Minerals Plc Tel: 020 7831 3113
John Prior, Romil Patel Corporate Synergy Plc Tel: 020 7448 4414
Billy Clegg/Edward Westropp, Financial Dynamics Tel: 020 7831 3113



Notes to editors:



Carnegie only listed on AIM in August 2006 and in addition to the emerging
production in The Gambia; it recently signed a drill contractor to undertake a
significant exploration programme in adjoining southern Senegal commencing next
month. It has already drilled the first Niafarang prospect in southern Senegal
and expects a resource estimate to be available for this stage within two
months.



All exploration in Senegal is 50% co funded by Astron Ltd (the largest
independent buyer of zircon in China), with the emerging production in The
Gambia fully funded by Astron Ltd (a 50% partner in each project) by way of
interest free loan to be repaid preferentially out of cashflow.

Carnegie Minerals added 0.88 to 8.25 in response to the interim agreement with Yingkou Astron Chemical Co to supply combined heavy mineral concentrate.

well done smiler - as you know i hold these - i wonder when CME will emerge from it's obscurity? not traded much - yet...

yes a small tic up today ! chart looks to be on the up, raiding piggy bank :) Busy night !!! have fun with mr C Tomorrow :)))

Please follow the link below to Carnegie Corporation Ltd's website to read Carnegies Interim Financial Report for the Half Year ended 31.12.07 and Managing Director Appointment announcement.


http://www.carnegiecorp.com.au/home.php

Carnegie Minerals plc
02 May 2007

2 May 2007





Carnegie Minerals Plc ('Carnegie' or the 'Company')



First deposit explored in Southern Senegal substantially increases resource base
of the SeneGambia Mineral Sands Project



Carnegie Minerals Plc (CME), the mineral sands resource company with production
interests in The Gambia and advanced exploration in adjoining Senegal, is
pleased to announce that it has now completed its exploration programme over the
first mineral sands deposit (Niafarang) in Southern Senegal.



Highlights



Carnegie has completed exploration of the first mineral sands deposit
in Southern Senegal and obtained an independent resource statement



This resource substantially increases the entire resource base of the
company's SeneGambia mineral sand project and is classified in the Indicated
Category as defined by the JORC Code 2004



The first explored deposit features low slimes, no overburden and a
very high average grade of total heavy minerals including good zircon grades
.The overall mineral assemblage is similar to the deposits currently being mined
by Carnegie in adjoining Gambia



Carnegie has mobilised its exploration team in Africa and an air-core
drilling rig has been shipped to the port of Dakar to start test drilling of new
exploration targets in Southern Senegal later this month



The exploration programme has resulted in an additional resource totalling 4.8
million tonnes of sand at an average grade of 12.4% total heavy minerals (THM)
at a cut-off of 1% THM. As a percentage of the THM, the economic mineral content
is 13.7% zircon, 2.3% rutile, 75.2% ilmenite and 0.4% non-magnetic leucoxene.
(See attached independent resource statement for detail)



Wallis Drilling's air-core drilling rig has arrived in the port of Dakar and CME
has mobilised its exploration team in Africa to start test drilling of new
exploration targets generated by the high-resolution airborne magnetic and
radiometric survey carried out by the company in late 2006.



Alan Hopkins, Managing Director of Carnegie commented:



'We are very pleased with these results as the first deposit explored by the
Company in Southern Senegal substantially increases the resource base of the
whole SeneGambia project. Its very high grade, low slimes and zero overburden
combine with its close proximity to the southernmost deposit in The Gambia to
make it a valuable additional resource.



'With drilling scheduled later this month over the new exploration targets in
the Senegal licence area, we are rapidly moving to an understanding of the final
scale of the whole project'.

Carnegie Minerals plc
14 May 2007

14th May 2007



Carnegie Minerals Plc ('Carnegie' or the 'Company')

Substantial air-core drilling programme commenced on magnetic targets in
Southern Senegal

Carnegie Minerals Plc (CME), the mineral sands resource company with production
interests in The Gambia and advanced exploration in adjoining Senegal, is
pleased to announce that it has commenced a substantial air-core drilling
programme over its exploration licence in Southern Senegal.

Perth-based Wallis Drilling will drill a minimum of 8,000 line metres to test
linear geophysical targets interpreted as possible dune/strandline accumulations
of heavy minerals based on the high resolution airborne magnetic & radiometric
survey of the licence area in late 2007.

Three large priority areas have been identified for initial test drilling, which
is carried out at about 40 to 50 m drill hole spacing and 1.5 m sampling
interval predominantly along some existing roads crossing these linear
geophysical targets.

Subject to the results of this test drilling, Carnegie will plan any follow-up
exploration, which could include the delineation and in-fill drilling of
potential new mineralisation areas.

Carnegie would also like to update the market as to its Gambian operations where
it has three dredges fully operational and a fourth scheduled to come into
production next month. The project is already producing around 10,000 tonnes per
month of Heavy Mineral Concentrate for export to China under existing offtake
agreements.

Alan Hopkins, Managing Director of Carnegie commented:

'Following our announcement on 2 May of the independent resource statement for
our Niafarang deposit, we are very happy to be able to report the commencement
of the air core exploration drilling programme on the more southern areas of our
Senegal licence area.

'This marks another step in our plan, as set out at the time of our recent IPO,
to rapidly evaluate the entire project area while simultaneously bringing into
production our mineral sands assets in The Gambia. We look forward to updating
the market on further progress as soon as practicable.'

- Ends -

For further information, call:

Alan Hopkins, Managing Director, Carnegie Minerals Plc 020 7831 3113
Romil Patel / Olly Cairns, Blue Oar Securities Plc 020 7448 4400
Billy Clegg /Edward Westropp, Financial Dynamics 020 7831 3113

Notes to editors:

Carnegie listed on AIM in August 2006. It has already brought into full
production three dredges and is on track to meet its 2007 production targets in
The Gambia. It has completed a high resolution airborne geophysical survey over
the Southern Senegal licence area generating a number of targets for test
drilling. It drilled the first evaluation target in Senegal (Niafarang) &
recently announced a high grade resource for this area.

All exploration in Senegal is 50% co funded by Astron Ltd (the largest
independent buyer of zircon in China), with the emerging production in The
Gambia fully funded by Astron Ltd (a 50% partner in each project).

This is ticking up slow but sure !!! ;)

Please follow the link below to Carnegie Corporation Ltd's website to read Carnegies latest announcement.

To view the announcement, please follow the link below to Carnegie Corporation Ltd's website.

Carnegie Corporation Ltd - Home



Highlights

A preliminary proposal for a world-first base-load renewable energy power station and zero emission desalination plant was presented today by Carnegie to Federal Minister for Industry, Ian Macfarlane.



Details of the proposal include a 50MW demonstration CETO Wave Farm supplying power for around 40,000 households at a cost of around $400 million.



The CETO technology is owned by AIM listed Renewable Energy Holdings PLC(REH) with Carnegie Corporation being a founder and equity holder with board representation on REH. Carnegie has project participation rights subject to detailed agreement with REH and appropriate financing being established.



The Company & REH have commenced the process of developing detailed co- operation terms which will progress in parallel with site selection and approval processes.

.

Thursday May 24th: ABC Catalyst presents People Power



Immediately following the ABCs documentary CRUDE on Thursday night which spans 160 million years of the Earth's history to reveal the story of oil, is a special CATALYST EXTRA program showcasing Inspiring people from all over Australia tackling the threat of climate change. We are pleased to say that Carnegie Corporation Chairman Alan Burns and the CETO Wave Energy technology will be highlighted during the program.



Also, the Carnegie website has been updated with recent Press Coverage from ABC TV, The Bulletin, DK Renewable Energy Weekly Research Note, The Daily Telegraph, The West Australian and others.

Carnegie Minerals plc
05 June 2007


5 June 2007


Carnegie Minerals Plc ('Carnegie' or the 'Company')

Ore Reserve Statement for Niafarang deposit explored in southern Senegal

Carnegie Minerals Plc (CME), the mineral sands resource company with production
interests in The Gambia and advanced exploration in adjoining Senegal, is
pleased to announce it has now received the independent ore reserve statement
for the recently drilled Niafarang deposit in southern Senegal.

Highlights

Carnegie has obtained an independent Ore Reserve Statement for the first
mineral sands deposit explored in southern Senegal

The Probable Ore Reserve contained within the Indicated Mineral Resource
for the Niafarang deposit is 3.4 million tonnes of sand at an average grade
of 16.0% total heavy minerals (THM)

The Niafarang ore reserve is classified in the Probable Ore Reserve
Category as defined by the JORC Code 2004

The Niafarang ore reserve effectively doubles the size of the developing
mining operations in the Company's SeneGambia mineral sand project

Carnegie's exploration team continues test drilling of geophysical
targets in southern Senegal

As a percentage of the total heavy minerals, the economic mineral content is
75.4% ilmenite, 13.6% zircon, 2.3% rutile and 0.4% non-magnetic leucoxene.

Probable Ore Reserve
Sand Grade Mineral Assemblage % of THM
(MT) (% THM)
Ilmenite Zircon Rutile Leucoxene
3.4 16.0 75.4 13.6 2.3 0.4

Carnegie's exploration team is currently undertaking an air-core test drilling
programme of priority exploration areas identified by the high-resolution
airborne magnetic and radiometric survey carried out by the Company in late
2006.

Alan Hopkins, Managing Director of Carnegie commented:

'We are very encouraged by this ore reserve statement, as the addition of the
Niafarang reserves effectively doubles the mineable part of the resource of the
SeneGambia project. Being only 4 kilometres from the southernmost part of our
Gambian resource interests it is a welcome addition to the overall project.

'With exploration drilling now underway over the new geophysical exploration
targets in the licence area in Senegal, we are rapidly moving to an
understanding of the final scale of the whole project'.

- Ends -

For further information, call:

Alan Hopkins, Managing Director, Carnegie Minerals Plc 020 7831 3113
Romil Patel / Olly Cairns, Blue Oar Securities Plc 020 7448 4400
Billy Clegg/Edward Westropp, Financial Dynamics 020 7831 3113


Notes to editors:


Carnegie only listed on AIM in August 2006. It has already brought into full
production three dredges and is on track to meet its 2007 production targets in
The Gambia. It has completed a high resolution airborne geophysical survey over
the Southern Senegal licence area, generating a number of targets for test
drilling, which are now being drilled.


All exploration in Senegal is 50% co funded by Astron Ltd (the largest
independent buyer of zircon in China), with the emerging production in The
Gambia fully funded by Astron Ltd (a 50% partner in each project).



















PERTOLA Pty Ltd

Consultant Mining Engineers

78 Wilson Street, Bassendean WA 6054


NIAFARANG HEAVY MINERAL DEPOSIT, SENEGAL


ORE RESERVE STATEMENT


The Niafarang Heavy Mineral Deposit, located in Senegal within the Exclusive
Exploration Licence dated 26 November 2004, is held by Coast Resources Ltd, a
wholly owned subsidiary of Carnegie Minerals Plc.


Mineral Resource Model

Carnegie Minerals Plc provided the mineral resource model. The resource model
was supplied as regular block model which was compiled by Micromine Pty Ltd
under the supervision of consulting geologist Mr. Michael Shepherd who provided
the resource statement as follows:


'The Indicated Mineral Resource for the deposit, at a cut-off of 1% THM, is a
total of 4.8 million tonnes of sand at an average grade of 12.4% total heavy
minerals. As a percentage of the total heavy minerals, the economic mineral
content is 75.2% ilmenite, 13.7% zircon, 2.3% rutile and 0.4% non-magnetic
leucoxene. The average slimes content for the deposit is 2.2%.'


Indicated Mineral Resource
Sand Grade Mineral Assemblage % of THM
(MT) (% THM)
Ilmenite Zircon Rutile Leucoxene
4.80 12.4 75.2 13.7 2.3 0.4



Ore Reserve Estimation

Estimation of the Niafarang ore reserve has been based on mining methods, mining
ore loss, mining dilution, mineral recovery factors, cost assumptions and
product revenue rates currently in use for Carnegie's existing mining operations
in The Gambia. Where necessary, costs have been modified to reflect the
increased trucking distance for HMC and variations in government royalty
payments.


It has been assumed mining will be undertaken using a number of small dredging
units with the heavy mineral concentrate being trucked to a Concentrate Upgrade
Plant located in The Gambia. Processed magnetic and non-magnetic concentrates
are then shipped to China via the port of Banjul.


The Probable Ore Reserve contained within the Indicated Mineral Resource for the
Niafarang deposit is 3.4 million tonnes of sand at an average grade of 16.0%
total heavy minerals. As a percentage of the total heavy minerals, the economic
mineral content is 75.4% ilmenite, 13.6% zircon, 2.3% rutile and 0.4%
non-magnetic leucoxene.



Probable Ore Reserve
Sand Grade Mineral Assemblage % of THM
(MT) (% THM)
Ilmenite Zircon Rutile Leucoxene
3.4 16.0 75.4 13.6 2.3 0.4


Ore reserve calculations qualify as 'Probable' as defined by the 2004 Edition of
the 'Australasian Code for Reporting of Exploration Results, Mineral Resources
and Ore Reserves' (The JORC Code 2004).


Competent Person

The description of the Niafarang Ore Reserve is based on information compiled by
David Merkley who is a Member of the Australasian Institute of Mining and
Metallurgy, and is Principal of Pertola Pty Ltd, Consultant Mining Engineers.
David Merkley has sufficient experience which is relevant to the style of
mineralisation and type of deposit under consideration and to the activity which
he is undertaking, to qualify as a Competent Person as defined in the JORC Code
2004. David Merkley consents to the inclusion in the Report of the matters based
on information in the form and context in which it appears.






Pertola Pty Ltd

Friday, 1st June 2007.





Glossary of terms



'Heavy a term given to minerals that have a specific gravity above 2.9
minerals' or gm per cc
'HM'
'Ilmenite' a black or dark brown iron and titanium oxide mineral which is a
major source of titanium
'Leucoxene' a fine granular alteration product of titanium minerals
'Rutile' a yellow, red or brown titanium oxide mineral which is a major
source of titanium
'THM' total heavy material
'Zircon' zirconium silicate, a colourless, brown or grey zirconium
silicate mineral which is a major source of zirconium

Carnegie Minerals plc
16 July 2007



Carnegie Minerals Plc ('Carnegie' or the 'Company')

Substantial Drilling Programme Completed in Southern Senegal


Carnegie Minerals Plc (AIM - CME), the mineral sands resource company with
production interests in The Gambia and advanced exploration in adjoining
Senegal, is pleased to announce it has now completed a significant drilling
programme in its Southern Senegal licence area and is sending all sand samples
with visually noticeable heavy mineral grades for assaying at independent
laboratories in Australia.


Drilling - Southern Senegal


Carnegie's exploration team has successfully completed a two-month, 8,000 line
metre drilling programme in Southern Senegal, using Wallis Drilling's air-core
rig. Drilling was focused on testing linear magnetic and radiometric exploration
targets, identified by the high-resolution airborne survey carried out by the
Company in late 2006.


In the northern part of the Company's licence area, near the recently explored
Niafarang deposit, 502 holes were drilled to an average depth of 8 metres.
Additionally 168 holes were drilled at a high dune area near Cap Skiring in the
south to an average depth of 23 metres.


All drill holes were sampled at 1.5 metre intervals and all sand samples with
visually noticeable heavy mineral grades are being sent for assaying at
independent laboratories in Australia, after preliminary processing in Senegal.


Based on the assaying results, Carnegie will plan follow-up exploration in both
the northern and southern parts of the licence area, as well as drill testing
the eastern part that was not able to be drilled during this programme due to
the onset of the rainy season. Carnegie has already started negotiations on the
return of an air-core drilling rig to Southern Senegal for this work during the
coming dry season.


Carnegie Minerals Managing Director, Alan Hopkins, said:


'The completion of this phase of the exploration drilling programme in Southern
Senegal is another significant milestone for the Company. We are looking forward
to getting the laboratory results, as this area holds significant potential to
expand the scale of this cross border project.


'With our capability building in our production area at Sanyang South, and the
completion of the Southern Senegalese exploration drilling, Carnegie is now
poised to build a strong value platform for shareholders.'


- Ends -

Carnegie Minerals says completes drilling in southern Senegal licence area
AFX


LONDON (Thomson Financial) - Carnegie Minerals PLC said it has completed the drilling in its southern Senegal licence area and is sending all sand samples for assaying at independent laboratories in Australia.

The mineral sands deposits exploration company said the drilling was focused on testing linear magnetic and radiometric exploration targets.

The AIM-listed company said based on the assaying results it will plan a follow-up exploration in the northern and southern parts of the licence area and the drill testing of the eastern part.

Carnegie said it has started negotiations on the return of an air-core drilling rig to Southern Senegal for the work in the coming dry season.

TFN.newsdesk@thomson.com

ash/bsd

Carnegie Minerals plc
27 July 2007


27th July 2007

Carnegie Minerals PLC ('Carnegie Minerals')

Result of AGM

Carnegie Minerals, the AIM listed mineral sands exploration and production
company operating in West Africa is pleased to announce that all the resolutions
put to shareholders at the Annual General Meeting held earlier today were duly
passed.

Ends

Please follow the link below to Carnegie Corporation Limiteds website to read Carnegies latest announcement.

Highlights

a Share Purchase Plan partially underwritten to $3 million; and

a $7 million Private Placement.



Carnegie Corporation Ltd - Home

http://www.carnegiecorp.com.au/home.php

Carnegie Minerals plc
26 September 2007

26 SEMPTEMBER 2007

CARNEGIE MINERALS PLC
('Carnegie' or the 'Company' and its subsidiaries together 'the Group')

INTERIM RESULTS
For the period ended 30 June 2007

Carnegie Minerals Plc (AIM: CME), the AIM listed miner and explorer of
industrial minerals in West Africa, is pleased to announce its interim results
for the period ended 30 June 2007.

HIGHLIGHTS

The Gambia

Official mine site opening in July 2007 by Her Excellency Isatou Njie
Sadie, Vice President of The Gambia

Three dredges commissioned through to the half-year end with the
fourth commissioned this month

Production of heavy mineral concentrate in line with our estimates
during this start up phase

Senegal

Mining reserve defined at the Niafarang deposit near the Gambian
border

Exploration drilling completed in southernmost part of the licence.
Initial results imminent



FINANCIAL HIGHLIGHTS

Gambian joint venture entity revenue of 417,522 with Group revenue of
55,750

Gambian Joint venture entity had a maiden profit of 95,856 with CME
Group loss of 420,507 for the six months

Closing cash balance was 771,009 as at 30 June 2007



Alan Hopkins Managing Director said:

'We have made good progress bringing the wet mining and primary processing
facilities into production in The Gambia. As each unit has been brought on
stream, production and revenues have increased incrementally. This is
establishing a solid financial platform for the repayment of the partner
provided project finance utilised in developing this project. With the
secondary processing plant coming on stream in April 2008, followed by the plan
to bring into production the additional reserves over the border in Senegal in
early 2009, we are on track for steadily increasing production, revenues and
cash flow. We value the support provided during this start up phase, and with
this ongoing support, we look to the future with confidence'.



CHAIRMAN AND CHIEF EXECUTIVE'S REPORT

On behalf of the Board we are pleased to provide this interim report for the
Company and its subsidiaries (together the 'Group'), for the six months ended 30
June 2007.

Financial Review

During this start up period to 30 June 2007, we recorded revenue of 77,933
comprising management fees, interest income and our 50% share of The Gambian
joint venture entity's profit. Our Gambian joint venture entity had turnover of
417,435 and a stockpile of 21,410 tonnes of heavy mineral concentrate ready for
sale as at 30 June 2007. Production, while modest for this initial period, is in
line with our forecasts for this stage of the Gambian project's development.

Overall, the Group recorded a loss after tax for the period of 420,507 through
this period of project start up. The Gambian joint venture entity had a profit
of 95,856 for the six month period. Cash at bank as at 30 June 2007 was
771,009.

The scale of the business has increased during the period as a result of the
positive exploration outcome from the Niafarang area of our license adjacent in
Senegal. This established additional resources enabling higher production
targets to be set for 2009 and onwards. The Group has invested heavily during
this start up year in both its support of its production capability in The
Gambia, and also the establishment of further resources in adjoining Senegal.

Operational Review

The period since 1 January 2007 has seen the development of the mining
activities in The Gambia in parallel with the undertaking of exploration
activities in adjoining Senegal.

Mine Development and Mining Activity in The Gambia

During the period, we have constructed and brought into production three
additional wet mining and primary processing units, established water bores for
three separate mining areas, upgraded roads to all sites, and recruited and
trained an additional 105 workers, bringing the total workforce to 150 in The
Gambia. A mine site office complex, including workshops, laboratories and stores
facilities was officially opened by the Gambian Vice President, Her Excellency
Isatou Njie Sadie, on 24 July 2007 and the ongoing excellent relationship with
The Gambian authorities is of great assistance to the project.

While production is on schedule, the processing of the primary combined
concentrates into magnetically separated product is now scheduled for completion
by April 2008. Prior to this fully processed product being available for sale,
we have entered into an interim arrangement with our off take partner to buy the
combined primary concentrate. This generates earlier revenues but the pricing
achieved during this interim stage will be necessarily lower than will apply to
final product. Overall, the Group's target for the year ended 31 December 2007
is to produce 15,000 tonnes of secondary non magnetic (i.e. zircon / rutile)
concentrate. This equates to 77,000 tonnes of primary combined concentrate which
we are on target to achieve.

Exploration

During the period, the Group completed the evaluation of the earlier drilling at
the Niafarang deposit in Senegal (just south of the Gambian border) and obtained
JORC-compliant independent estimates for a resource and mining reserve statement
for this deposit. It is planned for an environmental impact study to be
commissioned and to convert this exploration area to a mining title so that
mining can commence early in 2009.

In addition to the evaluation of the Niafarang deposit, the Group completed 8000
meters of exploration drilling over some priority targets identified by the
airborne geophysical survey undertaken in October 2006. The results of this
drilling will be released to the market as soon as they are available. Any
positive intersections are planned to be followed up by drilling early in 2008
when the rig is remobilised to complete the drilling of additional priority
exploration targets that have yet to be tested.

Outlook

We have made very good progress with the construction and bringing into
production the wet mining and primary processing facilities in The Gambia. As
each unit has been brought on stream, production and revenues have increased
incrementally. This is establishing a solid financial platform for the timely
repayment of partner provided project finance utilised in the development of The
Gambian project. With the secondary processing plant coming on stream early next
year, followed by the plan to bring into production the additional reserves over
the border in Senegal in early 2009, we are on track for steadily increasing
production, revenues and cash flow. We have also been offered other
opportunities for further expansion, which are currently being evaluated. We
value the support provided during this start up phase, and with this ongoing
support, we look to the future with confidence.

Alan R Burns
Chairman

Alan G Hopkins
Managing Director


Registered Office

The Company also announces that it has changed its registered office to 1
Arbrook Lane, Esher Surrey KT10 9EG.


END

For further information please contact:

Alan G. Hopkins (Carnegie Minerals Managing Director),

enquiries@carnegiemins.com

Olly Cairns (Blue Oar Securities Plc), T: +61 (0) 8 6430 1631

Billy Clegg / Edward Westropp (Financial Dynamics), T: +44 (0) 20 7831 3113

The Carnegie Minerals Website is
www.carnegiemins.com

Carnegie Minerals plc
27 September 2007


27 September 2007



Carnegie Minerals Plc ('Carnegie' or the 'Company')



Interim Drilling Results Southern Senegal



Carnegie Minerals Plc (AIM - CME), the mineral sands resource company with
production interests in The Gambia and advanced exploration in adjoining
Senegal, is pleased to announce that it has received results from heavy mineral
(HM) drilling analysis of 718 drill samples from 3 drilling lines (1, 2 and 8).
These lines represent 1,311 line metres of drilling or 34% of the southern area
of the licence and 16% of the total 8,000 line metres of drilling undertaken
over both the southern and northern areas.



Highlights



* Exploration drilling intersects mineralised zone in previously untested
area


* Mineralised intersections thicker than previously encountered in the
project area


* 84% of drilling results still to be processed


The results received to date revealed a mineralised zone that was intersected
over a distance of 330 m by Line 1 across one of the high dune areas that
stretches parallel to the coast for about 2.3 km. The mineralised zone was
intersected by 10 holes from the surface to an average depth of 12.5 m and the
individual air-core drill holes sampled at 1.5 metre intervals showed a weighted
average grade from 2.1% to 4.7% total heavy minerals (average 3.4% HM) with the
average slime content varying from 5 to 20 % (average 14%).


In the central part of this zone its thickness was 18 m at a weighted average
grade of 3.5% HM (including surface 4.5 m interval at 8% HM). The intersected
mineralised zone coincides with an airborne radiometric anomaly as well as an
extensive linear magnetic feature extending parallel to the coast. The edge of
this zone was also intersected from the surface to the depth of 12 m by two
drill holes at Line 2 where the weighted average HM grade was about 2.5%. Some
surface HM accumulations have also been intersected by Line 8 in a low dune area
(up to 3 m thick at 5.1% HM).


Alan Hopkins, Managing Director of Carnegie Minerals plc, said:

'The heavy mineral intersections in this previously untested southern part of
the tenement are encouraging and we look forward to receiving the results for
the remaining drilling samples.

'This latest set of test results provide further evidence of the prospectivity
of the southern Senegal region, following the successful exploration of the
Niafarang area, at which production is planned for early 2009.'

LONDON (Thomson Financial) - Carnegie Minerals PLC said it has found 'heavy' mineral intersections in their project area in Senegal.

The mineral sands resource company said the results were received from heavy mineral drilling analysis of 718 drill samples from 3 drilling lines.

These lines represent 1,311 line metres of drilling or 34 pct of the southern area of the licence and 16 pct of the total 8,000 line metres of drilling undertaken over both the southern and northern areas, it said.

The mineralised intersections are thicker than previously encountered in the project area and about 84 pct of the drilling results are still to be processed, the company added.

Carnegie Minerals plc
30 October 2007


30 October 2007



Carnegie Minerals Plc ('Carnegie' or 'the Company')

Senegal licence renewal and update


Highlights


Senegal exclusive exploration licence renewed for three years

First steps taken to convert portion of licence to mining title


The Directors are pleased to advise that the Minister of Mines and Energy has
approved the renewal of the Company's exploration licence in Southern Senegal
for a further three years.


Carnegie, the mineral sands resource company with production interests in The
Gambia and advanced exploration in adjoining Senegal, has received confirmation
that its renewal of the exclusive exploration licence for southern Senegal has
been approved. In accordance with Senegalese mining legislation, Carnegie
surrendered some already explored areas amounting to approx. 27% of the original
licence area and retained approx. 550 km2 for further exploration. Carnegie
proposed an exploration programme and budget of US$1 million, allocated mostly
for follow up drilling at some already identified mineralisation areas as well
as drill testing of yet untested exploration targets in Southern Senegal.


As part of the immediate work programme, the Company intends to convert a
portion of the exploration licence into a mining title over the Niafarang
deposit where it has already estimated a Probable Ore Reserve as defined by the
JORC Code 2004. Carnegie negotiated the licence conversion procedures with the
Senegalese Department of Mines and Geology in September 2007 and has
commissioned an independent and reputable Senegalese consulting firm for the
statutory environmental impact assessment (EIA) of the Niafarang mining project
as the first step in the licence conversion process.


Subject to the timely statutory approvals and equipment procurement, the Company
plans to bring the Niafarang deposit into production in early 2009.


Carnegie Managing Director Alan Hopkins said:


'The renewal of the exploration licence provides a solid platform for the
Company's planned follow up drilling of the recently announced positive
exploration results from this area. The commissioning of the EIA consultant is
the first step in bringing the recently explored new deposit at Niafarang into
production and continues the progress being made to incrementally increase this
project's scale and mine life.

Do you hold these Smiler? i have a smallish position but will be interesting to see if these gain momentum....

You're up early !!!! looks a good set up me thinks !

well, interesting..... i know a friend who has put some of his own money in. SP performance so far been stagnant, but early days and off the radar it seems.

Not for long may be...!!! Glad to get in at 6p !!

Carnegie Minerals plc
01 November 2007



1 November 2007


Carnegie Minerals Plc ('Carnegie' or the 'Company')


Carnegie Signs Iron-Nickel Exploration Agreement


Carnegie Minerals Plc (AIM - CME), the mineral sands resource company with
production interests in The Gambia and advanced exploration in adjoining
Senegal, is pleased to announce it has entered into an agreement with Western
Australian based private resource exploration company, Asia Resources 168
Limited (ARL), to fund a staged exploration programme for iron and nickel
laterite mineralisation on the island of Obi, Indonesia. ARL holds interests in
a SKIP licence (temporary prospecting permit) in the southern part of Obi Island
and plans to apply for further areas identified by Carnegie.


Carnegie has agreed to fund staged exploration and evaluation programmes to the
extent of the first USD 1 million at which point it will be deemed to have
earned a 50% interest in the CME - ARL OBI Island Project. Carnegie has the
right to withdraw at any stage prior to expending this amount, however will
retain no equity in the Project. Carnegie shall be the operator undertaking the
exploration work with ARL responsible for logistics and local government
relations.


Obi Island is situated midway between Irian Jaya and Sulawesi. It is part of the
Sulawesi - Halmahera ophiolitic belt that hosts some substantial nickel laterite
deposits including some under development and in production and is considered
highly prospective for new discoveries.

Carnegie operations suspended!

Information HERE

Technical Assistance on Mining Matter for The Gambia *new*

Technical Assistance is being provided to the Government of The Gambia in preparing model prospecting and mining licences under the new mining law of Gambia. This was a recommendation from earlier assistance provided by the Commonwealth Fund for Technical Cooperation in 1999-2001. The project will also be reviewing and advising on applications from an Australian mining company, for licences to carry out mineral operations, including mining of heavy minerals and exploration.

SASD will assist The Gambia to develop model licences/agreements containing terms consistent with the new Mines and Quarries Bill awaiting enactment and other relevant legislation. Model licences/agreements set out a basis on which the Government grants mineral rights to explore for and mine minerals in The Gambia and are essential for the promotion of mineral investment.

SASD will also assist The Gambia to carry out a review of the applications received from the Australian mining company for prospecting and mining licences in order to identify and comment on any legal, economic and technical issues and provide support to the Government in negotiating licence terms. The negotiation of terms acceptable to both parties will allow investment to proceed and send out a strong positive signal to the international investment community.

Of Interest :

The Gambia, a small enclave surrounded by Senegal on the west coast of Africa, has little to offer in the commodities sector, apart from heavy mineral sands which were last mined in the 1950s. At a 3% cut-off, the resource is estimated at containing 9 Mt grading 8.6% heavy minerals. The heavy mineral concentrates average 70% ilmenite, 15.9% zircon, 3.3% rutile and the remainder gangue. However, it is not known to what extent the palaeo beach deposits have been investigated. Australian Carnegie Corporation is currently investigating the Brufut deposits located along the coast. Here a stockpile of some 11 000t of zircon has been acquired, along with an identified resource containing approximately 900 000t. The Government of Gambia has a 49% interest in the venture.

Other than this, The Gambia produces industrial minerals for local consumption.

Mineral Policy and Legislation

Since the 1950s when mining of the known deposits of titaniferous beach sand was stopped, there has been no mining activity of any scale in Gambia. The emphasis of the governments policy has therefore been on conducting geological surveys, investigations and explorations in order to ascertain the mineral resources potential of the country as well as the planning of their exploitation.

A new Mineral and Mining Act is being considered for promulgation shortly. The provisions of the Act will include, rules to govern the operations relating to the exploration, prospecting and mining of the available mineral resources of the country and the regulation of such operations as regards the payment of fees e. g. rent and royalties; prospecting licence and prospecting right as well as mining right and water right. The secretary of State responsible for mining activities will be the main authority for the determination of the various rates to be paid in respect of royalties and fees.

All land and mineral resources therein belong to the State and their exploitation and use are controlled by the competent government departments, namely the State Department of Trade, Industry and Employment. Mining rights, in particular, will be granted under the provisions of the proposed legislation of State Department charged with responsibility for mining activities.

The existing conditions governing mining operations are as follows:

License Types



Exploration Permit ... Mining Lease


Period 1 year . .. ... . 25 years



Renewal 1 year . .. ... 25 years



Reduction None


With Luck will soon be off & going up again :)

Ooops!


arnegie Minerals suspends operations
Wednesday, January 16, 2008, 09:19 AM
Shares in Carnegie Minerals (AIM:CME) fell 40% to 3 pence after the company announced the suspension of all mining operations in Gambia. The halt was prompted by a letter received from The Geological Department of The Office of The President of Gambia requesting a stop to all operations until further information regarding "minerals mined and laboratory results".

Carnegie Minerals said it believes that it is in compliance with all terms of its mining licence, but would adhere to the request.

AIM THANKS but was posted on 16th !

Carnegie Minerals plc
01 February 2008




CARNEGIE MINERALS PLC
('Carnegie' or the 'Company')

Issue of Equity and Notice of Extraordinary General Meeting


The Board of Carnegie Minerals Plc (AIM - CME), the mineral sands resource
company with production interests in The Gambia and advanced exploration in
adjoining Senegal, is pleased to announce that it has raised 1,130,000 (before
expenses) through a placing to institutional and other investors at 4p a share.


A Circular has been sent to Shareholders to convene an Extraordinary General
Meeting for the purposes of passing resolutions to enable the proposed Capital
Raising to be effected.


Background to and reasons for the Capital Raising


Since Carnegie's admission to AIM in August 2006, Carnegie's mineral sands
business has continued to grow in West Africa. At the same time, the Company
has progressed new synergistic opportunities that we believe hold great
potential for the Company going forward.

In Senegal, Carnegie's exploration identified a high grade ore reserve at the
Niafarang deposit. The Company therefore plans to develop Niafarang, which is
50% funded by our joint venture partner Astron Ltd ('Astron') and 50% funded by
the Company, with the aim of bringing the project into production in early 2009.
The Company also recently undertook a significant exploration drilling
programme in the northern and southern parts of the licence area. Based on the
assay results available to date, which highlighted mineralisation intersections
in these previously untested areas, the Company plans to follow-up exploration
as well as drill testing in the eastern part of the licence area where
identified geophysical targets were not drilled during this programme due to the
onset of the rainy season.


With the positive exploration results received so far, the Company has also been
investigating further mineral sands potential in the region. Additionally, the
Company has been actively assessing a number of opportunities in other
geographical regions; both in industrial minerals and other commodities that it
believes will complement the existing projects and contribute to the future
success of the Company.


With the positive exploration results in Senegal, the Company wishes to raise
further funds to enable the Company to maintain its contributing interest in
that country and to follow up the other high potential initiatives.



Additionally, to allow the Company to issue Ordinary Shares in consideration for
existing warrants and options and to provide the Board with flexibility for
further fundraisings in the future, authority is being sought at the EGM to
issue a number of Ordinary Shares other than on a pre-emptive basis. By passing
the resolution to provide the Board with such authority, the Company will be
able to rapidly exploit investment and financing opportunities that present
themselves to the Company, in a cost-effective manner.


Gambia update

In The Gambia, all development and operating expenditure is funded by the
Company's 50% joint venture partner, Astron. Four production units have been
commissioned and an official mine site opening held in July 2007. Production
rates were increasing in line with expectations and a second stage concentrator
was scheduled to be commissioned this year with a resulting increase in revenues
expected.



On 16 January 2008, the joint venture company received an instruction from the
Government of The Gambia directing it to cease all operations and to provide
certain information in relation to production, grades and prices. An additional
letter with a request of further information was received by the company on 18
January 2008. Both letters received from The Gambian Government required the
information requested to be supplied within 24 business hours in default of
which there would be a risk of the cancellation of the Gambian joint venture
company's licence and other potential action. The Company responded to each of
the letters within the prescribed time limits. The Company has not received any
notice from The Gambian Government that the licence has been cancelled. The
Company believes it has supplied all the required information including
independent SGS laboratory assays and offered to fund an independent industry
expert to assist them in interpreting these results. As at the date of this
circular, we await the Gambian Government's response. Given the uncertainty over
the Gambian licence that this action has produced, the Board has decided to take
the most prudent approach available to it and provide fully against the carrying
value of the Gambian assets on its balance sheet.



Given this new development in The Gambia's risk profile, a full provision
against the Company's Gambian assets will remain, even in the event the
Government of The Gambia allows the joint venture company to fully resume its
operations.



Following the supply of the necessary information to the Gambian Government, the
Company awaits a response. Whilst the Company is making arrangements to meet
with the Gambian Government in order to resolve any concerns, the Board
currently has no indication or visibility on the timing of the response from the
Gambian Government on this issue. The Company will make further announcements as
appropriate when responses from the Gambian Government are received.



Details of the proposed Capital Raising

Blue Oar has, on behalf of the Company, conditionally placed a total of
28,250,000 Placing Shares at the Placing Price, to an existing substantial
shareholder, RAB, and additional institutional and other investors, to raise
1,130,000.



In addition, 28,250,000 New Warrants will be issued to Placees on the basis of
one New Warrant for every Placing Share subscribed.



The Capital Raising is conditional, inter alia, upon:



the passing of the Resolutions at the EGM;

the Placing Agreement becoming unconditional; and

Admission having become effective on or before 26 February 2008 (or such
later date as Blue Oar and the Company may agree, not being later than 29
February 2008).



The Placing is not being underwritten, in whole or in part, by Blue Oar or any
other party.



The Placing Shares

The Placing Shares will, when issued, rank equally in all respects with the
other Ordinary Shares then in issue, including all rights to all dividends and
other distributions declared, made or paid following Admission.

Application will be made for the Placing Shares to be admitted to trading on
AIM. It is expected that trading in the Placing Shares will commence on 26
February 2008.



The New Warrants



The Company has created 28,250,000 New Warrants on the terms of the New Warrant
Instrument, which will be issued to Placees on Admission on the basis of one New
Warrant for every Placing Share subscribed for. Each New Warrant entitles the
holder to subscribe for one Ordinary Share. Subject to their terms, the New
Warrants are exercisable at any time prior to the fifth anniversary of the date
of Admission at a price of 6p per Ordinary Share. The New Warrants will not be
admitted to trading on AIM but are freely transferable.



Use of Proceeds



Proceeds from the proposed Capital Raising are planned to be used to fund:



Carnegie's 50% share of an environmental impact study at the Niafarang
deposit in Senegal and other statutory procedures to convert the deposit
area into a mining title;
Carnegie's 50% share of further exploration including drilling in Southern
Senegal;
Continued regional investigations; and
Investigation of new projects in other geographical regions identified as
highly prospective with low sovereign risk.



In the event that the joint venture company is able to convert the Niafarang
portion of the title in Senegal to a mining title in a timely manner, then
additional funding would be sought to facilitate the development of this deposit
at that time.



Extraordinary General Meeting



The EGM will be held at 10.00 a.m. on 25 February 2008 at the offices of Memery
Crystal LLP, 44 Southampton Buildings, London SC2A 1AP.



Recommendation

RAB is a substantial shareholder (as defined) under the AIM Rules. The Placing
therefore constitutes a related party transaction for the purposes of the AIM
Rules. The Directors, having been so advised by Blue Oar, the Company's
nominated adviser, consider that the terms of the Placing are fair and
reasonable insofar as the Shareholders are concerned. In providing advice to the
Board, Blue Oar has taken into account the Directors' commercial assessments.



The Directors consider that the Capital Raising is in the best interests of the
Company and its Shareholders as a whole and accordingly recommend that
Shareholders vote in favour of the Resolutions, as they intend to do in respect
of their own shareholdings, amounting in aggregate to 250,000 Ordinary Shares
(representing approximately 0.45 per cent. of the current issued share capital
of the Company).

Carnegie Minerals says raises 1.13 mln stg via institutional placing
AFX


LONDON (Thomson Financial) - Carnegie Minerals PLC said it raised 1.13 mln stg (before expenses) through a placing of 28.25 mln shares to institutional and other investors at 4 pence a share.

Proceeds from the placement are planned to be used to fund Carnegie's 50 pct share of an environmental impact study at the Niafarang deposit in Senegal, drilling in Southern Senegal and other purposes.

The mining company said it plans to develop the Niafarang deposit where it has identified high grade ore reserve, aiming to bring the project into production in early 2009.

With the positive exploration results in Senegal, the company said it intends to raise further funds to enable the group to maintain its contributing interest in that country and to follow up the other high potential initiatives, Carnegie said.





TFN.newsdesk@thomson.com

Carnegie Minerals plc
11 March 2008

11 March 2008


Carnegie Minerals Plc ('Carnegie' or the 'Company')

Announces research and development agreement with USGS

Carnegie Minerals Plc (AIM - CME), the international mineral resource company
with interests and advanced exploration in Senegal, has announced that it has
entered into a Cooperative Research and Development Agreement (CRADA) with the
U. S. Geological Survey (USGS), an agency of the United States Government.

The objectives of the collaboration are to:

define areas with potential for mineral deposits containing metals such
as titanium, iron, zirconium and rare-earth elements;
enable researchers from both parties to interpret geologic terranes
favourable for staged field geological investigations;
further test modelling methods developed by the USGS that integrate
geologic, geochemical, and geophysical indicators; and
assess mineral resource potential using synthesis and analysis of USGS
geosciences databases.

The domestic and international locations jointly selected for study support both
USGS's mission to assess the mineral resources of the US and the world and
Carnegie's exploration strategy. The benefits of this exchange include sharing
of data, the refinement of mineralogic methods, and an expanded suite of
mineralogic and chemical data for the US national-scale assessments.

Under the terms of this 3-year joint project, slated to begin in March of 2008,
Carnegie is providing approximately USD1million in cash and in-kind services in
the form of labour, external consulting and contractual costs to the project.
The USGS is providing in-kind resources in the form of labour, equipment,
facilities, information, and computer software estimated at USD225,000.

Alan Hopkins, Managing Director of Carnegie Minerals plc, said:

'We are very pleased to be able to announce this project with the USGS; they
have been at the forefront of mineral deposit research for over 125 years and
the opportunity to work in the USA is an extremely attractive one for us.'

'This move is in line with the Company's strategy to use the state-of -the-art
techniques to investigate and develop new projects in highly prospective
geographical regions with low sovereign risk; in addition to continuing our
exploration efforts in Senegal and fast tracking the conversion of the Niafarang
deposit area into a mining title.'

'Carnegie is now moving to the next stage of its development as an international
player in the production of minerals and we look forward to updating the market
as to our progress in the months to come.'

- Ends -

Carnegie Minerals plc
16 April 2008



16 April 2008


Carnegie Minerals Plc ('Carnegie' or the 'Company')

Board changes

Carnegie Minerals Plc (AIM - CME), the international mineral resource company
with interests and advanced exploration in Senegal and strategic partnerships in
the USA, announces that Alan Burns, as part of a broader scaling back of his
business interests, is retiring as Non-Executive Chairman of the Company.
Timothy Jones will take over the role of Non-Executive Chairman with immediate
effect whilst also retaining overall responsibility for the Company's finance
function.

Alan Hopkins, Managing Director of Carnegie Minerals plc, said:

'We would like to thank Alan for all his efforts over the years with Carnegie
Minerals, from founding the Company, leading us through IPO and beyond as a
listed business. Alan is retiring as part of a wider scaling back of his
directorships in order to concentrate on his renewable technology business
interests.


'Timothy Jones has done a magnificent job as the Finance Director and we look
forward to working with him in his extended role of Non-Executive Chairman.'

Carnegie Minerals plc
07 May 2008




Carnegie Minerals Plc ('Carnegie' or the 'Company')
Preliminary results for the year ended 31 December 2007


Carnegie Minerals Plc, the mineral sands resource company, is pleased to
announce audited results for the year ended 31 December 2007.


Highlights


Senegal (50/50 contributing Joint Venture with Astron Ltd)

Drilling of the first target at Niafarang resulted in a relatively
small but high grade Indicated Mineral Resource being calculated for this
deposit. Planning for an environmental impact study over this area is well
advanced.

Many of the priority exploration targets generated by the airborne
geophysical survey were drilled resulting in several new mineralisation
intersections.

Many targets are still to be drilled in the licence area.


USA

Since the year end, a Cooperative Research and Development Agreement
has been entered into with the United States Geological Survey (an agency
of the United States Government). This agreement seeks to help both parties
identify areas with high potential for mineral deposits containing titanium,
iron and zirconium.


Other

Since the year end, the Company's 50% free carried interest in The Gambia
project has entered a significant dispute with the Gambian Government.
This is currently the subject of legal actions from both sides, but the
project's carrying cost is fully provided for. The possible restart of
operations here is uncertain at the time of writing.


The Chairman, Timothy Jones, said:

'Whilst 2007 saw continued good progress, with developing production in The
Gambia and encouraging results from our evaluations of the Senegal deposits, a
dispute with the Gambian Government early in 2008 has created uncertainty as to
the future of the Company's Gambian operations. The directors view the Gambia
as a relatively small part of the Company's potential growth going forward and
have taken immediate steps to refocus the Company's efforts in areas of greater
stability whilst continuing to follow up exploration results in Senegal.'




For further information, call:

Alan Hopkins, Managing Director, Carnegie Minerals Plc 020 7831 3113
Romil Patel / Olly Cairns, Blue Oar Securities Plc 020 7448 4400 / 61 8 6430 6431
Billy Clegg /Edward Westropp, Financial Dynamics 020 7831 3113



Chairman's statement

A year of good progress has been overshadowed by an ongoing dispute between The
Gambian Government and our joint venture company in that country. In January
2008, operations were suspended by The Gambian Government who subsequently
cancelled the mining licence. The allegations that the joint venture company
has been commercially mining titanium, iron ore and uranium from its mineral
sands licence are strongly refuted. It has previously been made clear to The
Gambian Government that a component of mineral sands is titanium and iron oxide
and that trace amounts of uranium of no commercial value are usual for such
deposits. This action has reinforced the Company's planned next phase to seek
high potential projects in low sovereign risk areas.

Of great concern to us is the withholding of the passport of Charlie Northfield,
the in country manager for The Gambian joint venture company, by the Gambian
authorities. Carnegie is working to the utmost to regain Charlie's full freedom
and have the strongly disputed charges of economic crimes against him and the
joint venture company dropped.

In financial terms, by accounting for our share of the joint venture losses and
by writing off the associated goodwill, we have eliminated the entire value of
the project from the group balance sheet.

The Company made good progress with its evaluations in neighbouring Southern
Senegal. This resulted in the modelling of a small but high grade mineral sands
deposit at Niafarang with it being categorised as an Indicated Mineral Resource
as defined by the JORC Code 2004.

We also undertook an exploration drilling programme in Southern Senegal over
many of the priority targets identified by our airborne geophysical survey. This
resulted in several new mineralised intersections that have potential for
further investigation. Many of the exploration targets identified within the
licence area have yet to be tested.

Strategically, the Company's goal in this area is to discover further areas of
mineralisation that can significantly add to the explored Niafarang deposit.
These areas in Senegal have not been not subject to any negative Senegalese
Government action.

A significant first step in the refocus of international project work to areas
of lower political risk was the signing in March 2008 of a strategic research
agreement with the US Geological Survey (USGS), an agency of the United States
Government. This co-operation involves combining the Company's resources and
data with USGS data and experience in profiling geologic, geochemical and
geophysical mineral indicators so that the capability of both parties to
identify terrains with high potential for minerals of interest is significantly
improved.

This next generation of scientifically substantiated exploration targets will be
a priority undertaking for the Company. We believe this provides a platform for
the Company to seek and procure quality project involvements in areas where we
have expertise and working together with world leading partnerships in this low
sovereign risk part of the world.


Outlook

With the current turbulent world financial markets and the untimely Gambian
Government action affecting The Gambian project, 2008 poses significant
challenges to our group. Out of adversity also comes the potential to reach
higher levels and certainly the management team is focused on forging new
project opportunities in more stable areas with significant potential while
following up results in Senegal.

We thank all our shareholders who have continued to support the Company during
this period of change and refocus.

Finally, I should like to pay tribute to my predecessor, Alan Burns, who has
retired from the board as part of a broader scaling back of his business
interests. Alan founded the company and led us successfully through IPO and
beyond as a listed business.