I saw a presentation by Peninsular Gold recently, and think it is a decent long term investment in an up and coming near to production gold miner.



Group Information and Strategy

PENINSULAR GOLD LIMITED was incorporated in April 2005 in Jersey and listed on the AIM London Stock Exchange on 23rd June 2005 (LSE code PGL).

The Companys mining and exploration areas are located in the vicinity of Raub, State of Pahang, Malaysia. Raub is a historic mining centre that has produced over 1million oz mostly from underground operations.

The Company has approximately 180,000 oz of proven reserves in a large tailings deposit immediately adjacent to the Companys existing plant, which is also the location for its proposed Carbon-in-Leach expansion project.
It also has identified large resources at Raub and its Tersang-Tenggelan-Chenua project areas estimated to contain approximately 579,000 ounces.




The Group corporate objective is to achieve the discovery of a minimum of 5 million oz of gold in Malaysia. Specifically the Company aims to add between one to two million oz of gold from the well-defined Raub and Tersang targets to the existing reserves and inferred resources and to identify regional gold exploration targets and develop them to the reserves definition stage.


PENINSULAR GOLD LIMITED intends to rapidly advance its exploration program with plans to commence drilling four priority targets by the end of 2005.

The Group has received approval for the grant of 6 and has applied for a further 6 Prospecting Permits and Prospecting Licenses, ranging in size from 38 to 9,227 hectares. It also applied for three Mining Leases in addition to one Mining Lease and one Mining Certificate which it presently holds. In total the Companys mining and exploration interests encompass an area of approximately 219 square kilometres.
The Companys mining and exploration interests are all located in Malaysias Central Gold Belt, which hosts the majority of Peninsular Malaysias gold occurrences, including the Raub, Selinsing and Penjom gold mines.







AIM admission document PDF : Click HERE


Corporate homepage : http://www.peninsulargold.com/

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