In case some of you have not already added Minmet to your watch list, it has been receiving some very good news just lately. One trading statement yesterday and completion of a 22.5% aquisition in Ovaca Resources PLC.

With good news and gold ready to break $410, Minmet looks ready to fly (Another Oxus Gold maybe? - We can but hope!).

Thanks to Goldfinger for the link :)

TRADING STATEMENT - 16/12/03 07:00

Minmet plc

TRADING STATEMENT - SUIOR PROJECT, ROMANIA

MinMet, the international gold mining and exploration company, is pleased to
provide an update on the result of the initial commercial scale production of
gold from its joint venture with SC Transgold SA ('Transgold') in northern
Romania. The first 5,000t bulk sample of refractory concentrates comprising the
Suior project have been processed by the Transgold CIL plant in Baia Mare
following pre-treatment using the exclusive biotechnology recently acquired by
MinMet through the acquisition of European Metals and Minerals Ltd ('EMML').

The initial 5,033t concentrate over six campaigns yielded 1,012 ounces of gold
and 3,302 ounces of silver representing a recovered grade averaging 5.7g Au/t
determined from a 48h 'bottle-roll' cyanide dissolution test. The best value
from six campaigns was 6.53g Au/t in a sample of 896t comprising campaign No.5.
Each campaign processes of the order of 1,000 dry tonnes within the 25,000t
Phase 1 of a project that will eventually treat more then 600,000t of material
by the end of Phase 2.

Phase 2 will condition and treat at least 100,000t of Suior concentrates during
2004. This phase has already been initiated and the access ramp for the
transport of material at the permitted treatment site has also been completed.
An initial 20,000t of material has been positioned and prepared for the
application of the EMML biotechnology.

As stated previously, MinMet has commenced an active programme of resource
identification and research testing of several prospective materials at sites in
Europe, with a view to eventually utilizing the EMML biotechnology to expand its
low cost production of gold from refractory concentrates and mine waste
materials.
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ACQUISITION - 17/12/03 11:55
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Minmet plc


Minmet plc ('MinMet')

MinMet completes acquisition of 22.5% interest in Ovoca Resources plc

Further to an announcement dated 13th November 2003, Minmet plc ('MinMet'), the
international gold mining and exploration company, announces that it has
completed the sale of its wholly owned subsidiary Klippen Guld AB (the
'Transaction') to the Irish based resource company, Ovoca Resources plc ('Ovoca'
or the 'Company'). In consideration for the Transaction MinMet receives 11m
ordinary shares in Ovoca ('Consideration Shares').

MinMet has given an undertaking to Ovoca that it will not dispose of the
Consideration Shares for a period of 12 months from completion of the
Transaction. Ovoca will make an application to the Exploration Securities Market
to admit the Consideration Shares to trading. Upon issue of the new ordinary
shares MinMet will be interested in 22.5% of the enlarged share capital of
Ovoca.

Ovoca has appointed, MinMet's nominees, Jeremy Martin and Jeremy Metcalfe to the
Board of the Company.

The Transaction opens the opportunity for Ovoca to actively explore for gold in
an area in Northern Sweden termed the 'Gold Line' where it now holds a number of
promising concessions including Klippen and Krokliden. Krokliden is close to the
Svartliden gold deposit (1.4 Mt @ 5.7 g/t) owned by Dragon Mining NL which was
permitted in August 2003 by the Swedish authorities. The 'Gold Line' also
contains the Faboliden gold deposit (15 Mt @ 1.8 g/t) and MinMet's Barsele gold
project (9 Mt @ 1.8 g/t). Work to date on Klippen has identified several zones
of elevated gold values, the largest of which measures 1,000 m by 100 m. Results
from this zone average 1.8 g/t Au. Ovoca is planning extensive field work on its
new Swedish properties by April 2004.

Ovoca will have the assistance of MinMet in both operations management and
logistics and will have an initial Swedish base at MinMet's Bjorkdal gold mine
with access to personnel, equipment and facilities.

Commenting following the conclusion of the Transaction with Ovoca, Michael
Nolan, CEO of MinMet said, 'I am delighted to have concluded this transaction
with Ovoca at a time when the price of gold has reached levels not seen for
seven years. I look forward to working with Richard O'Shea (CEO of Ovoca) and
the Board of Ovoca to build a dynamic business supported by the revival of
interest in natural resources in general and gold in particular. MinMet will
support the work of Ovoca in Sweden and the Nordic Region generally through our
experienced local and international management team and we aim to assist Ovoca
to capitalise on the unique opportunities now available and thereby adding
significant value to MinMet's investment in Ovoca.'
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Another rise today for Minmet and gold up to 428.3 now!

Anyone know if the 2,000,000 that went through was a buy or a sell?

Up again :)

Minmet plc


12 January 2004

Minmet plc ('MinMet')

Minmet plc plans to spin off and float
Lapp Plats plc on OFEX after initial private placement

Lapp Plats to focus on Platinum and Nickel exploration in Northern Sweden and Finland

Minmet plc ('MinMet' or the 'Company') today announces that it has completed a
study aimed at generating targets for platinum and nickel ('Pt-Ni Target
Report') from the Company's proprietary Swedish Geochemical Database.

The Pt-Ni Target Report will be sold to a newly incorporated UK registered
public company, Lapp Plats plc ('Lapp Plats'), a company formed specifically for
the purpose of the transaction. MinMet will retain a majority shareholding in
Lapp Plats following a planned private placement of approximately ST300,000 and
a proposed admission of Lapp Plats shares to trading on Ofex.

Three of MinMet's senior management, Michael Nolan, David Hall and Alan Mooney
will join Lapp Plats's board as Directors. The company will operate initially
from Minmet's Bjorkdal mine in Northern Sweden and will utilise existing MinMet
staff and facilities.

The Pt-Ni Target Report has identified a number of platinum and nickel targets
from MinMet's Swedish Geochemical Database. These targets are not mutually
exclusive and may also be considered for associated elements namely copper and
gold. Initial funds will be used to stake the targets for Lapp Plats and these
concessions will cover extensive up ice sites in order to maximize the area
where anomalies could be identified. The targets will be prioritised on the
basis of associated geochemistry, favourable and known geology, structural
association and known float values. Discussions have also been initiated with
third party companies in both Sweden and Finland with the aim of securing a
number of joint venture opportunities for platinum and nickel exploration.

Michael Nolan, CEO of Minmet said: 'Our Swedish and Finnish Geochemical
Databases give us an in-depth insight into the geology of a large part of
Scandinavia. We have taken the decision to form and list Lapp Plats as we feel
there is high potential to locate economical platinum and nickel deposits in the
region. By spinning off these prospects we not only have the ability to maximise
the potential highlighted in the Pt-Ni Target Report by bringing on partners,
but we also reduce MinMet's levels of risk.'

'The proposed float and fundraising is in line with our innovative strategy to
fast track the development of a number of our exploration concession areas
through strategic partnerships either by equity participation or joint venture.
The formation of Lapp Plats plc follows recently announced deals to advance a
number of our concessions in Sweden. Dublin based Ovoca Resources plc will take
on gold projects including Klippen (1,602 ha), Krokliden (2,350 ha) and
Umgransele (2,965 ha) in the 'Gold Line' while Vancouver based North American
Gold Inc is to advance the Norra and Barsele gold projects.'

For further information:

Rolf L. Nordstrom Chairman Minmet Plc Tel: 00 44 20 7839 8686
Michael H. Nolan CEO Minmet Plc Tel: 00 353 1 661 3309
Hugo de Salis St Brides Media and Finance Tel: 00 44 20 7242 4477

Minmet PLC
15 January 2004

15th January 2004

Minmet plc ('MinMet')

Trading Update on activities at the Bjorkdal gold mine, Northern Sweden

MinMet, the international mining and exploration group, reports full year gold
production results at its Bjorkdal gold mine in Northern Sweden. Output for the
final quarter ending December 2003 was 9,061 ozs Au (281.8 kgs) leading to total
gold production for the year to 31 December 2003 of 43,287 ozs Au (1,346.4 kg).
This output significantly surpasses MinMet's original budget for 2003.

During the last quarter 2003 ore processed included some material extracted from
the pit and, predominantly in November and December, ore from stockpiled
material. Much of the in pit material processed in the final quarter was from
benches being prepared to access the south east extension of the pit, which will
be mined over the coming months.

Development drilling has been ongoing in the final quarter and 2,000m of core
and 2,839m of reverse circulation drilling in 40 holes was completed. A full
revised block model will be published shortly along with a production schedule
for 2004 and beyond.

Agreements aimed at achieving lower overall mining and crushing costs are almost
complete and management is confident that a proposal to bring the crushing
activity in-house will be finalised in the near future.

The appointment of Chris Power as Mining Manager in October 2003 has been
augmented with the appointment of an additional mine geologist and a mining
engineer to the team at Bjorkdal. Both new recruits will take up their
appointments in January 2004.

Gold production at the Bjorkdal Mine in Northern Sweden is summarised as
follows:

3 months ended 3 months ended Year ended Year ended
31 Dec 2003 31 Dec 2002 31 Dec 2003 31 Dec 2002

Ore Processed
-Tonnes 317,365 321,000 1,198,341 1,190,000

Grade - grms/tonne 1.04 1.20 1.30 1.02

Recovery - % 85.4 87.4 86.4 86.6

Production -
Ounces 9,061 10,822 43,287 33,793

Production - Kilos 281.8 336.6 1,346.4 1,051.1


For further information:
Rolf L. Nordstrom, Chairman, Minmet plc +44 20 7839 8686
Michael Nolan, CEO, Minmet plc +353 1 661 3309
Hugo de Salis, St Brides Media & Finance + 44 20 7242 4477
Web Site
www.minmet.ie

Looking forward to the production schedule, should see a significant increase overall. Onwards and upwards.

NF

they are feeding you. But why?

I'm starting to agree minmet seems to feed you with good information on projects, gold finds ect... only to drop 2-3 days later.

I feel that I have been sucked in a little. I bought 400000 shares at 4p. :o(

I am going to wait for there annual report for 2004, and if it doesn't show any improvements in profit/assets. I'm going to get out and never come back, it would be a shame as I thought that they were starting to show real potential.

They seem to have a problem showing/proving any real profit i.e. cash/asset profit from any of there schemes.

A question

If minmet are starting to make good, why have minmet started to sell off there lucrative assets such as shares in gold quest ect. (where they say they have found gold). Is this because they have diluted there shares to a degree that they cant, or dare not dilute them any more, and need cash to sustain the business.?

My thoughts!!

They need to prove profit in there business in order for there shares to grow!!
and not drill reports and speculation on profit.

I've lost confidance on this onee!!